Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
Amendment Directions, 2026, update the 2025 Master Direction for Small Finance Banks, mandating prior RBI approval for shareholdings of 5% or more. The framework enhances governance and financial stability safeguards.
RBI issues Amendment Directions, 2026, updating the framework for acquisition and holding of shares or voting rights in Local Area Banks. Prior approval is required for any stake exceeding 5%, aligning with prudential norms.
RBI mandates submission of the Non-Resident Deposits – Comprehensive Single Return (NRD-CSR) through the CIMS Sankalan Portal, replacing the XBRL platform. All Authorised Dealers must comply with the updated reporting mechanism effective October 1, 2026.
State governments, including Andhra Pradesh and Telangana, will auction securities totaling ₹25,100 crore in face value. The auctions are part of the RBI’s Benchmark Issuance Strategy to improve market transparency and investor clarity.
The interest rate for the Government of India Floating Rate Bond 2028 (FRB 2028) for the period October 4, 2026, to April 3, 2027, has been fixed at 6.45% per annum, based on the average yield of recent 182-day Treasury bill auctions plus a 0.64% spread.
The Reserve Bank of India conducted two overnight Variable Rate Reverse Repo (VRRR) auctions on October 5, 2026, under the Liquidity Adjustment Facility, totaling ₹2.5 lakh crore, to manage short-term liquidity. The first auction of ₹2 lakh crore saw a weighted average rate of 5.24%, with partial acceptance at the cut-off rate.
RBI's 2026 Master Circular consolidates credit guidelines for SC/ST beneficiaries, covering lending targets, DRI, CEGSSC, and monitoring mechanisms.
The RBI has revised its Digital Rupee FAQs, clarifying e₹ wallet functionality, UPI interoperability, programmability, and wholesale CBDC sandbox (CAT) use cases.
RBI's new Master Direction requires all currency processing units to use BIS-certified note sorting machines effective immediately, enhancing authenticity and fitness checks in circulation.
RBI consolidates lending guidelines for Scheduled Castes and Scheduled Tribes into a unified Master Circular effective October 1, 2026. The directive reinforces priority sector lending obligations for scheduled commercial banks.
RBI liberalises foreign remittance norms by removing value thresholds for online submission of Form A2, allowing seamless reporting across all transaction sizes. AD Category-I banks and AD Category-II entities must frame internal guidelines accordingly.
RBI mandates submission of Non-Resident Deposits – Comprehensive Single Return (NRD-CSR) through the CIMS Sankalan portal, replacing the XBRL platform. All banks maintaining NRD accounts must comply with revised reporting protocols.