Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The RBI has published final Directions on the revised Kisan Credit Card Scheme, incorporating stakeholder feedback from the draft issued earlier.
Companies receiving foreign investments must ensure compliance with FEMA regulations regarding reporting, valuation, and approvals to avoid penalties and delays in future fundraising.
The RBI has amended existing regulations, shortening the realization period for export proceeds from 15 months to 9 months under FEMA. Compliance requirements for exporters will be stricter.
The RBI has enabled UPI integration with KHQR in Cambodia, allowing Indian travelers to make payments directly with UPI apps. This development enhances the global reach of UPI.
The RBI has introduced a US Dollar-Rupee swap facility for FCNR (B) deposits mobilised for a period of three to five years, enhancing foreign currency management.
The Reserve Bank has amended its directions regarding the Cash Reserve Ratio and Statutory Liquidity Ratio for Commercial Banks, introducing a US Dollar-Rupee swap facility for enhancing liquidity management.
The RBI has amended Cash Reserve Ratio and Statutory Liquidity Ratio directives for Small Finance Banks, incorporating a US Dollar-Rupee swap facility for FCNR (B) funds to enhance liquidity.
The Reserve Bank has issued amendments for Urban Co-operative Banks’ Cash Reserve Ratio and Statutory Liquidity Ratio, including a US Dollar-Rupee swap facility for FCNR (B) deposits. This aims to support liquidity management in the sector.
The Reserve Bank has amended the Cash Reserve Ratio and Statutory Liquidity Ratio for Rural Co-operative Banks, introducing a US Dollar-Rupee swap facility for FCNR deposits. This aims to enhance the banks' liquidity management capabilities.
The Reserve Bank of India has amended directions pertaining to Cash Reserve Ratio and Statutory Liquidity Ratio for Regional Rural Banks, introducing a US Dollar-Rupee swap facility for Foreign Currency Non-Resident deposits. This amendment aims to enhance liquidity management for the banks involved.
NSE clarifies that regulatory exemptions under Section 31 of the IBC do not apply to plans approved under Section 54L of the PPIRP framework. Compliance with SEBI norms remains mandatory.
The IBBI has disciplined an insolvency professional with a penalty for continuing assignments without a valid Authorisation for Assignment (AFA), underscoring the critical nature of compliance in insolvency practice.