Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The Reserve Bank of India issues Third Amendment Directions for Local Area Banks focused on customer protection in electronic banking.
The Reserve Bank of India has introduced amendments for Regional Rural Banks focusing on the limitation of customer liability in unauthorized electronic banking transactions.
The Reserve Bank of India has issued amendments for Urban Co-operative Banks regarding customer protection in unauthorized electronic banking transactions.
The Reserve Bank of India has issued the Third Amendment Directions for Rural Co-operative Banks, focusing on limiting customer liability in unauthorized electronic banking transactions.
The Reserve Bank of India has conducted a review of circulars issued under the Foreign Exchange Management Act, 1999, to rationalize the regulatory framework. This initiative aims to enhance the clarity and effectiveness of existing regulations.
The Reserve Bank of India successfully conducted an Overnight Variable Rate Repo (VRR) auction, allotting ₹665 crore at a cutoff rate of 5.26%. This auction reflects the current liquidity conditions and reinforces the RBI's commitment to managing money supply effectively.
The RBI has released the third amendment directions on responsible business conduct for Local Area Banks, focusing on customer protection in electronic transactions, reinforcing accountability.
The RBI has consolidated instructions for responsible business conduct in Rural, Urban, and Regional Co-operative Banks regarding customer protection in unauthorized electronic banking transactions.
The RBI has modified returns and reporting requirements under FEMA, 1999, addressing compliance provisions for Authorized Persons. This amendment aims to improve reporting measures and reflect current market practices.
The RBI has undertaken a review of circulars issued under FEMA since 2000 to streamline and rationalise the regulatory framework. This initiative focuses on restructuring outdated regulations and improving operational efficiency.
RBI imposes a monetary penalty on GIC Housing Finance Limited for KYC violations.
The RBI conducted a Variable Rate Repo (VRR) auction on July 6, 2026, raising significant liquidity.