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 its money market operations data as of August 06, 2026. This report indicates critical liquidity trends within the Indian financial market.
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.
The Calcutta High Court has denied Trinamool Congress MP Abhishek Banerjee's request to travel abroad for eye treatment, citing ongoing criminal cases against him. The court's decision emphasizes its role in ensuring justice in such matters.
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.
On August 6, 2026, the Reserve Bank of India conducted a Variable Rate Reverse Repo auction for ₹1,50,000 crore. The total amount accepted was ₹1,30,286 crore, with a cut-off rate of 5.24%.
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 Delhi High Court allowed an exporter to rectify discrepancies in GST returns, ruling that technical limitations of the portal should not hinder necessary corrections. This ruling has implications for compliance in tax reporting.