Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The RBI has issued draft Amendment Directions for improving efficiency and transparency in securitisation transactions, inviting public comments. This initiative reflects the RBI's ongoing efforts to enhance the liquidity of financial markets.
RBI's new reclassification of Non-Banking Financial Companies (NBFCs) outlines Type I and II criteria, defines public funds, and introduces conditions for deregistration. The phased implementation through PRAVAAH is set for July 2026.
The Reserve Bank of India has published Second Amendment Directions for Commercial Banks, enhancing protocols for income recognition, asset classification, and provisioning.
The Reserve Bank of India has enacted the Second Amendment Directions to improve income recognition, asset classification, and provisioning protocols for Small Finance Banks.
The Reserve Bank of India issues Third Amendment Directions regarding income recognition, asset classification, and provisioning for Non-Banking Financial Companies (NBFCs) to bolster financial stability.
The Reserve Bank of India has introduced Second Amendment Directions for All India Financial Institutions, focusing on income recognition, asset classification, and provisioning protocols.
The Reserve Bank of India has enacted the Third Amendment Directions focusing on income recognition, asset classification, and provisioning for Rural Co-operative Banks. These changes reflect the commitment to strengthen the banking infrastructure.
The Reserve Bank of India has amended directions related to income recognition, asset classification, and provisioning for Local Area Banks. These changes are crucial for maintaining financial stability in the banking sector.
The Supreme Court ruled that the moratorium against corporate and personal guarantors under the IBC does not prevent recovery proceedings against a principal borrower not undergoing insolvency proceedings.
The Kerala High Court upheld Union Bank's rights under the SARFAESI Act, ruling that an attachment following an equitable mortgage was ineffective and ordered the removal of the said attachment.
The RBI has published second amendment directions for Local Area Banks focusing on the resolution of stressed assets, which will assist banks in effective asset management.
The Reserve Bank of India has introduced second amendment directions for commercial banks to enhance their income recognition and asset classification norms.