Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The RBI issued the Third Amendment Directions, 2026, modifying the interest rate framework for Commercial Banks by temporarily lifting deposit rate ceilings.
The Reserve Bank of India has published the Third Amendment Directions, 2026 for Small Finance Banks, lifting prior interest rate restrictions on new deposit accounts.
The RBI has introduced the Third Amendment Directions, 2026, eliminating previous interest rate ceilings for Local Area Banks on new deposits to enhance their competitive positioning.
The RBI has published the Third Amendment Directions, 2026 regarding interest rates applicable to Regional Rural Banks, temporarily lifting the interest rate ceilings on new deposits.
The RBI issued the Third Amendment Directions, 2026, which modifies the interest rate guidelines for urban co-operative banks. This update includes the suspension of previous interest rate ceilings on new deposits.
The Reserve Bank of India announced the Second Amendment Directions, 2026 regarding interest rates on deposits for rural co-operative banks. The amendments primarily focus on the temporary withdrawal of interest rate ceilings for fresh deposits.
The Calcutta High Court has quashed the classification of a Cash Credit (CC) account as a non-performing asset (NPA), ruling it did not meet the RBI's 90-day overdue criteria. This judgment reinforces the importance of adherence to prescribed guidelines in asset classification.
The RBI has released amendments to the Priority Sector Lending Directions, enhancing targets and classifications for financing. This reflects a strategic focus on boosting sectors pivotal for economic growth.
The Reserve Bank of India has imposed penalties ranging from ₹1 lakh to ₹2.5 lakh on multiple co-operative banks in Karnataka for non-compliance with prescribed banking regulations.
The Reserve Bank of India (RBI) has issued a notification regarding amendments to 21 entries under Section 51A of the UAPA, 1967, in compliance with updates from the UNSC’s 1267/1989 ISIL (Da'esh) and Al-Qaida sanctions list. This amendment is crucial for financial institutions in ensuring compliance with international sanctions.
The RBI has announced amendments to the UNSC’s sanctions list under Section 51A of UAPA, impacting financial institutions. Banks and financial entities should ensure compliance with these updates.
The NCLAT upheld that a clerical rectification does not restart the limitation period for IBC appeals, confirming that existing disputes are subject to prior limitation constraints.