Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The RBI's Monetary Policy Committee has decided to retain the repo rate at 5.25%, citing global conflicts and rising inflation risks as concerns. Further clarity is needed before policy adjustments.
The IBBI has issued standardized formats for various insolvency procedures involving personal guarantors, enhancing transparency and consistency in bankruptcy processes.
The RBI has amended FEMA regulations to replace references to the NCLT with ‘Competent Authority’, simplifying the approval process for cross-border mergers. This change is expected to expedite transactions and enhance regulatory clarity.
The Reserve Bank of India has introduced amendments to facilitate foreign investors' participation in Indian government bonds, making the debt market more attractive. This development is expected to enhance long-term investment opportunities.
The Reserve Bank of India has amended the guidelines for income recognition, asset classification, and provisioning for All India Financial Institutions, aimed at improving asset management practices.
The Reserve Bank of India has published new directions regarding the conduct of government business by Agency Banks, emphasizing the payment of agency commission and oversight measures. These guidelines set forth essential regulations for the appointment and operational guidelines of Agency Banks.
The RBI has sanctioned the voluntary amalgamation of The Bhavani Sahakari Bank Ltd. with TJSB Sahakari Bank Ltd., effective May 4, 2026. This is significant for regional banking operations.
The Reserve Bank of India has published its 46th Half-Yearly Report on the management of foreign exchange reserves, enhancing transparency and disclosure in this vital area.
The RBI has issued draft amendments aimed at providing banks greater flexibility in pricing bulk deposits while ensuring transparency in interest disclosures. Stakeholders are invited to comment by June 20, 2026.
Indian travelers can now make payments in Cambodia using UPI apps following its connection with the KHQR network, marking a significant enhancement in India's cross-border payment capabilities.
The RBI has imposed a monetary penalty on Canara Bank for non-compliance with KYC regulations and guidelines on unclaimed deposits. This underscores the importance of regulatory adherence in banking.
The NCLAT has ruled that a ₹74.49 lakh transaction was fraudulent under insolvency law but rejected a Section 66 application due to procedural bars against non-management parties. This highlights the tribunal's rigorous stance on fraudulent transactions during insolvency.