Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The RBI has announced the third amendment directions for Non-Banking Financial Companies (NBFCs) focusing on responsible lending practices and engagement of recovery agents. This amendment will guide NBFC operations.
The RBI has issued third amendment directions regarding Housing Finance Companies (HFCs), focusing on fair practices and engagement of recovery agents. This will impact recovery operations in HFCs significantly.
The RBI has issued the second amendment to directions on Priority Sector Lending, revising targets and classifications. This amendment is crucial for financial institutions as it affects their lending frameworks.
Four Non-Banking Financial Companies have surrendered their Certificates of Registration, resulting in cancellation by the RBI.
The Reserve Bank of India has canceled the Certificates of Registration of 59 Non-Banking Financial Companies due to non-compliance with regulatory requirements.
The RBI has restored the Certificate of Registration of a Non-Banking Financial Company after an appellate review, allowing it to resume operations.
The RBI has released new loan recovery guidance applicable to various banking formats, focusing on operational conduct and borrower protections starting January 2027.
The RBI has released comprehensive loan recovery agent directions for Small Finance Banks (SFBs), focusing on borrower safeguards effective from January 2027.
The RBI has issued draft directions proposing restrictions on revolving credit products for Non-Banking Financial Companies (NBFCs), with comments invited from stakeholders.
The Madras High Court has dismissed a writ petition affirming the RBI Ombudsman’s conclusions regarding grievances related to GST refunds, bank charges, and NPA classification.
The Reserve Bank of India has issued the third amendment directions for Housing Finance Companies, focusing on the engagement of recovery agents. The new instructions revise the existing Fair Practices Code.
The Reserve Bank of India has imposed a monetary penalty of ₹50,000 on The Amravati District Central Co-operative Bank Ltd. for non-compliance with KYC directives. This enforcement reflects RBI's commitment to regulatory adherence.