Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The Reserve Bank of India has issued the Second Amendment Directions for interest rates applicable to rural co-operative banks, temporarily withdrawing the interest rate ceiling on new deposits. This change aims to enhance liquidity and attract more deposits into the sector.
The RBI has amended directions for several bank categories, shortening the temporary deposit interest rate relaxation period for FCNR(B) and NRE deposits to August 31, 2026. This change affects multiple banking landscapes.
The Government of India has announced a buyback of its dated securities through auction for an aggregate amount of ₹30,000 Crore. The move is aimed at managing government debt effectively.
The Reserve Bank of India has issued directives under Section 35 A of the Banking Regulation Act, 1949, to Ashok Sahakari Bank Ltd., restricting certain activities to ensure financial stability.
The Reserve Bank of India will conduct a 15-day Variable Rate Reverse Repo (VRRR) auction on August 31, 2026, with a notified amount of ₹6,00,000 Crore. This measure is part of its liquidity management strategy.
The Reserve Bank of India has issued directives to Ashok Sahakari Bank Ltd. under the Banking Regulation Act, restricting certain bank operations.
The Reserve Bank of India (RBI) has announced the exclusion of eligible Foreign Currency Non-Resident (FCNR(B)) and Non-Resident External (NRE) funded advances from the Adjusted Net Bank Credit (ANBC) calculation for Priority Sector Lending (PSL) targets, introducing specific deposit period conditions.
The RBI's Fourth Amendment Directions focus on CRR and SLR for small finance banks, offering critical exemptions.
The RBI introduces Fourth Amendment Directions addressing CRR and SLR requirements for regional rural banks, enabling essential exemptions.
The RBI has issued the Fourth Amendment Directions regarding CRR and SLR for urban co-operative banks, enabling necessary exemptions.
The RBI has released the Fourth Amendment Directions regarding Cash Reserve Ratio and Statutory Liquidity Ratio for rural co-operative banks, offering necessary exemptions.
The RBI's Third Amendment Directions facilitate adjustments to interest rates on deposits for commercial banks, fostering competitive deposit offerings.