
PE, Banking & Financial Services
Private equity, banking, NBFCs and family offices.
Where integrity risk sits in pe.
Capital flows faster than diligence. Investors need to know who they are backing, lenders need assurance that funds go where they should, and every institution now faces fraud that moves at the speed of digital payments. BDI gives investors, banks, NBFCs and family offices the facts before money moves and the monitoring after it does.
India and the UAE & Dubai, in numbers.
Statistics and regulatory developments from government, regulator and industry sources. Each figure links to its source.
Credit, capital markets and private capital are all at record scale, and so is the value of fraud reported to the regulator.
Regulatory and market updates
- Digital Lending Directions, 2025
The RBI consolidated digital lending rules from 8 May 2025, with enhanced due diligence on lending service providers and multi-lender arrangements from 1 November 2025.Source: Legal 500
- DPDP Rules in force
Notified on 13 November 2025, with most obligations, including breach notification, security safeguards and retention, applying from May 2027.Source: Hogan Lovells
- Fraud re-examination
FY26 totals include 314 older cases worth ₹30,199 crore re-classified after the Supreme Court's March 2023 ruling on natural justice in fraud classification.Source: Outlook Business, citing the RBI Annual Report 2025-26
A global wealth and banking hub with fast-growing balance sheets, a tougher AML regime and a surge of family-office structures.
Regulatory and market updates
- AML Decree-Law No. 10 of 2025
Broadens scope to virtual assets, lowers evidential thresholds, strengthens the FIU and raises penalties.Source: Hadef & Partners
- Data protection still maturing
The UAE PDPL has been in force since January 2022, but its executive regulations remained unissued as of August 2026.Source: BusinessDubai
The integrity risks we see most often.
Exposure ratings reflect BDI's casework and the current market and regulatory environment.
Promoter and management integrity
Undisclosed related parties, prior defaults and front companies behind investees and borrowers.
Fund diversion and end-use breaches
Loan proceeds and investment capital routed to related entities or non-approved uses.
Cyber and payments fraud
Mule accounts, impersonation and social engineering at scale.
Collateral and asset misstatement
Over-valued security, encumbered assets and phantom inventory.
Insider and conduct risk
Mis-selling, front-running and conflicts in dealing rooms and sales teams.
Third-party and agent risk
Lending service providers, DSAs and collection agencies acting outside the rules.
Other challenges
Speed versus diligence
Competitive deals and instant credit leave little time for checks.
Regulatory density
RBI, SEBI, DPDP, UAE AML and Thai anti-scam rules all raise the evidential bar.
Data fragmentation
Signals of fraud sit across registries, courts, media and field sources.
Post-deal blind spots
Monitoring often stops at disbursement or closing.
Each risk, matched to a response.
The practice that leads and the platform that keeps the record.
| Risk | How BDI responds | Practice | Platform |
|---|---|---|---|
| Promoter and management integrity | Senior management, promoter and business partner due diligence with OSINT and discreet HUMINT. | ||
| Fund diversion and end-use breaches | Lenders' assurance, agency for specialised monitoring (ASM) reviews, cash control and debtor monitoring. | ||
| Cyber and payments fraud | Digital forensics, transaction analytics and investigation of mule and insider networks. | ||
| Collateral and asset misstatement | Asset tracing, site and stock verification, and title and encumbrance searches. | ||
| Insider and conduct risk | Vigil mechanism and speak-up programme with BDI-run triage and audit committee reporting. |
Go deeper.
Private Equity
Before you invest, know who you are backing; after you invest, know where the money is going.
Explore 02.2Banking
Assurance that credit reaches its intended use, and investigations that stand up when it does not.
Explore 02.3NBFCs
Fast-growing lenders need diligence and monitoring that keep pace with disbursement.
Explore 02.4Family Offices
Discreet diligence and governance for families investing across India, the UAE and beyond.
ExploreSources
- Outlook Business, citing the RBI Annual Report 2025-26, Financial institutions report over 10,000 cases of fraud involving ₹48,000 crore in FY26, May 2026.
- Bain & Company and IVCA, India Private Equity Report 2026, 2026.
- IANS, citing I4C / NCRP data, Indians lose over ₹52,976 crore to cyber frauds over six years, Jan 2026.
- Legal 500, The RBI's Digital Lending Directions, 2025: a unified code, 2025.
- Hogan Lovells, India's Digital Personal Data Protection Act 2023 brought into force, Nov 2025.
- Emirates 24|7, citing CBUAE data, UAE banking sector August 2026: total assets hit Dh5.74 trillion, Oct 2026.
- Milano Finanza, Dubai International Financial Centre: revenues up 20%, profit up 28% in 2025, Feb 2026.
- Hadef & Partners, A new era for AML/CTF/PF in the UAE: Federal Decree-Law No. 10 of 2025, Oct 2025.
- Reuters (via New Straits Times), UAE's real GDP grows 6.2% in 2025, May 2026.
- BusinessDubai, UAE PDPL: personal data protection guide, Reviewed Aug 2026.


