Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The Reserve Bank of India has published new Statutory Audit Directions for commercial banks, delineating guidelines for audit procedures and governance, critical for regulatory compliance and financial integrity.
The Reserve Bank of India has set forth the Internal Audit Function Directions for commercial banks, aiming to enhance internal governance and compliance oversight within financial institutions.
The Reserve Bank of India has unveiled new guidelines focused on fraud risk management within commercial banks, aiming to enhance the overall resilience and regulatory compliance of financial institutions.
The Reserve Bank of India has established new Directions for Digital Payment Security Controls, reinforcing security measures and protocols for financial transactions in the banking sector.
The Reserve Bank of India has issued new directions regarding concurrent audits for commercial banks. These regulations are aimed at establishing better governance and oversight mechanisms within the banking sector.
The Reserve Bank of India has published the Compliance Function Directions for commercial banks, emphasizing governance, oversight roles, and compliance policy adherence. The guidelines aim to fortify the legal framework around banking operations.
The Reserve Bank of India has introduced comprehensive guidelines for the detection, reporting, and monitoring of Fake Indian Currency Notes (FICNs). Banks are required to follow these protocols to combat counterfeiting effectively.
The RBI has launched the 28th edition of its Handbook of Statistics, offering essential macroeconomic data crucial for researchers and policymakers.
The Government of India has initiated a buyback of dated securities through an auction for a total face value of ₹20,000 Crore, aimed at managing their outstanding liabilities.
In a recent announcement, the RBI revealed an upcoming auction of State Government Securities amounting to ₹26,850 Crore, enabling states to raise funds through market mechanisms.
The RBI has set out new directions for the internal audit function of commercial banks, emphasizing the importance of robust internal controls and governance.
The RBI has issued new directions governing concurrent audits in commercial banks, mandating stricter oversight and accountability measures for improved financial integrity.