RBI Releases Master Circular on SC/ST Credit Facilities
RBI consolidates guidelines for credit to SCs and STs, reinforcing priority sector lending norms and access to finance.
Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
RBI consolidates guidelines for credit to SCs and STs, reinforcing priority sector lending norms and access to finance.
RBI strengthens investor norms for Small Finance Banks, requiring prior approval and enhanced due diligence for share acquisitions.
RBI revises share acquisition norms for Payments Banks, reinforcing prior approval requirements and investor eligibility standards.
RBI amends directions on share acquisition in Local Area Banks, tightening eligibility and approval norms for promoters and substantial investors.
RBI removes amount thresholds for online submission of Form A2, allowing all remittances to be filed electronically, simplifying forex compliance for authorised dealers.
RBI mandates migration of Non-Resident Deposits Comprehensive Single Return (NRD-CSR) to the CIMS Sankalan portal, replacing XBRL submissions to streamline forex data collection.
The Reserve Bank of India (RBI) has issued a Master Direction on the use of note sorting machines, mandating operational, quality, and reporting standards for all banks to ensure currency fitness and integrity.
RBI has extended regulatory directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to The Industrial Co-operative Bank Ltd., Guwahati, until October 4, 2026.
RBI has issued final Amendment Directions simplifying the approval process for mutual funds, insurance companies, and pension funds acquiring major shareholdings in banking companies.
The Reserve Bank of India has appointed Sudhakar Malli as Executive Director effective October 1, 2026. Malli, a career central banker with over 30 years of experience, was previously Chief General Manager-in-Charge of the Department of Supervision.
The Madras High Court in TCRC v. Ganga Rudraiah ruled on ownership of BTS photos from 'Aval Appadithan', examining Section 17(b) and finding that prolonged acquiescence may imply consent, affecting copyright claims despite absence of written agreement.
The Delhi and Calcutta High Courts differ on whether non-use cancellation under Section 47 of the Trade Marks Act constitutes 'rectification' under Section 124. The divergence impacts whether infringement suits can be stayed pending trademark validity challenges.