Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The RBI has issued amendments to the governance directions for urban co-operative banks, strengthening the requirements for board constitution and oversight.
The RBI has amended the governance directions for rural co-operative banks, enhancing the framework for board constitution and governance.
The RBI has issued amendments affecting Foreign Portfolio Investors' investments in government securities, aimed at improving regulatory oversight and compliance in this sector.
The RBI has amended the Foreign Exchange Management (Cross Border Merger) Regulations, streamlining processes for cross-border mergers. This amendment modifies previous regulations to facilitate smoother cross-border transactions and compliance for companies engaged in mergers.
The Reserve Bank of India has amended the Foreign Exchange Management Regulations for exports, enhancing compliance measures under the Foreign Exchange Management Act. These changes streamline requirements for exporters of goods and services, ensuring better regulatory oversight.
The RBI has scheduled auctions for 91-Day, 182-Day, and 364-Day Treasury Bills, a significant measure to manage government finances and liquidity in the economy.
Puran Associates Private Limited has been penalized for failing to comply with asset classification provisions according to RBI regulations. This emphasizes the scrutiny on asset management practices.
The RBI has released draft Amendment Directions regarding interest rate disclosures on deposits, inviting stakeholder comments. This aims to enhance pricing flexibility for banks.
The RBI announced the redemption price for premature redemption of the SGB 2021-22 Series-III, due on June 8, 2026. This outlines conditions for early redemption of Sovereign Gold Bonds.
The RBI has issued directions pertaining to the disbursement of government pensions by Agency Banks, setting guidelines for the implementation processes involved.
The NCLT admitted insolvency proceedings, concluding that ongoing settlement talks do not negate the need for Corporate Insolvency Resolution Process (CIRP) if an operational debt and default are established.
The Reserve Bank of India has amended the Responsible Business Conduct guidelines for Regional Rural Banks to enhance accountability and ethical standards.