AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The Reserve Bank of India has invited stakeholder feedback on draft amendment directions regarding credit facilities for non-banking financial companies (NBFCs). Comments are sought by August 28, 2026.
The Reserve Bank of India has released draft guidelines for an on-tap licensing framework for Urban Co-operative Banks, inviting public feedback until September 5, 2026. This framework aims to streamline the licensing process and enhance the operational framework of these banks.
SEBI has clarified that private sales of unlisted shares to identified non-QIB investors are permissible within the limit of 200 persons, ensuring compliance with regulatory provisions.
The RBI has released directives on statutory audits for commercial banks, looking to enhance oversight and governance in audit processes.
The RBI has published new directives related to the internal audit function in commercial banks, underscoring the importance of governance and compliance oversight.
The RBI has introduced new directions on fraud risk management for commercial banks, mandating robust governance and oversight mechanisms.
The RBI has introduced new compliance directions for commercial banks, emphasizing governance, management roles, and compliance policy. This aims to enhance regulatory adherence.
The Reserve Bank of India has published draft guidelines for 'on tap' licensing of Urban Co-operative Banks, inviting public comments until September 5, 2026.
The Calcutta High Court ruled that an exclusive jurisdiction clause favoring UK courts does not nullify mandatory requirements under the Foreign Exchange Management Act (FEMA). This decision has implications for international transactions.
The RBI has announced new directions regarding statutory audits, focusing on governance, oversight, and the appointment of statutory auditors in commercial banks.
The RBI has issued directions to strengthen the internal audit functions of commercial banks, focusing on governance, effectiveness, and accountability.
New directions by the RBI elaborate on fraud risk management practices for commercial banks, providing essential guidance for minimizing fraud-related risks.
The Reserve Bank of India has issued new Directions concerning the compliance functions of commercial banks, emphasizing the roles of governance and oversight in financial institutions.