Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The Debt Recovery Appellate Tribunal (DRAT) has dismissed Karur Vysya Bank’s late appeal, reiterating that procedural diligence is essential and that administrative lapses do not constitute sufficient cause.
The Karnataka High Court has ruled that free banking services, such as maintenance of Minimum Average Balance (MAB), do not constitute a taxable service, therefore exempting such services from service tax.
The Reserve Bank of India has enacted third amendment directions related to the Cash Reserve Ratio and Statutory Liquidity Ratio for Commercial Banks, focusing on liquidity standards.
The Reserve Bank of India has introduced third amendment directions aimed at Cash Reserve Ratio and Statutory Liquidity Ratio for Small Finance Banks, enhancing liquidity norms.
The Reserve Bank of India has enacted third amendment directions related to the Cash Reserve Ratio and Statutory Liquidity Ratio for Urban Co-operative Banks.
The Reserve Bank of India has released third amendment directions regarding Cash Reserve Ratio and Statutory Liquidity Ratio for Rural Co-operative Banks.
The Reserve Bank of India has introduced third amendment directions concerning the Cash Reserve Ratio and Statutory Liquidity Ratio for Regional Rural Banks.
The Reserve Bank of India has issued directives instructing Commercial Banks on the implementation of the Kisan Credit Card Scheme to bolster credit access for farmers.
The Reserve Bank of India has laid down fresh guidelines for the Kisan Credit Card Scheme applicable to Small Finance Banks to facilitate easier access to credit for farmers.
The Reserve Bank of India has issued new directives regarding the Kisan Credit Card Scheme specifically for Regional Rural Banks, aiming to improve agricultural financing mechanisms.
The Reserve Bank of India has released directives concerning the Kisan Credit Card Scheme for Rural Co-operative Banks, urging compliance and establishing expectations for bank operations. This move aims to enhance agricultural financing for farmers.
The RBI has announced the auction of Treasury Bills worth ₹18,000 crore, scheduled for June 24, 2026.