Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The RBI has mandated that banks submit FEMA returns through the Centralized Information Management System (CIMS), effective June 30, 2026. This move aims to streamline reporting processes for financial institutions.
The NCLAT ruled that banks cannot be held in wilful contempt for delays in the release of rolled-over non-fund based credit facilities under an approved resolution plan, citing bona fide interpretation disputes.
The Reserve Bank of India has issued a second amendment for Credit Risk Management among Non-Banking Financial Companies, enhancing regulatory frameworks for risk management.
The Reserve Bank of India has released a second amendment directing changes to credit risk management among Regional Rural Banks, reinforcing risk assessment protocols.
The Reserve Bank of India has issued directions to Agency Banks regarding the disbursement of government pensions, setting clear guidelines and responsibilities. These provisions aim to improve efficiency and accountability in pension disbursement processes.
The Reserve Bank of India has published its Weekly Statistical Supplement, detailing liabilities and assets for April 2026. This will provide important financial insights for practitioners.
The RBI has established annual reporting requirements for mutual fund Asset Management Companies (AMCs) regarding their foreign liabilities and assets for Balance of Payments statistics.
The RBI has amended FEMA regulations to replace NCLT references with 'Competent Authority,' broadening the scope of authorities recognized under the law for approving cross-border mergers.
The RBI has modified FEMA regulations, reducing the timeframe for exporters to realize and repatriate export proceeds from 15 months to 9 months, enforcing stricter compliance requirements.
The RBI has decided to retain the repo rate at 5.25% while maintaining a neutral stance in light of escalating inflation risks and global economic uncertainties.
The RBI has mandated that all specified Foreign Exchange Management Act (FEMA) reports must now be submitted digitally through the Centralized Information Management System (CIMS) from June 30, 2026.
The NCLAT has held that banks cannot be found guilty of wilful contempt for not releasing non-fund based credit facilities as per an approved resolution plan, unless there is clear evidence of deliberate defiance of court orders.