Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The Reserve Bank of India has published the Compliance Function Directions for commercial banks, emphasizing governance, oversight roles, and compliance policy adherence. The guidelines aim to fortify the legal framework around banking operations.
The IRDAI has officially notified the Manner and Procedure for Imposing Penalties Regulations, 2026, outlining the processes for penalty proceedings, hearings, and appeals.
The Finance Ministry has published a draft for the Indian Insurance Companies Inquiry, Adjudication and Appeal Rules, 2026, inviting objections within a 30-day period. This regulatory initiative aims to streamline inquiry and adjudication processes concerning insurance companies.
The RBI has launched the 28th edition of its Handbook of Statistics, offering essential macroeconomic data crucial for researchers and policymakers.
The Government of India has initiated a buyback of dated securities through an auction for a total face value of ₹20,000 Crore, aimed at managing their outstanding liabilities.
In a recent announcement, the RBI revealed an upcoming auction of State Government Securities amounting to ₹26,850 Crore, enabling states to raise funds through market mechanisms.
NCLT Delhi ruled that a suspended director lacks standing to seek removal of the Resolution Professional post-Committee of Creditors approval. The decision emphasizes respect for approved processes.
The RBI has set out new directions for the internal audit function of commercial banks, emphasizing the importance of robust internal controls and governance.
The RBI has issued new directions governing concurrent audits in commercial banks, mandating stricter oversight and accountability measures for improved financial integrity.
The Reserve Bank of India has issued a circular on the implementation of Section 51A of UAPA, 1967 related to amendments in the UNSC 1988 (2011) Taliban sanctions list. This directive emphasizes compliance among financial institutions to adhere to international sanction frameworks.
The Reserve Bank of India has scheduled an auction for Treasury Bills, including prominent maturities set for August 2026, aimed at meeting government financing needs.
The Government of India has declared a buyback of dated securities amounting to ₹20,000 crore. This initiative aims to manage debt more effectively and stabilize market conditions.