Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The Calcutta High Court quashed the wilful defaulter notice issued to SREI, citing non-compliance with RBI master circulars regarding the issuance of such notices.
The Reserve Bank of India has introduced the Second Amendment Directions for Local Area Banks focusing on the resolution of stressed assets, improving compliance and operational integrity.
The Reserve Bank of India has introduced the Second Amendment Directions for Commercial Banks regarding Income Recognition, Asset Classification, and Provisioning, targeting enhanced financial practices.
The Reserve Bank of India has introduced the Third Amendment Directions for Non-Banking Financial Companies, focusing on Income Recognition, Asset Classification, and Provisioning to enhance financial management.
The Reserve Bank of India has issued the Second Amendment Directions concerning Income Recognition, Asset Classification, and Provisioning for All India Financial Institutions, aiming to strengthen financial practices.
The Reserve Bank of India has introduced the Second Amendment Directions for Regional Rural Banks focusing on Income Recognition, Asset Classification, and Provisioning. This highlights a significant regulatory update aimed at improving financial stability.
The Reserve Bank of India has amended the Income Recognition, Asset Classification and Provisioning guidelines for Local Area Banks. This amendment aims to enhance the financial stability and supervisory framework for these banks.
The RBI has introduced reporting measures for FCNR(B) deposits and External Commercial Borrowings as part of its strategy to enhance capital inflows amid current economic conditions.
The Reserve Bank of India has directed The Suri Friends’ Union Co-operative Bank Ltd. to adhere to banking regulations with an extension of existing directives. The orders, which relate to banking governance, will now be effective until January 22, 2026.
The Reserve Bank of India (RBI) has canceled the registrations of 135 non-banking financial companies (NBFCs) under Section 45-IA. This action reflects ongoing regulatory scrutiny and adherence to the 'SBR framework' for ensuring cooperative and healthy practices within the sector.
The Calcutta High Court quashed a show cause notice issued by Bank of Baroda, ruling that reliance on an inconclusive forensic audit report without further inquiry was unjustified.
The Reserve Bank of India has issued directives to Padmashri Dr. Vithalrao Vikhe Patil Co-operative Bank Ltd., mandating specific measures to address regulatory compliance.