Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The Reserve Bank of India has released a second amendment directing changes to credit risk management among Regional Rural Banks, reinforcing risk assessment protocols.
The Reserve Bank of India has issued directions to Agency Banks regarding the disbursement of government pensions, setting clear guidelines and responsibilities. These provisions aim to improve efficiency and accountability in pension disbursement processes.
The Reserve Bank of India has published its Weekly Statistical Supplement, detailing liabilities and assets for April 2026. This will provide important financial insights for practitioners.
The RBI has established annual reporting requirements for mutual fund Asset Management Companies (AMCs) regarding their foreign liabilities and assets for Balance of Payments statistics.
The RBI has amended FEMA regulations to replace NCLT references with 'Competent Authority,' broadening the scope of authorities recognized under the law for approving cross-border mergers.
The RBI has modified FEMA regulations, reducing the timeframe for exporters to realize and repatriate export proceeds from 15 months to 9 months, enforcing stricter compliance requirements.
The RBI has decided to retain the repo rate at 5.25% while maintaining a neutral stance in light of escalating inflation risks and global economic uncertainties.
The RBI has mandated that all specified Foreign Exchange Management Act (FEMA) reports must now be submitted digitally through the Centralized Information Management System (CIMS) from June 30, 2026.
The NCLAT has held that banks cannot be found guilty of wilful contempt for not releasing non-fund based credit facilities as per an approved resolution plan, unless there is clear evidence of deliberate defiance of court orders.
The RBI has issued amendments to the governance directions for urban co-operative banks, strengthening the requirements for board constitution and oversight.
The RBI has amended the governance directions for rural co-operative banks, enhancing the framework for board constitution and governance.
The RBI has issued amendments affecting Foreign Portfolio Investors' investments in government securities, aimed at improving regulatory oversight and compliance in this sector.