Why banks ask for it
Banks use the LEI to identify a borrower across the financial system and link its group entities. RBI phased the requirement in for borrowers by exposure size, ending with the ₹5–10 crore band in April 2025, so most mid-sized corporate borrowers now need one. An LEI that isn't renewed lapses, which can hold up a loan renewal.
Documents required
- Certificate of incorporation or registration.
- PAN of the entity.
- Details of the parent entity, if any.
- Authorisation letter for the applicant.
- Constitutional documents — MOA/AOA, LLP agreement or deed.
The process
Collect entity details
Legal name, registration number and addresses exactly as registered.
Parent details
Direct and ultimate parents, where applicable.
Apply and pay
With the issuer, with supporting documents.
LEI issued
After validation, the LEI is published in the global database.
Renew annually
We diarise renewal before the expiry date.
What the LEI record contains
- The entity's legal name and registration number.
- Registered and headquarters addresses.
- Legal form and status.
- Direct and ultimate parent entities, where they exist and consolidate the entity.
- Registration and renewal dates.
LEI records are public and searchable in the global LEI database maintained by GLEIF, so banks and counterparties can check them.
Practical notes from our engagements
- LEI allowed to lapse. Banks check status at renewal. Renew before it lapses.
- Parent relationships left out. The system asks for parent entities; incomplete data can delay issue.
How we handle LEI registration
We apply with complete entity and parent data, and renew each year before expiry.
Related services
Frequently asked questions
Who needs an LEI in India?
Non-individual borrowers with total bank exposure of ₹5 crore or more, and non-individuals making RTGS/NEFT or cross-border transactions of ₹50 crore or more.
How long is an LEI valid?
It's renewed every year.
Who issues LEIs in India?
GLEIF-accredited issuers, including Legal Entity Identifier India Ltd.
What happens if the LEI lapses?
Banks may not renew or enhance loans for borrowers whose LEI requirement isn't met.
Do individuals need an LEI?
The RBI requirements apply to non-individuals.
How do I check an existing LEI?
LEI records can be searched in the global LEI database maintained by GLEIF.
Can one entity have more than one LEI?
No. An entity has a single LEI, renewed each year.