AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The Reserve Bank of India conducted an Overnight Variable Rate Reverse Repo auction, accepting ₹53,845 crore at a cut-off rate of 5.24%. This transaction reflects efforts to manage liquidity in the financial system.
The Kerala High Court dismissed a review petition after the petitioners did not pursue the relief sought during the hearing process.
The RBI has issued draft directions concerning concentration risk and credit facility amendments for Regional Cooperative Banks (RCBs), proposing revised exposure limits and credit norms.
The Reserve Bank of India has introduced a new scheme for FCNR(B) deposits, offering higher interest rates for Non-Resident Indians (NRIs) via a concessional forex swap.
The article outlines critical timelines, LSF requirements, and common errors in the FC-GPR reporting process under FEMA regulations. It serves as a guide for practitioners to ensure compliance and accurate submissions.
An authoritative guide has been published on the SCORES registration process for SEBI intermediaries, detailing compliance obligations and timelines for handling complaints.
The RBI has notified the assignment of Lead Bank Responsibility following the formation of five new districts in Ladakh. This announcement is crucial for ensuring efficient banking operations and development in these newly established regions.
The RBI has confirmed the redemption price for the premature redemption of Sovereign Gold Bonds from the 2019-20 and 2020-21 series, effective August 11, 2026. Eligibility conditions apply under the scheme.
The Reserve Bank of India's 3-day Variable Rate Reverse Repo auction on August 11 attracted ₹42,560 crore in offers, with a cutoff rate of 5.24%. The total accepted amount matched the received bids.
The Reserve Bank of India will conduct a Variable Rate Reverse Repo auction on August 11, 2026, with a notified amount of ₹1,25,000 crore and a tenor of 3 days. The auction aims to manage current liquidity conditions in the financial market.
The Punjab and Haryana High Court has permitted a GST accused to travel internationally, highlighting that the apprehension of flight risk was insufficient to deny the right to travel. The decision emphasizes the balance between personal rights and ongoing GST prosecutions.
The GST limitation periods outline key timelines for issuance of Show Cause Notices (SCNs) and order deadlines under Sections 73, 74, and 74A. The retention period for records has also been clarified, allowing practitioners to navigate compliance requirements effectively.
The latest regulations confirm that there will be no user charges on UPI payments, maintaining its status as one of the most successful real-time payment systems in the world.