Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The Reserve Bank of India has issued the Fourth Amendment to the Responsible Business Conduct Directions for Small Finance Banks, focusing on revised guidelines for recovery agents.
The Reserve Bank of India has introduced the Fourth Amendment to Responsible Business Conduct Directions for Local Area Banks, detailing new protocols for recovery agents.
The Reserve Bank of India has announced the Fourth Amendment to its Responsible Business Conduct Directions for Regional Rural Banks, focusing on the engagement practices of recovery agents.
The Reserve Bank of India has promulgated the Fourth Amendment regarding Responsible Business Conduct for Urban Co-operative Banks, which includes revised guidelines on recovery agents.
The Reserve Bank of India has issued its Fourth Amendment concerning the Responsible Business Conduct for Rural Co-operative Banks, focusing on the engagement of recovery agents.
The Reserve Bank of India has introduced the Third Amendment to the Responsible Business Conduct Directions for All India Financial Institutions, updating guidelines related to recovery agent operations.
The Reserve Bank of India has issued its Third Amendment Directions for Non-Banking Financial Companies (NBFCs), focusing on responsible business conduct with regards to the hiring of recovery agents.
The Reserve Bank of India has promulgated the Third Amendment to the Directions concerning Housing Finance Companies, refining the guidelines on hiring recovery agents. The revised Fair Practices Code aims to improve consumer protection.
The Reserve Bank of India has released the Second Amendment to its Directions on Priority Sector Lending, indicating adjustments to targets and classifications. This amendment relates to the import and export of foreign currency and its implications on the financial sector.
The RBI is seeking public feedback on proposed amendments to its Capital Adequacy Directions, focusing on the Leverage Ratio Framework. This is part of ongoing efforts to align with global financial standards.
The RBI is inviting public comments on the draft Directions regarding Credit Valuation Adjustment (CVA) Framework, aiming to enhance risk management protocols in the derivatives market.
The RBI has imposed a penalty of ₹5.40 lakh on Infinity Fincorp Solutions for violating KYC norms as per its regulatory framework. The penalty reflects the regulatory authority's stringent compliance expectations.