RBI Amends Shareholding Rules for Small Finance Banks
RBI strengthens investor norms for Small Finance Banks, requiring prior approval and enhanced due diligence for share acquisitions.
Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
RBI strengthens investor norms for Small Finance Banks, requiring prior approval and enhanced due diligence for share acquisitions.
RBI revises share acquisition norms for Payments Banks, reinforcing prior approval requirements and investor eligibility standards.
RBI amends directions on share acquisition in Local Area Banks, tightening eligibility and approval norms for promoters and substantial investors.
RBI has issued final Amendment Directions simplifying the approval process for mutual funds, insurance companies, and pension funds acquiring major shareholdings in banking companies.
The Reserve Bank of India has appointed Sudhakar Malli as Executive Director effective October 1, 2026. Malli, a career central banker with over 30 years of experience, was previously Chief General Manager-in-Charge of the Department of Supervision.
Year-on-year non-food bank credit grew by 18.8% as of August 31, 2026, up sharply from 10.2% in the same period the previous year. The data reflects robust credit demand across key sectors.
J&K HC upholds Parliament’s power to extend Building and Other Construction Workers Cess Act to J&K; applies to post-2007 contracts.
MCA imposes ₹15 lakh compounding fee on Shree Renuka Sugars for violating auditor tenure and rotation rules under Section 139.
NCLT approves amalgamation of Mawana Foods with Mawana Sugars effective April 1, 2026, preserving tax and regulatory benefits.
NCLT Ahmedabad dismisses oppression plea, citing insufficient grounds for compulsory share purchase despite inter-shareholder conflict.
NCLT Ahmedabad directs RoC to re-examine disputed DIR-12 filing under Rule 11; refuses immediate removal of directors.
NCLAT upheld the restoration of Ganton Projects but reduced the ₹10 lakh cost imposed to ₹5 lakh, holding the original amount to be disproportionate under Rule 87A of the Companies Rules.