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About Abin Daya

International trade expert - Regulatory Compliance advisor - Author - Speaker

Summary

PGDM from IIM-Lucknow, followed by a strong career in transaction banking, with excellent understanding of regulations and processes of cross-border transactions
Former Member, Advisory Committee on State PSUs for the Government of Kerala
Knowledge partner to various industry bodies, advising the members on international trade transactions
Compliance Advisor, advising listed and unlisted corporates, on Foreign Exchange Management Act, 1999 (FEMA) and cross- border transactions
Author of various articles and a book on cross-border trade, and trainer to banks and corporates on the subject
Well-rounded experience in investigative interactions with various investigative agencies, on trade frauds

Advisory and consulting roles (ongoing since Jan 2016)

Principal - Regulatory Compliance, Aquinas Consulting LLP, a regulatory compliance advisory firm, specialising in FEMA compliance for current and capital account transactions
Former Member of a 6-member committee constituted by the Government of Kerala to advise the Kerala State Financial Enterprises (KSFE), on Business Process Reengineering
Independent consultant advising MNCs and local corporates on regulatory requirements pertaining to cross-border transactions - current/capital account
External consultant to banks, providing guidance and independent opinion on various provisions of FEMA for current and capital account transactions
Advisor to various large corporates on FEMA and Exchange Control processes and banking processes pertaining to cross-currency transactions Speaking and training assignments (ongoing since Jan 2016)
Trainer for regulatory compliance and international trade related topics to various banks and corporates
Trainer and knowledge partner for FIEO, conducting training sessions for exporters and corporates
Contributor to the CII White Paper on “Roadmap for Rupee Internationalisation - A Way Forward”, published in March 2017

A few consulting assignments handled

Client	Description	Topic
Manufacturing company in India	Refund of export advance received amounting to EUR 3Mn beyond one year from the date of receipt - seeking and obtaining RBI approval for the transaction	Exports
Auto component manufacturer in India	Compounding of contravention to Regulation 5 of FEMA 120, created as a result of an ODI-FDI structure put through by the IE	ODI/FDI
Client	Description	Topic
A large European engineering goods manufacturer	Advising on and regularising the exceptions in the loans provided by the parent company to their Indian subsidiary, by seeking and obtaining appropriate regulatory approvals and completing the reporting process	ECB
Listed Company (IE) in engineering goods manufacturing	FEMA audit to identify exceptions and irregularities related to Overseas Investments done in 11 Foreign Entities in different countries	ODI
Technology company receiving FDI from overseas investors	Conversion of export advance to FDI under delayed reporting; complying with requirements of conditional approval by filing compounding application with RBI	FDI

A few speaking/training assignments handled

Topic	Delivered for	Timeline
Current account transactions under FEMA - a practical overview	Indian Branch of a French MNC Bank	Jan 2024
Regulatory Compliance under FEMA for Capital Account transactions	Indian Branch of a French MNC Bank	Jan 2024
Overseas Investment Rules, 2022	Operations team members at a large Indian Nationalised Bank	Oct 2023
Technical session on Overseas Investments and Foreign Direct Investments	Institute of Company Secretaries of India (ICSI), Bangalore Chapter	Sep/Oct 2023
Practical issues under FEMA compliance for Import Export Business	Institute of Chartered Accountants of India (ICAI), National Conference - 2022	June 2022
Regulatory Compliance for Merchanting Trade Transactions	Federation of Indian Export Organisations (FIEO)	Dec 2020

Banking career (till 2015)

Transaction banking and corporate banking career spanning 15+ years with MNC and Private banks, at senior roles
Ability to grasp business needs to structure transactions, having handled trade business for corporates at banks such as SCB, Yes Bank and Bank of America
Ability to read between the lines and interpret guidelines, having done policy level interactions with RBI on FEMA regulations
Represented banks in various investigative interactions into trade frauds with investigative agencies such as the CBI and Enforcement Directorate

Organisation	Period	Last role
Bank of America, Chennai	May 2013 - Nov 2015	VP - GTS Sales
HSBC, Mumbai	Oct 2011 - May 2013	SVP & Product Manager (South Asia) - GTRF
Yes Bank Ltd	Jan 2007 - Sep 2011	SVP & Regional Head - Trade Sales, South India
Standard Chartered Bank	May 2004 - Dec 2006	Relationship Manager - SME Banking
ICICI Bank Ltd	Jun 2000 - May 2004	Solutions Manager - SEG

Educational History

PGDM, Indian Institute of Management - Lucknow, 1998-2000
Bachelor of Commerce, University of Kerala, 1994-1997
Air Force Officer Cadet, National Defence Academy, Pune, 1991-93 (Placed in Cat EEE in 1993)

40407 Times Visited

About Abin Daya

Summary

Advisory and consulting roles (ongoing since Jan 2016)

A few consulting assignments handled

Banking career (till 2015)

Educational History

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