AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
Amendment Directions, 2026, update the 2025 Master Direction for Small Finance Banks, mandating prior RBI approval for shareholdings of 5% or more. The framework enhances governance and financial stability safeguards.
RBI issues Amendment Directions, 2026, updating the framework for acquisition and holding of shares or voting rights in Local Area Banks. Prior approval is required for any stake exceeding 5%, aligning with prudential norms.
Successful public InvIT listings demand early assessment of structure, compliance, financial reporting, disclosures, and post-listing governance systems.
From November 1, 2026, SEBI mandates all stockbrokers to display investor awareness messages and risk disclosures on websites and trading apps under Project Jagrook.
The RBI issued final amendment directions to streamline approval for mutual funds, insurers, and pension funds acquiring major shareholding in banks. The move aims to ease compliance for institutional investors.
RBI’s fraud risk framework mandates individual inquiry and natural justice before labelling directors as fraudsters; automatic tagging invalid.
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 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.
Year-on-year non-food bank credit grew by 18.8% as of August 31, 2026, up sharply from 10.2% in the same period the previous year. The data reflects robust credit demand across key sectors.
J&K HC upholds Parliament’s power to extend Building and Other Construction Workers Cess Act to J&K; applies to post-2007 contracts.