AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The RBI has introduced new directions on fraud risk management for commercial banks, mandating robust governance and oversight mechanisms.
The RBI has introduced new compliance directions for commercial banks, emphasizing governance, management roles, and compliance policy. This aims to enhance regulatory adherence.
The Reserve Bank of India has published draft guidelines for 'on tap' licensing of Urban Co-operative Banks, inviting public comments until September 5, 2026.
The Calcutta High Court ruled that an exclusive jurisdiction clause favoring UK courts does not nullify mandatory requirements under the Foreign Exchange Management Act (FEMA). This decision has implications for international transactions.
The RBI has announced new directions regarding statutory audits, focusing on governance, oversight, and the appointment of statutory auditors in commercial banks.
The RBI has issued directions to strengthen the internal audit functions of commercial banks, focusing on governance, effectiveness, and accountability.
New directions by the RBI elaborate on fraud risk management practices for commercial banks, providing essential guidance for minimizing fraud-related risks.
The Reserve Bank of India has issued new Directions concerning the compliance functions of commercial banks, emphasizing the roles of governance and oversight in financial institutions.
India has tightened legislative measures against exam fraud, introducing higher penalties and establishing special task forces to tackle paper leaks.
The Reserve Bank of India has extended the directives issued to The Pusad Urban Co-operative Bank Ltd. until August 7, 2026. This extension aims to ensure compliance with regulatory standards and safeguard depositors' interests.
This week's review covers major updates from the IP sector, including the Delhi HC's interim order in ANI v. OpenAI and various ongoing cases that impact copyright and consumer protection.
The Orissa High Court permitted a truck owner to deposit outstanding tax arrears and allowed for the consideration of penalty waiver under the Odisha MV Tax Act.
A parliamentary panel has recommended the statutory audit exemption for specific private companies, affecting compliance requirements.