Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The Reserve Bank of India has appointed Shri Gunveer Singh as Executive Director effective May 18, 2026. Previously, he served as Chief General Manager-in-Charge of Payment and Settlement Systems.
IIFL Finance Limited has been penalized ₹3.10 lakh by the RBI for non-compliance with its regulatory framework related to non-banking financial companies. This serves as a reminder of the need for strict adherence to regulations.
The Reserve Bank of India imposed a monetary penalty of ₹5.80 lakh on Appnit Technologies for failure to comply with KYC and PPI directions. This enforcement action highlights the importance of adherence to regulations.
New amendments from the RBI focus on Responsible Business Conduct for All India Financial Institutions, enhancing accountability and ethical practices within the sector.
The RBI has introduced amendments to the Credit Risk Management Directions for All India Financial Institutions. These amendments adjust the framework for managing credit risks in light of recent financial developments.
The RBI has confirmed the final redemption date and price for the Sovereign Gold Bond 2018-19 Series-I due on May 4, 2026, as per government notification.
The RBI has been updating the status of the ₹2000 banknote withdrawal, available until October 7, 2023. The latest announcement dated April 1, 2026, highlights the ongoing monitoring of this process.
The RBI has cancelled the licence of Sarvodaya Co-operative Bank, ensuring that 98% of depositors will be secured under the ₹5 lakh insurance limit. This decision underscores the RBI's commitment to safeguarding depositor interests.
The RBI has issued second amendment directions regarding credit risk management for Non-Banking Financial Companies (NBFCs), impacting their compliance and risk management protocols.
The RBI has introduced second amendment directions focusing on credit risk management for rural cooperative banks, aiming to reinforce financial oversight and management.
The RBI has released amended directions on the resolution of stressed assets for All India Financial Institutions to strengthen financial stability and mitigate risks associated with non-performing assets.
The RBI has released second amendment directions to enhance credit risk management standards for regional rural banks, ensuring their resilience against financial distress.