Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The Kerala High Court upheld the practice of considering a parent's CIBIL score in education loan applications, reinforcing the current IBA and RBI framework.
The Central Consumer Protection Authority (CCPA) imposed a ₹1 lakh penalty on SpiceJet for utilizing pre-ticked consent boxes, classifying them as dark patterns that violate consumer rights. This reinforces the legal obligation for clear consent in consumer transactions.
Under India's Data Protection and Digital Privacy Act (DPDP), organizations are required to provide clear, specific, and updated privacy notices. This marks a shift from generic policies to dynamic communication reflecting actual data practices.
New guidelines from the RBI target Payments Banks emphasizing responsible business conduct and customer protection in electronic transactions, reshaping the risk landscape in financial services.
The RBI has issued directives for Local Area Banks to enhance customer protection and responsible banking conduct, addressing unauthorized electronic banking transactions.
New RBI guidelines for Regional Rural Banks sharpen focus on customer protection in electronic banking, crucial for ensuring trust and security in the banking landscape.
The RBI has released comprehensive directives for Urban Co-operative Banks, focusing on customer protection in electronic transactions to uphold responsible banking practices.
The RBI has consolidated instructions for Rural Co-operative Banks regarding customer protection in electronic transactions, underscoring responsible business practices in the banking sector.
The RBI has amended responsible business conduct for Payments Banks, enhancing security for customers against unauthorized transactions.
The RBI has announced amendments to responsible business conduct directions for Local Area Banks, enhancing customer protection measures.
The RBI has revised directions on responsible business conduct for Regional Rural Banks, emphasizing customer protection.
The RBI has amended responsible business conduct directions for Urban Co-operative Banks, focusing on customer protection measures.