Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The Himachal Pradesh High Court held that admission of a signature on a blank cheque raises a legal presumption of liability under Section 139 of the Negotiable Instruments Act, 1881. The accused must rebut this presumption to avoid conviction.
RBI mandates specific risk management protocols for Authorised Dealer banks operating IFSC Banking Units in inter-bank foreign exchange transactions.
RBI has revised the Foreign Exchange Risk Reserve requirements to maintain orderly market conditions amid evolving external sector dynamics.
RBI has imposed new safeguards on cancellation and rebooking of forex derivatives to curb speculative activity, requiring ADs to ensure genuine underlying exposure.
RBI has modified the daily minimum cash reserve maintenance requirement, allowing banks to maintain 90% of CRR on daily basis subject to fortnightly averaging, to enhance liquidity management.
RBI mandates a 20% foreign exchange risk reserve on INR derivative contracts exceeding USD 2 million, requiring daily cash deposits and real-time reporting to curb speculative pressures.
RBI bars rebooking of cancelled INR forex derivative contracts, reduces unhedged position threshold to USD 5 million, and mandates enhanced hedging disclosures, effective immediately.
Reserve Bank of India requires all goods and services exporters to file an Electronic Declaration Form (EDF) with designated banks from October 1, 2026 to streamline forex reporting and compliance.
The RBI has issued the Twelfth Amendment to Capital Adequacy Directions for Commercial Banks, refining legal opinion requirements and valuation adjustments for incurred losses.
The RBI has issued the Sixth Amendment to Prudential Norms on Capital Adequacy for Small Finance Banks, aligning legal opinion requirements for clearing members with international standards.
The RBI has revised the daily Cash Reserve Ratio (CRR) maintenance norms, allowing banks to maintain 90% minimum daily CRR while ensuring fortnightly average compliance.
The RBI has modified the foreign exchange risk reserve framework to promote market stability, requiring authorised dealers to maintain dynamic provisioning based on open derivative positions.