Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The RBI has updated its directives to exempt long-term NRE deposits from CRR and SLR requirements for Small Finance Banks, enhancing liquidity management.
Long-term NRE deposits have been exempted from CRR and SLR for Urban Co-operative Banks as per RBI's recent directions, enhancing liquidity.
The RBI has exempted eligible long-term NRE deposits from CRR and SLR for Rural Co-operative Banks, aiding liquidity management.
The RBI has amended its regulations to exempt long-term NRE deposits from CRR and SLR requirements for Regional Rural Banks, enabling better liquidity management.
The RBI's Monetary Policy Committee has decided to keep the repo rate unchanged at 5.25%, opting for a cautious approach in light of global economic uncertainties.
The RBI has revised its Kisan Credit Card framework to enhance credit access for farmers. The new guidelines detail eligible farmers, loan limits, and collateral norms aimed at improving agricultural financing.
The Calcutta High Court upholds a bank's decision to withhold a 'No Due Certificate' until all components of the loan debt are satisfied.
Pahal Financial Services has been penalized ₹3.10 lakh by RBI for not adhering to KYC guidelines.
The RBI has imposed a monetary penalty of ₹2.70 lakh on Can Fin Homes Limited for non-compliance with Fair Practices Code requirements.
The RBI has levied a penalty of ₹6.20 lakh on Five Star Business Finance Limited for non-compliance with KYC and Fair Practice Code provisions.
The Calcutta High Court has upheld a bank's decision to withhold a No Due Certificate, affirming that all loan-related charges must be settled before such certification is granted.
The Reserve Bank of India has released a third amendment to the Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) for commercial banks, adjusting liquidity management rules.