Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
Infinity Fincorp Solutions Private Limited has been penalized ₹5.40 lakh by the RBI for violations related to KYC regulations and fair practice codes.
The Reserve Bank of India will conduct a Variable Rate Reverse Repo auction for ₹2,00,000 crore on August 10, 2026, as part of its liquidity management strategy.
The RBI has introduced a Dollar-Rupee Forex Swap Scheme aimed at supporting the foreign borrowings of Indian entities. This initiative is designed to stabilize the rupee and encourage foreign capital inflows.
The Madras High Court upheld the RBI Ombudsman's decisions regarding grievances related to GST refunds, bank charges, and NPA classifications. The court dismissed a writ petition challenging the Ombudsman's findings, affirming the procedural integrity of the Ombudsman’s process.
Utsav Securities Limited has been penalized ₹3.90 lakh by the RBI for governance and compliance issues related to credit information submissions. This reflects heightened regulatory vigilance in the sector.
Namdev Finvest Limited has been fined ₹2.70 lakh by the RBI for non-compliance with KYC guidelines. This penalty highlights ongoing regulatory scrutiny in the finance sector.
On August 10, 2026, the RBI will conduct a Variable Rate Reverse Repo auction with a notified amount of ₹200,000 Crore for a tenor of 7 days. This step aims to manage the evolving liquidity conditions in the economy.
The Reserve Bank of India (RBI) has issued draft directions aimed at revising exposure limits and establishing new norms for housing loans and credit rules effective from April 1, 2027.
The Reserve Bank of India (RBI) has issued draft amendments to its NBFC Credit Facilities that propose restrictions on revolving credit products, allowing such products only for authorized credit card issuers. Public comments are invited.
The Reserve Bank of India (RBI) has officially excluded advances against specified FCNR(B) and NRE deposits from the Adjusted Net Bank Credit (ANBC) calculations for priority sector lending targets. This change is effective immediately.
The RBI has issued Fourth Amendment Directions for Commercial Banks regarding recovery agent engagement practices, emphasizing responsible conduct.
The RBI has updated its guidelines for Small Finance Banks (SFBs) regarding the engagement of recovery agents. This move is aimed at enhancing responsible business conduct.