Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
RBI has moved NRD-CSR (R012) reporting under the CIMS Sankalan Portal, requiring monthly submissions by the 10th with revised formats and three approved filing channels.
RBI mandates the use of BIS-certified note sorting machines for authentication and fitness sorting in banks, replacing 268 outdated circulars with a unified master direction.
Effective October 1, 2026, the RBI has removed monetary limits on online submission of Form A2 for foreign remittances. The change, under A.P. (DIR Series) Circular No. 23, allows unrestricted digital processing of remittances under the Liberalised Remittance Scheme (LRS).
Effective October 1, 2026, the Reserve Bank of India mandates submission of the Non-Resident Deposits – Comprehensive Single Return (NRD-CSR) via the CIMS Sankalan Portal. This shift from the legacy XBRL platform aims to streamline reporting and improve data accuracy.
The Reserve Bank of India has introduced a Standing Liquidity Facility (SLF) for Primary Dealers (PDs) to enhance liquidity management and support orderly financial market operations. The facility will allow PDs access to overnight liquidity, strengthening their role as market makers.
The RBI has directed implementation of interoperability among NBFC-Account Aggregators (NBFC-AAs), enabling customers to seamlessly access and share financial data across providers. The move enhances data portability and strengthens the Account Aggregator (AA) framework.
The Reserve Bank of India has extended restrictions on Samarth Urban Co-operative Bank Ltd., Osmanabad, Maharashtra, under Section 35A read with Section 56 of the Banking Regulation Act, 1949, until October 7, 2026. The extension maintains prior limitations on operations to protect depositor interests.
SEBI releases new Master Circular for Debenture Trustees, consolidating norms and replacing the 2025 circular effective September 28, 2026.
Delhi High Court rules banks cannot unilaterally reduce interest on fixed deposits maintained under court orders without just cause, in NatWest vs Hero Exports.
RBI issues amendment directions for Commercial Banks' shareholding, enhancing regulatory oversight on acquisitions and voting rights.
RBI amends shareholding rules for Local Area Banks, aligning them with updated regulatory norms for ownership transparency and regulatory approval thresholds.
The Reserve Bank removes value thresholds for electronic remittances requiring prior Form A2 submission, streamlining compliance for authorised dealers and customers.