Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
FeaturedOn October 19, 2026, the RBI issued directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949, restricting operations of Puducherry Co-operative Urban Bank Ltd effective October 21. The bank is prohibited from making or receiving payments above prescribed limits, signaling regulatory intervention due to financial instability.
FeaturedOn October 22, 2026, the RBI rejected all bids in the 91-day, 182-day, and 364-day Treasury Bill auctions, accepting NIL amounts despite notified issues of ₹23,000 crore. The cut-off prices and yields remained unannounced, signaling a rare market disruption likely due to liquidity stress or policy positioning ahead of monetary committee outcomes.
FeaturedThe Reserve Bank of India has issued directions to financial institutions for immediate implementation of amendments to the UNSC 1267/1989 ISIL (Da'esh) & Al-Qaida sanctions list under Section 51A of the UAPA, 1967, requiring freezing of assets of three individuals.
FeaturedRBI mandates regulated entities to implement amendments to three UNSC sanctions entries under Section 51A of UAPA, requiring immediate compliance.
FeaturedMultiple amendments to Prudential Norms on Capital Adequacy have been issued for Commercial, Small Finance, and Payments Banks, harmonising requirements for legal opinions and valuation adjustments with international standards.
FeaturedRBI restricts non-deliverable INR derivatives to hedging purposes and imposes 20% foreign exchange risk reserve on specified contracts.
FeaturedThe RBI approved the amalgamation of Indian branches of Emirates NBD Bank P.J.S.C. into RBL Bank Ltd., effective December 1, 2026, under Section 44A(4) of the Banking Regulation Act, 1949.
FeaturedRBI limits non-deliverable INR derivatives for non-residents to hedging; mandates 20% FX risk reserve on specified contracts.
FeaturedRBI updates import payment rules effective 1 October 2026, including IDPMS closure limit, advance payments, guarantees, GST, and TDS compliance.
FeaturedThe RBI issued multiple amendment directions in October 2026 to align capital adequacy norms for Commercial Banks, Small Finance Banks, Payments Banks, and AIFIs with international standards, including relaxed legal opinion requirements for clearing members.
The Reserve Bank of India has approved the amalgamation of Indian branches of Emirates NBD Bank P.J.S.C. with RBL Bank Limited, effective December 1, 2026. The sanction was granted under Section 44A(4) of the Banking Regulation Act, 1949.
FeaturedMultiple prudential directions for commercial, small finance, payments banks, and AIFIs updated to align with international standards on legal opinions and valuation adjustments.