Monetary Penalty on Pahal Financial Services Private Limited
The RBI imposed a penalty of ₹3.10 lakh on Pahal Financial Services for KYC compliance failures.
Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The RBI imposed a penalty of ₹3.10 lakh on Pahal Financial Services for KYC compliance failures.
The RBI has levied a penalty of ₹2.70 lakh on Can Fin Homes Limited for non-compliance with Fair Practices Code.
The RBI has imposed a penalty of ₹6.20 lakh on Five Star Business Finance Limited for non-compliance with KYC regulations.
The RBI has finalized and issued a revised circular on the Lead Bank Scheme, incorporating stakeholder feedback received on the draft.
The RBI will conduct a Variable Rate Repo (VRR) auction on June 22, 2026, with a notified amount of ₹1,25,000 crore for one day.
The RBI requires mutual fund asset management companies to report foreign liabilities and assets annually to enhance Balance of Payments statistics.
The RBI has reiterated the necessity for software and ITES exporters to submit annual surveys based on the previous financial year, outlining key reporting requirements.
The RBI has clarified reporting requirements and procedures for Portfolio Investment Positions, aiming to enhance data quality in cross-border investments.
The RBI has updated the Cross Border Merger Regulations under FEMA, expanding the term 'Competent Authority' to include any authority under the Companies Act, thereby facilitating merger approvals.
The RBI has proposed amendments to allow banks greater flexibility in pricing Rupee bulk deposits, inviting public comments by June 20, 2026. Transparency in interest rate disclosures will be maintained.
The Reserve Bank has issued a circular regarding the NOP-INR position for Authorised Dealer Category-I banks, referring to the introduction of a US Dollar-Rupee swap facility.
The Reserve Bank of India (RBI) has confirmed the withdrawal of ₹2000 banknotes, with deposit and exchange facilities available until October 7, 2023. This move follows the RBI's earlier press release on the status of the withdrawal.