Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The Reserve Bank of India has proposed a draft amendment to restrict revolving credit products provided by non-banking financial companies, except for authorized credit card issuers. This move aims to enhance regulatory oversight.
The Reserve Bank of India has introduced a new scheme allowing higher returns on FCNR(B) deposits for NRIs, available for a limited period. The forex swap feature aims to attract foreign currency deposits amidst economic challenges.
According to data from the RBI, non-banking financial companies saw a 14.4% year-on-year growth in credit deployment in June 2026. This growth indicates a strengthening credit environment for various sectors.
The Reserve Bank of India announced the auction of Government of India Treasury Bills on August 12, 2026, with notified amounts of ₹9,000 crore for the 91-Day and ₹8,000 crore for the 182-Day bills. This initiative is designed to manage short-term funding requirements.
The RBI has announced a policy change excluding eligible advances against FCNR(B) and NRE deposits from the Adjusted Net Bank Credit (ANBC) for priority sector lending. This change is effective immediately.
The Reserve Bank of India has launched a new FCNR(B) swap scheme, aimed at providing higher interest rates for NRIs with limited-time benefits. This initiative is designed to enhance foreign investment in India.
Utsav Securities Limited has been fined ₹3.90 lakh by the RBI for non-compliance with governance directives regarding data submission to Credit Information Companies.
Infinity Fincorp Solutions Private Limited has been penalized ₹5.40 lakh by the RBI for violations related to KYC regulations and fair practice codes.
The Reserve Bank of India will conduct a Variable Rate Reverse Repo auction for ₹2,00,000 crore on August 10, 2026, as part of its liquidity management strategy.
The RBI has introduced a Dollar-Rupee Forex Swap Scheme aimed at supporting the foreign borrowings of Indian entities. This initiative is designed to stabilize the rupee and encourage foreign capital inflows.
The Madras High Court upheld the RBI Ombudsman's decisions regarding grievances related to GST refunds, bank charges, and NPA classifications. The court dismissed a writ petition challenging the Ombudsman's findings, affirming the procedural integrity of the Ombudsman’s process.
Utsav Securities Limited has been penalized ₹3.90 lakh by the RBI for governance and compliance issues related to credit information submissions. This reflects heightened regulatory vigilance in the sector.