Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The Reserve Bank of India announced amendments to the Credit Risk Management Directions for All India Financial Institutions. These amendments aim to strengthen risk management frameworks to better address the challenges posed by stressed assets.
The Reserve Bank of India has established directions for the disbursement of government pensions through Agency Banks, providing a structured approach for implementation. This aims to streamline pension payments and ensure timely disbursements, enhancing service delivery.
The Reserve Bank of India issued guidelines regarding the conduct of government business by Agency Banks, outlining the payment of agency commissions and oversight mechanisms. This regulatory framework aims to enhance the efficiency and accountability of financial transactions handled by these banks.
The Reserve Bank of India has sanctioned the voluntary amalgamation of Bhavani Sahakari Bank Ltd. with TJSB Sahakari Bank Ltd., set to take effect on May 4, 2026. This strategic move aims to enhance operations and service to customers.
The RBI has released revised draft directions to enhance recovery practices, emphasizing borrower protection and transparency in loan recovery methods.
The RBI has issued amendments to the directions regarding the resolution of stressed assets among financial institutions, enhancing the guidelines for managing and resolving non-performing assets.
The RBI has amended the directions concerning income recognition and asset classification for financial institutions, aimed at enhancing clarity and compliance in the recognition of income and classification of assets.
The RBI has updated its directions on responsible business conduct for all Indian financial institutions, emphasizing ethical practices and compliance within the banking sector. This initiative is part of broader regulatory reforms aimed at improving financial stability.
The Reserve Bank of India has amended directions pertaining to credit risk management for all India financial institutions, focusing on effective risk assessment and management strategies. This amendment aims to address current challenges in the financial sector.
The Insolvency and Bankruptcy Board of India (IBBI) has amended the PPIRP rules to ensure enhanced oversight on registered valuers and provide clearer frameworks for fair and liquidation values.
The NCLAT confirmed that post-liquidation settlements must follow a Section 230 scheme of the Companies Act, ruling that Section 12A cannot apply after liquidation proceedings have initiated. This reinforces the integrity of the liquidation process.
The Reserve Bank of India has amended guidelines on credit risk management for Non-Banking Financial Companies (NBFCs), addressing the evolving financial landscape.