Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The Reserve Bank of India has released the second amendment directions for Priority Sector Lending, updating the targets and classifications significantly. This change will affect lending practices across various sectors.
The Madras High Court has dismissed a writ petition challenging the findings of the RBI Ombudsman concerning GST refunds, bank guarantee charges, and non-performing asset (NPA) classification. The court affirmed that the Ombudsman had addressed the grievances appropriately.
The Reserve Bank of India has enacted the Commercial Banks - Responsible Business Conduct Fourth Amendment Directions, 2026, focusing on the engagement of recovery agents to enhance consumer protections in the banking sector.
The Reserve Bank of India has established the Small Finance Banks - Responsible Business Conduct Fourth Amendment Directions, 2026, focusing on the responsibilities of recovery agents and enhancing consumer protection.
The Reserve Bank of India has issued the Local Area Banks - Responsible Business Conduct Fourth Amendment Directions, 2026, focusing on the conduct of recovery agents and the management of microfinance loans.
The Reserve Bank of India has enacted the Regional Rural Banks - Responsible Business Conduct Fourth Amendment Directions, 2026, which stipulate new guidelines for the engagement of recovery agents in the sector, reinforcing ethical practices.
The Reserve Bank of India has issued the Urban Co-operative Banks - Responsible Business Conduct Fourth Amendment Directions, 2026, focusing on the conduct of recovery agents to enhance consumer protection and regulatory compliance.
The Reserve Bank of India has implemented the Rural Co-operative Banks - Responsible Business Conduct Fourth Amendment Directions, 2026, which include updated guidelines for recovery practices. These revisions are aimed at enhancing the consumer protection framework within the banking sector.
The Reserve Bank of India has introduced the All India Financial Institutions - Responsible Business Conduct Third Amendment Directions, 2026, focusing on the responsibilities of recovery agents. These changes aim to enhance accountability in the operations of financial institutions.
The Reserve Bank of India has released the Non-Banking Financial Companies Third Amendment Directions, 2026, focusing on responsible lending conduct and the role of recovery agents. This amendment aims to establish strict compliance measures to protect consumers.
The Reserve Bank of India has issued the Housing Finance Companies Third Amendment Directions, 2026, which includes updated guidelines on the engagement of recovery agents. These revisions aim to streamline practices within housing finance establishments while reinforcing consumer protections.
The Reserve Bank of India has imposed monetary penalties on three firms, citing non-compliance with KYC and governance norms, with penalties ranging from ₹2.70 lakh to ₹5.40 lakh. This action underscores the RBI's strict regulatory oversight.