Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
On October 19, 2026, the Reserve Bank of India conducted a 7-day Variable Rate Repo (VRR) auction under the Liquidity Adjustment Facility, allotting ₹1,00,014 crore at a weighted average rate of 5.52%. The cutoff rate was set at 5.51%, with partial allotment at 56.04% for bids at the cutoff.
RBI amends deferment of option premium provisions under Commercial Banks (Miscellaneous) Directions, 2025. Changes follow issuance of forthcoming instructions on capital requirements.
RBI relaxes rules for cancellation and rebooking of forex derivative contracts. AD banks now have revised operational flexibility under updated risk management guidelines.
Preliminary BoP data for August 2026 shows current account deficit at $5.2 billion, worsening from $6.1 billion in August 2025. April-August deficit reaches $18.3 billion.
The RBI amended the methodology for minimum capital requirements for counterparty credit risk in commercial banks to align with evolving international standards, effective October 7, 2026.
The RBI now permits scheduled banks to maintain daily CRR at no less than 90% of requirement, subject to average fortnightly compliance, enhancing operational flexibility while ensuring liquidity stability.
The RBI has updated its foreign exchange risk reserve requirements under the Risk Management and Inter-Bank Dealings framework to strengthen market stability amid evolving forex conditions.
The Reserve Bank of India has revised guidelines on cancellation and rebooking of foreign exchange derivative contracts to prevent round-tripping and ensure market integrity. Authorised Dealers must now comply with enhanced documentation and reporting mandates.
SEBI replaces Mutual Fund advertising rules with the Common Advertisement Code under Intermediaries Regulations.
SEBI updates AIF Regulations to include securities market exposure criteria for accredited investors and enhances dispute resolution mechanisms.
On October 16, 2026, the RBI issued a set of Frequently Asked Questions (FAQs) clarifying the Foreign Exchange Risk Reserve (FERR) requirements introduced via AP(DIR Series) Circulars No. 26 and 27 dated October 10 and 12, 2026.
FEMA 1999 regulates foreign exchange in India, empowering RBI to frame rules on capital and current account transactions, with penalties up to thrice the sum involved.