Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The RBI's Integrated Ombudsman Scheme introduces a systematic and cost-free approach for resolving customer complaints against regulated entities, enhancing consumer protection mechanisms.
The NCLT ruled that homebuyers cannot reactivate delayed claims after the approval of the resolution plan, reaffirming that ignorance of the Corporate Insolvency Resolution Process (CIRP) is not a valid excuse.
The Reserve Bank of India has released Third Amendment Directions for Small Finance Banks regarding customer liability in electronic banking.
The Reserve Bank of India has issued Second Amendment Directions for Payments Banks addressing limitations on customer liability in unauthorized electronic banking transactions.
The Reserve Bank of India issues Third Amendment Directions for Local Area Banks focused on customer protection in electronic banking.
The Reserve Bank of India has introduced amendments for Regional Rural Banks focusing on the limitation of customer liability in unauthorized electronic banking transactions.
The Reserve Bank of India has issued amendments for Urban Co-operative Banks regarding customer protection in unauthorized electronic banking transactions.
The Reserve Bank of India has issued the Third Amendment Directions for Rural Co-operative Banks, focusing on limiting customer liability in unauthorized electronic banking transactions.
The RBI has established the redemption price for premature redemption of SGB 2020-21 Series-IX on July 04, 2026.
The Calcutta High Court mandated IndusInd Bank to refund 50% of the processing fee, holding a negotiated settlement consistent with RBI guidelines.
The RBI has issued new directives for Small Finance Banks to enhance customer protections in unauthorized electronic transactions, a move aimed at increasing consumer trust.
The RBI has introduced updated guidelines for Payments Banks, focusing on limiting customer liability for unauthorized electronic transactions, thereby enhancing security standards.