Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
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.
The RBI issued final amendment directions to streamline approval for mutual funds, insurers, and pension funds acquiring major shareholding in banks. The move aims to ease compliance for institutional investors.
The RBI announced a ₹2 lakh crore overnight variable rate reverse repo (VRRR) auction on October 5, 2026, to manage liquidity. The auction reflects active liquidity correction amid evolving monetary conditions.
RBI releases updated FAQs on Digital Rupee, covering e₹ wallets, UPI interoperability, programmability, and wholesale CBDC use cases.
RBI’s fraud risk framework mandates individual inquiry and natural justice before labelling directors as fraudsters; automatic tagging invalid.
Calcutta High Court holds that Rs 20 lakh SARFAESI threshold for NBFCs does not apply to banks acquiring secured assets, upholding recovery proceedings.
RBI issued new Master Directions requiring use of BIS-certified note sorting machines, enhancing currency authenticity and fitness standards. All prior circulars on currency management are consolidated or withdrawn.
RBI consolidates guidelines for credit to SCs and STs, reinforcing priority sector lending norms and access to finance.
RBI strengthens investor norms for Small Finance Banks, requiring prior approval and enhanced due diligence for share acquisitions.
RBI revises share acquisition norms for Payments Banks, reinforcing prior approval requirements and investor eligibility standards.