Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
RBI amends directions on share acquisition in Local Area Banks, tightening eligibility and approval norms for promoters and substantial investors.
RBI removes amount thresholds for online submission of Form A2, allowing all remittances to be filed electronically, simplifying forex compliance for authorised dealers.
RBI mandates migration of Non-Resident Deposits Comprehensive Single Return (NRD-CSR) to the CIMS Sankalan portal, replacing XBRL submissions to streamline forex data collection.
The Reserve Bank of India (RBI) has issued a Master Direction on the use of note sorting machines, mandating operational, quality, and reporting standards for all banks to ensure currency fitness and integrity.
RBI has extended regulatory directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to The Industrial Co-operative Bank Ltd., Guwahati, until October 4, 2026.
RBI has issued final Amendment Directions simplifying the approval process for mutual funds, insurance companies, and pension funds acquiring major shareholdings in banking companies.
The Reserve Bank of India has appointed Sudhakar Malli as Executive Director effective October 1, 2026. Malli, a career central banker with over 30 years of experience, was previously Chief General Manager-in-Charge of the Department of Supervision.
Net claims of non-residents on India increased by US$16.5 billion to US$220.3 billion by end-June 2026, driven by a rise in external liabilities and a dip in foreign-owned assets abroad.
Year-on-year non-food bank credit grew by 18.8% as of August 31, 2026, up sharply from 10.2% in the same period the previous year. The data reflects robust credit demand across key sectors.
India’s external debt stood at US$778.2 billion by end-June 2026, up US$15.4 billion from March 2026. The external debt to GDP ratio declined to 20.8%, indicating improved sustainability despite rising liabilities.
RBI amends investment portfolio rules for Small Finance Banks to ensure uniform valuation and risk management standards.
RBI amends investment portfolio rules for All India Financial Institutions. Focuses on classification and valuation clarity.