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Guidelines for selection of MD and CEO in public sector banks approved(20.08.2015)

The guidelines on selection of Managing Directors and Chief Executive Officers in public sector banks, other than the five large public sector banks, .....

Tags : Bank, management, selection, board

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Statute

Voting rights to be given to enclave dwellers(08.02.2016)

Whereas India and Bangladesh executed an enclave exchange last year, the Indian government is preparing to grant voting rights to former enclave dwell.....

Tags : Bill, land enclave, Bangladesh, voting rights

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Judgments

No necessity for complaint to aver actual date of service of notice against dishonoured cheque(17.08.2015)

If the complaint contains the date of issuance of registered notice, merely not containing the date of receipt of information from the bank regarding .....

Tags : Banking, cheque, date of service, notice

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Government ban on crude palm oil imports through Kerala ports in public interest(21.08.2015)

The Supreme Court held that there existed “sufficient public good” in banning the import of crude palm oil through ports in Kerala. The government had.....

Tags : Import ban, validity, constitutionality, palm oil

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Government of India cannot raise a dispute with a foreign government qua the private claim of its citizens(08.11.2016)

Instant Appeal is preferred against order of Single Judge dismissing writ petition by order holding that, merely because Government of India, on a rep.....

Tags : Foreign Bank, Amount, Release

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A bidder who, submits a bid being fully aware of tender conditions, cannot after award of tender, seek a modification therein(16.03.2017)

Petitioner impugns the directions of Respondent in banning Petitioner for a period of three years from entering into any business dealings with Respon.....

Tags : Directions, Ban, Validity

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Merits and the terms of contract are irrelevant for invoking of the bank guarantees(15.11.2017)

The Petitioner has filed present petition under Section 9 of the Arbitration and Conciliation (Amendment) Act, 2015 with a prayer that, Respondents be.....

Tags : Bank guarantee, Encashment

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Credit co-operative society providing credit etc. to its members cannot be treated as a ‘co-operative bank’ carrying on banking activities(27.11.2017)

The Assessee, in the present case, is a credit co-operative society who provided credit/loan facilities to its members and accepted deposits from them.....

Tags : Credit Cooperative Society; Cooperative Bank, Deduction

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A decision founded on an unclear report without any deliberation is manifestly arbitrary.(22.02.2019)

The Petitioners have filed the present petitions impugning Notification no. S.O. 4479(E) issued by the Central Government under Section 26A of the Dru.....

Tags : Notification, Manufacture, Ban

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Beneficiary is entitled to realize a Bank Guarantee in terms thereof irrespective of any pending dispute relating to the terms of the contract(20.12.2019)

In the 'Corporate Insolvency Resolution Process' of Vishwa Infrastructures and Services Private Limited, the Appellant - 'Thermax Limited' (Operationa.....

Tags : Bank Guarantee, Encashment

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A person deprived of using legitimately entitled money has a right to be compensated for the deprivation by way of interest, compensation or damages(26.12.2019)

The Review Petitioner, Power Grid Corporation of India Ltd., has filed the present Review Petition under Section 94 of the Electricity Act, 2003 read .....

Tags : Refund, Bank Guarantee, Direction

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Invocation of a bank guarantee cannot be injuncted merely on ground that disputes are pending between the parties(08.02.2021)

The Petitioner has filed the present petition under Section 9 of the Arbitration and Conciliation Act, 1996 ( A&C Act), praying that direction be issu.....

Tags : Bank guarantee, Encashment, Injunction

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Court has discretion to insist on a Bank Guarantee from any specific bank or class of banks to safeguard the interest of beneficiary of Bank Guarantee(24.08.2021)

Present appeals are against a judgment passed by the High Court, dismissing the Appeal filed by the Appellant under Section 37 of the Arbitration and .....

Tags : Bank Guarantee, Replacement, Direction

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Disciplinary proceeding initiated prior to the retirement of a bank employee would continue even after his retirement(28.03.2022)

In facts of present case, the Petitioner who was lastly working as Senior Branch Manager with the Respondent-Bank, has retired on 31 May 2013 on attai.....

Tags : Retirement, Disciplinary Proceedings, Bank Employee

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Application under Section 7 of the IBC is filed only when the right to apply against default accrues and for every default, there is a fresh period of limitation(24.05.2023)

The present appeal has been filed under Section 61 of the Insolvency & Bankruptcy Code, 2016 (IBC) against the 'impugned order' passed by the 'Adjudic.....

Tags : Period of Limitation, Insolvency and Bankruptcy Code

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Decision taken by the Government in relation to the economic policies is not ordinarily interfered by the Courts unless arbitrary(29.05.2023)

The instant writ petition under Article 226 of the Constitution of India has been filed by the Petitioner as a Public Interest Litigation (PIL) seekin.....

Tags : RBI Notification, Banknotes, Exchange

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SARFAESI Act is applicable to Cooperative Banks(05.05.2020)

In present case, the question relates to the scope of the legislative field covered by Entry 45 of List I viz. ‘Banking’ and Entry 32 of List II of th.....

Tags : SARFAESI Act, Co-operative banks, Applicability

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Unless there is fraud of beneficiary or irretrievable harm or injury, Courts are not to interfere with encashment of Bank Guarantees(02.09.2016)

Appellant No. 1 a Joint Venture Company formed for specific purpose of constituting, commissioning and operating Kochi-Coimbatore-Erode-Salem LPG Pipe.....

Tags : Bank guarantee, Encashment, Delay, Financial Closure

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Prospectus is a complete code in itself, candidates seeking admission under the Prospects are bound by the terms contained therein(20.09.2017)

In facts of present case, Department of Medical Education and Research, issued a Prospectus-cum-Application Form for admission to the Postgraduate Deg.....

Tags : Bank Guarantee, Condition, Legality

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Invocation of bank guarantee restricted only for fraud and irretrievable injustice(02.11.2015)

The Delhi High Court allowed an appeal against an order restraining the encashment of a bank guarantee by the Appellant. It noted that as per preceden.....

Tags : Bank guarantee, prejudice, future success

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Ban on ‘sardar jokes’ gains another proponent(11.04.2016)

Calls for ban on ‘sardar jokes’, gained support with the Shiromani Gurudwara Prabhandak Committee joining the fight for curtailing jokes that portray.....

Tags : Sardar joke, ban, internet

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Blast from the Past

Winding a fine line between ‘public interest’ and interest(02.08.2004)

Tobacco advertising occupies a grey area in the debate on moral policing. On the one hand is consumer will and freedom to consume a legal substance, o.....

Tags : Pan masala, public interest, ban, state

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Winding a fine line between ‘public interest’ and interest(02.08.2004)

Tobacco advertising occupies a grey area in the debate on moral policing. On the one hand is consumer will and freedom to consume a legal substance, o.....

Tags : Pan masala, public interest, ban, state

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Their right to be loud and your duty to hear(05.03.1974)

Public authorities have a torrid time explaining why loudspeakers are allowed to be used or why sometimes they are not. Permit a screeching amplifier .....

Tags : public nuisance, loudspeaker, ban, kerala

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Disclosure of bank’s business dissuades “window-dressing”, in public interest(28.06.2016)

“Any action that results in dissuading commercial entities from indulging in practices such as window-dressing would be in larger public interest”, th.....

Tags : rti, exemption, bank, business mix, public interest

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Saving the Brahmachari from wonting the vamp(05.04.1991)

The ban on women entering the ‘Sabarimala’ faces agitation again, but favourable or un-, lifted or not, the outcome will point to the current leanings.....

Tags : Sabarimala, ban, women, kerala

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Banks’ implied duty of secrecy to its customers(25.01.2016)

The United Kingdom Court of Appeal in 1923 determined that the duty of confidentiality owed by a bank to its clients was not absolute. Rather, it was .....

Tags : Banker, duty to confidentiality, qualifications

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International Cases

HMRC gets payday on bankers’ bonuses(09.03.2016)

Hearing a case that ties together the two bugbears of today’s commercial world - executives’ bonuses and offshore companies - the British Supreme Cour.....

Tags : bankers, bonus, purposive approach

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Court is empowered to grant leave to a disqualified person to manage a corporation(04.12.2018)

By originating process lodged 17 September 2018 the plaintiff seeks leave of the court under s 206G of the Corporations Act, 2001 to be a director of .....

Tags : Bankrupt, Act as director, application

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Once a guarantee is valid on the face of it, the contractual obligation of the bank is to pay the nominated beneficiary, if the conditions are met(30.12.2022)

In present case, the High Court dismissed the application brought by the liquidators of the Appellant, Cape Concentrate (Pty) Ltd. to set aside, as a .....

Tags : Payment, Demand, Bank guarantees

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There is no unjustified discrimination, when detained patients are compared with general public at liberty(11.04.2017)

In instant case, challenge by application for judicial review is to legality of comprehensive ban on smoking at State Hospital at Carstairs which Stat.....

Tags : Smoking, Ban, Legality

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A statutory provision does not bind the Crown save by express words or “necessary implication”(19.12.2017)

The issue in present case is whether the Crown is bound by the prohibition of smoking in most enclosed public places and workplaces, contained in Chap.....

Tags : Smoking, Ban, Provision

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Japanese whalers hunt over 200 pregnant whales for ‘science’(04.04.2016)

Japanese fishermen’s haul of whales from their recent expedition in the Antarctic was met with an unsurprisingly apoplectic reaction from neighbouring.....

Tags : japan, whaling, scientific research, ban

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Top Story

Supreme Court upholds Kerala’s selective alcohol restrictions(29.12.2015)

The Supreme Court batted away claims of discrimination between variously ‘starred’ hotels to dismiss a challenge against the Kerala government’s moves.....

Tags : kerala, alcohol ban, five star hotels

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No Sale of Fire Crackers in Delhi-NCR with immediate effect: Supreme Court(25.11.2016)

In an unprecedented move, the Supreme Court has ordered complete ban on the sale of fire crackers in Delhi and National capital region. The Order came.....

Tags : Ban, Crackers, Sale

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NGT bans open burning of waste across the country(23.12.2016)

In a significant move towards a cleaner environment, the National Green Tribunal has directed that there shall be complete prohibition on open burning.....

Tags : Ban, Waste, Open burning

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Union cabinet decides to prohibit the use of red beacon light(19.04.2017)

In a bid to curb VIP culture from country, Union Cabinet issued a Notification to ban use of red beacon by VIPs from May 1. However, President, Vice-.....

Tags : Decision, Red beacon, Ban

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RBI issues direction limiting customer liability in online banking(06.07.2017)

RBI has issued direction limiting liability of customers due to recent increase in customer grievances related to unauthorised transactions. Direction.....

Tags : Limited liability, Online Banking, Directions

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Supreme Court Bans Four Toxic Chemicals from Crackers(31.07.2017)

Supreme Court has prohibited use of five chemicals, labelled them as toxic by Central Pollution Control Board (CPCB), in manufacture of firecrackers. .....

Tags : Crackers, Chemical, Ban

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Government signs Global Environment Facility (GEF) Grant Agreement with the World Bank(16.08.2017)

The Government of India and the World Bank has signed a US dollar 24.64 million grant from the Global Environment Facility (GEF) in order to improve e.....

Tags : World Bank, Grant, Ecosystem, Improvement

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Supreme Court bans sale of crackers in Delhi/NCR for testing the effect of the ban on air quality after Diwali(09.10.2017)

The Supreme Court has upheld its earlier verdict banning sale of firecrackers in the Delhi-NCR region ahead of Diwali in order to keep a check on the .....

Tags : Air Pollution, Cracker, Ban

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PM launches India Post Payments Bank(01.09.2018)

The Prime Minister launched the India Post Payments Bank (IPPB). The initiative would enable banking services to reach the remotest places in the coun.....

Tags : Banking services, IPPB, Launch

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Central Government approves recapitalisation of Export-Import Bank of India(16.01.2019)

The Union Cabinet, chaired by the Prime Minister has approved the recapitalization of EXIM Bank. Recapitalization Bonds by Government of India to the.....

Tags : Recapitalisation, Exim bank, Approval

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Parliament passes ‘National Bank for Financing Infrastructure and Development Bill, 2021’(23.03.2021)

Parliament passes “National Bank for Financing Infrastructure and Development Bill, 2021” (NBFID Bill) to establish a National Bank for Financing Infr.....

Tags : National bank, Financial Infrastructure, Bill

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Insolvency and Bankruptcy Bill, 2015(09.11.2015)

The Ministry of Finance has placed the draft Insolvency and Bankruptcy Bill, 2015 on its website and is receiving comments on it till 19 November 2015.....

Tags : Bankruptcy, insolvency, draft, bill, 2015, report

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Officers of private bank punishable under POCA(23.02.2016)

Officers of a private bank, specifically its Chairman, Directors and other Officers are ‘public servants’ who can be prosecuted under the Prevention o.....

Tags : Prevention of corruption, bankers, public duty

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Notifications & Circulars

Advance against pledge of gold ornaments and jewellery(15.10.2015)

Reserve Bank of India has extended its policy standardising the valuation of gold jewellery presented towards security or collateral to cooperative ba.....

Tags : Valuation, gold, ornaments, jewllery, cooperative bank

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Revised Guidelines for the Financial Inclusion Fund(15.10.2015)

In light of the merging of the Financial Inclusion Fund and the Financial Inclusion Technology Fund to form the FIF as it exists today, the Reserve Ba.....

Tags : Bank, financial inclusion guidelines, fund

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Health Ministry permits transfer of blood between Blood Banks(19.10.2015)

To utilise its blood banks better and reduce scarcity, the Ministry of Health and Family Welfare has permitted transfer of blood from one bank to anot.....

Tags : Health, blood, bank, transfer, plasma

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RBI signs MoU on "Supervisory Cooperation and Exchange of Supervisory Information" with the Central Bank of UAE(19.10.2015)

Reserve Bank of India signed a Memorandum of Understanding with the Central Bank of UAE. The agreement is hoped to increase supervisory co-operation b.....

Tags : Rbi, central bank, uae, cooperation

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Amendment to exemption on certain taxable services from service tax under Section 66B of the Finance Act, 1994(21.10.2015)

The Central Government has made amendment to a Notification granting exemption on certain taxable services from whole of service tax leviable under Se.....

Tags : Pmjdy, rural, bank, correspondent, exempt, service tax

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Internet Banking Facility for Customers of Cooperative Banks(05.11.2015)

The Reserve Bank of India has allowed State Cooperative Banks and District Central Cooperative Banks to provide Internet Banking facilities to their c.....

Tags : Internet banking, cooperative, guidelines

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RBI ends barter trade between India and Myanmar(05.11.2015)

The Reserve Bank of India has called an end to barter trade at the Indo-Myanmar Border, permissible since 2000. Noting that with a sufficiently divers.....

Tags : Myanmar, barter, end, trade, bank, 2015

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Customs preparations for returnees from Indian enclaves(18.11.2015)

The Central Board of Excise and Customs has appointed places as Land Customs Stations to clear baggage brought into the Indian mainland by those retur.....

Tags : Indian enclave, Bangladesh, customs

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Revised directions for acquisition of shares and voting rights in private banks(19.11.2015)

The Reserve Bank of India issued revised guidelines requiring prior approval for acquiring share or voting rights in private sector banks. Two amendme.....

Tags : Private bank, voting rights, acquisition, fit and proper

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Oversight of Government Business in Agency Banks(07.04.2016)

The Reserve Bank of India put in place a new system of oversight of government business conducted with agency banks. The new enlarged review will now .....

Tags : Government business, agency bank, inspection

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Portal for trading Priority Sector Lending Certificates(07.04.2016)

The Reserve Bank of India issued instructions on trading of Priority Sector Lending Certificates – to facilitate a trading platform via its Core Banki.....

Tags : Pslc, trading, ekuber, core banking

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Banks now able to authorise establishment of branch office of foreign entities(12.04.2016)

The Reserve Bank of India has empowered AD Cat-I Banks to grant approvals for establishment of Branch Offices, Liaison Offices and Projects Offices in.....

Tags : Foreign entity, branch office, bank

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RBI to assist cooperative banks in uptake of Core Banking(13.04.2016)

To ensure implementation of Core Banking System in Urban Cooperative Banks, the Reserve Bank of India will dole out Rs. 4 lakh to each to cover initia.....

Tags : Cooperative banks, core banking

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RBI to issue of Rs. 100 banknotes with inset letter 'L'(20.04.2016)

The Reserve Bank of India continued its trend of “ascending size of numerals” on bank notes with changes to Rs. 100 currency notes. The notes will be .....

Tags : rbi, banknotes, 100

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Banks must offer Wealth Management Services through subsidiary(21.04.2016)

The Reserve Bank of India clarified that banks cannot provide Investment Advisory Services (better known as ‘Wealth Management Services’) to its custo.....

Tags : investment advisors, banks, separation

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Reserve Bank of India (Issue and Pricing of Shares by Private Sector Banks) Directions, 2016(21.04.2016)

The Reserve Bank of India issued Master Directions on the issue and pricing of shares by private sector banks. Under the provisions, pricing of shares.....

Tags : private bank, share issue, pricing

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Reserve Bank of India (Amalgamation of Private Sector Banks) Directions, 2016(21.04.2016)

The Reserve Bank of India notified Master Directions regarding amalgamation of two banking companies or of a banking company and an NBFC. For both, am.....

Tags : amalgamation, private banks, nbfc

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Export Data Processing and Monitoring System expanded(26.05.2016)

The Export Data Processing and Monitoring System has been expanded with modules that will now include information on handling of shipping bills for ca.....

Tags : edpms, exporters, caution, monitoring, banks

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National Company Law Tribunal effective 1 June 2016(01.06.2016)

The Central Government constituted the National Company Law Tribunal and Appellate Tribunal for hearing matters arising under the Companies Act and th.....

Tags : companies act, bankruptcy code, company law tribunal

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Consultation Paper on In-building Access by Telecom Service Providers(06.06.2016)

TRAI released a paper analysing impediments faced b.....

Tags : trai, broadband, access, shared space, commercial, residential

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TRAI envisages data stores in public wi-fi networks(13.07.2016)

The Telecom Regulatory Authority of India released a consultation paper on the read»

Synchronising financial accounting year with calendar year(19.07.2016)

Union Minister of Finance, Aurn Jaitley, stated that a Committee to examine the desirability and feasibility of changing the financial year has been c.....

Tags : financial year, calendar year, nationalised banks, merger

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RBI releases Guidelines for 'on tap' Licensing of Universal Banks in the Private Sector(01.08.2016)

The Reserve Bank of India released on its website, "Guidelines for 'on tap' Licensing of Universal Banks in the Private Sector". Key aspects of the Gu.....

Tags : Universal Banks, Licensing, Guidelines

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Section 23 of the Banking Regulation Act, 1949 - Relaxations in Branch Authorisation Policy.(06.08.2015)

In order to allow banks greater operational freedom, the Reserve Bank of India reviewed instructions regarding merger, closure, shifting, part shiftin.....

Tags : bank, branch, opening, policy

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Amendment in export policy of edible oils(06.08.2015)

The government notified exemptions from prohibition on export of edible oils.

Tags : export, ban, edible, oils

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Amendment in export policy of edible oils(06.08.2015)

The government notified exemptions from prohibition on export of edible oils.

Tags : export, ban, edible, oils

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Withdrawal of Legal Tender Character of existing Rs. 500/- and Rs. 1000/- Bank Notes(09.11.2016)

Please refer to circular DCM (Plg) No. 1226/10.27.00/2016-17 November 08, 2016 on the captioned subject. In order to ensure that the ATMs stop dispens.....

Tags : Bank Notes, Withdrawal, Limits

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Constitution of Task Force for enabling dispensation of Mahatma Gandhi (New) Series Banknotes - Recalibration and reactivation of ATMs(14.11.2016)

It has become necessary to re-calibrate all ATMs/ Cash handling machines to dispense the new design notes following introduction of Mahatma Gandhi (Ne.....

Tags : Task force, Constitution, Bank Notes

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Conduct of Government Business by Agency Banks - Payment of Agency Commission(13.08.2015)

The Reserve Bank of India issued a clarification on activities that do not come under the purview of agency bank business and are not eligible for pa.....

Tags : agency commission, government business, banks

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Issue of Rs. 20 banknotes without inset letter and intaglio printing(29.12.2016)

The Reserve Bank of India will shortly issue Rs. 20 denomination banknotes in the Mahatma Gandhi Series-2005, without inset letter in both the number .....

Tags : Rs. 20 banknotes, Issuance, Without inset letter

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RBI releases Primary (Urban) Co-operative Banks' Outlook 2015-2016(29.12.2016)

The Reserve Bank of India today released the third volume of the annual publication titled 'Primary (Urban) Co-operative Banks' Outlook 2015-16'. The .....

Tags : Co-operative Banks, Urban, Publication, Release

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India Post Payments Bank Limited commences operations(30.01.2017)

India Post Payments Bank Limited has commenced operations as a payments bank with effect from January 30, 2017. The Reserve Bank has issued a licence .....

Tags : Payments bank, Operation, Commencement

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Involvement of bank officials in money laundering during post monetization(07.02.2017)

Enforcement Directorate has intimated that bank employees have been found indulging in money laundering and other unfair practices during the phase of.....

Tags : Bank officials, money laundering, Investigation

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Inclusion of "Capital Small Finance Bank Limited" in the Second Schedule to the Reserve Bank of India Act, 1934(16.02.2017)

We advise that the "Capital Small Finance Bank Limited" has been included in the Second Schedule to the Reserve Bank of India Act, 1934 vide Notificat.....

Tags : Inclusion, Bank, Second Schedule, Act

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Cabinet approves acquisition of subsidiary banks of State Bank of India(15.02.2017)

The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi has approved the acquisition by the State Bank of India of its subsidiary banks na.....

Tags : Acquisition, Subsidiary banks, Approval

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Import-export payments facilitated by OPGSP(24.09.2015)

Reserve Bank of India has permitted AD Category-1 banks to offer the facility of repatriating import related remittances, in respect of import of good.....

Tags : Bank, import, remittance, online payment

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Extension of last date to receive comments on TRAI's Consultation Paper on Data Speed under Wireless Broadband Plans dated 1st June, 2017(28.06.2017)

Telecom Regulatory Authority of India (TRAI) had invited comments of stakeholders on Consultation Paper on Data Speed under Wireless Broadband Plans d.....

Tags : Extension, date, Data Speed, Broadband Plans

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Cabinet gives in-principle approval for Public Sector Banks to amalgamate through an Alternative Mechanism(23.08.2017)

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given in-principle approval for Public Sector Banks to amalgamate through an Al.....

Tags : Approval, Banks, Amalgamation, Alternative Mechanism

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RBI dispels rumour on non-acceptance of scribbled-on currency(14.12.2015)

The Reserve Bank of India issued a clarificatory statement to dispel rumours in social media that banks will not accept currency notes which have been.....

Tags : Bank note, scribble, tender, rumour

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India Signs Loan Agreement with World Bank for USD 100 Million for "Shared Infrastructure for Solar Parks Project"(20.11.2017)

A Guarantee Agreement for IBRD/CTF loan of USD 98 million and Grant Agreement for USD 2 million for the "Shared Infrastructure for Solar Parks Project.....

Tags : Loan Agreement, World Bank, Solar Parks, Project

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Reporting of Transactions by agency banks to RBI(30.11.2017)

It has been brought to our notice that some agency banks are reporting government transactions after considerable delay and along with the current tra.....

Tags : RBI, Agency Banks, Transactions

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Composition and Ownership of Deposits with Scheduled Commercial Banks(11.01.2016)

The Reserve Bank of India released data related to the composition and ownership pattern of deposits with scheduled commercial banks as of March 31, 2.....

Tags : Scheduled banks, deposits, march 2015

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General guidelines for implementation of e-payment of excise refund and rebate(12.01.2016)

The Central Board of Excise and Customs has prescribed procedure for e-payment of refund and rebate. The procedure is hoped to speed transfer of funds.....

Tags : Excise, e-payment, refund, rebate, authorised banks

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New $ 318 million loan Agreement Signed with World Bank to Support Climate Resilient Agriculture - over 500,000 Farmers to Benefit in Tamil Nadu(26.12.2017)

The Government of India, the Government of Tamil Nadu and the World Bank today signed a $318 million loan agreement for the Tamil Nadu Irrigated Agric.....

Tags : Loan Agreement, Signing of, World Bank

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Timeframe for implementation of Ind AS for scheduled commercial banks(11.02.2016)

The Reserve Bank of India notified scheduled commercial banks are required to comply with Indian Accounting Standards (Ind AS) for accounting periods .....

Tags : Indian accounting standards, commercial banks, implementation

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Withdrawal of old series banknotes issued prior to 2005 deferred(11.02.2016)

The Reserve Bank of India extended the deadline for exchanging pre-2005 banknotes to 30 June, 2016. Exchange on banknotes in 2016 will only be done at.....

Tags : Rbi, banknotes, pre-2005, deadline, extend

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Government of India announces details of Bank recap and Comprehensive Reform Plan(24.01.2018)

The Government of India today unveiled details of the re-capitalisation of Public Sector Banks (PSBs) announced in October, 2017. The capital infusion.....

Tags : Bank recap, Details, Announcement

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Issuance of press release regarding management of operational risks inherent in the functioning of banks with respect to the SWIFT Infrastructure(20.02.2018)

Reserve Bank of India (RBI), as part of its ongoing efforts for strengthening of the supervisory framework in the country, has been issuing necessary .....

Tags : Management, Operational risks, Banks, Functioning

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Guidelines for Standalone PD participation in Exchange Traded Currency Futures(17.03.2016)

The Reserve Bank of India issued guidelines

Tags : Bank, primary dealers, currency, futures

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Diamond Dollar Account - Reporting Mechanism(23.03.2016)

The Reserve Bank of India has dispensed with quarterly and fortnightly statements previously submitted by banks giving details of the name and address.....

Tags : Diamond dollar, bank account, statement

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Extending value-added services through ATMs(23.03.2016)

The Reserve Bank of India has permitted Primary (Urban) Co-operative Banks and State Co-operative Banks to offer all their products and services throu.....

Tags : Atm, value added services, co-operative bank

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Linking of SWIFT to the Core Banking System(22.03.2018)

Department of Economic Affairs has apprised that in pursuance to the announcement made in the Budget Speech 2018-19 (para 75), a Steering Committee on.....

Tags : SWIFT, Linking, Banking System

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Draft guidelines for ‘on tap’ licencing of universal banks(05.05.2016)

The Reserve Bank of India took a major step towards replacing its ‘stop and go’ policy for licensing universal with a more ‘continuous’ process by

Tags : Universal bank, licence, continuous process

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RBI issues Directions to the City Co-operative Bank Ltd., Mumbai, Maharashtra(18.04.2018)

The Reserve Bank of India (vide directive DCBS.CO.BSD-I/D-5/12.22.039/2017-18 dated April 17, 2018) has placed The City Co-operative Bank Ltd., Mumbai.....

Tags : Direction, Issuance, Bank

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Clarification regarding bank guarantee requirement for bond executed by EOUs(14.08.2018)

1. Various representations have been received regarding difficulties faced by EOUs with respect to requirements of bank guarantees in view of Circular.....

Tags : Clarification, Bank guarantee, Bond, Execution

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India signs Financing Loan Agreement with the World Bank for US$ 74 Million for Uttarakhand Workforce Development Project (UKWDP)(18.09.2018)

A Loan Agreement for IBRD Credit of US$74 million equivalent for the Uttarakhand Workforce Development Project (UKWDP) was signed with the World Bank .....

Tags : Loan Agreement, World Bank, Project (UKWDP)

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Government initiates consolidation - amalgamated entity to be India's third largest bank(17.09.2018)

First-ever three-way bank amalgamation process commences Government paves the way for amalgamated Public Sector Banks with global heft and business sy.....

Tags : Amalgamated entity, Largest bank , Initiation

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CVC analyses 100 top bank frauds - identifies loop holes-suggests systemic improvements(16.10.2018)

Central Vigilance Commission (CVC) has reviewed and analyzed Top 100 Bank Frauds, as on 2017.

Sharing the details Dr. T.M. Bhasin, Vigilan.....

Tags : Bank frauds, Loop holes, Identification

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Cabinet approves MoU between Export-Import Bank of India (Exim Bank) on General Cooperation with the New Development Bank (NDB), along with other Development Financial Institutions of BRICS nations(13.10.2016)

The Union Cabinet under the Chairmanship of Prime Minister Shri Narendra Modi has given its approval for signing of a Memorandum of Understanding (MoU.....

Tags : Approval, Exim Bank, Co-operation

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Reserve Bank of India imposes monetary penalty on Federal Bank Limited(03.10.2018)

The Reserve Bank of India (RBI) has imposed, by an order dated September 25, 2018, a monetary penalty of Rs. 50 million on Federal Bank Limited (the b.....

Tags : Penalty, Federal bank, Imposition

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Autonomy for Central Bank, within the Framework of the RBI Act, Is an Essential and Accepted Governance Requirement: Says Government(31.10.2018)

The autonomy for the Central Bank, within the framework of the RBI Act, is an essential and accepted governance requirement. Governments in India have.....

Tags : Autonomy, Central Bank, Governance

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Payments Bank and Small Finance Banks- access to Call/Notice/Term Money Market(29.10.2018)

1. A reference is invited to Master Direction No.2/2016-17, dated July 7, 2016 on Money Market Instruments. A reference is also invited to the Guideli.....

Tags : Payments Bank, Small Finance Banks, Access

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Issuance of Rs. 500 bank notes without inset letter, in the Mahatma Gandhi (New Series)(08.12.2016)

The Reserve Bank of India will shortly issue Rs. 500 denomination banknotes in the Mahatma Gandhi (New) Series, without any inset letter, bearing sign.....

Tags : Bank notes, Issuance, Inset Letter

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Government of India and Asian Development Bank (ADB) Signs $75 Million Loan to Improve Urban Services in 4 Karnataka Towns(27.11.2018)

Government of India and the Asian Development Bank signed a $75 million loan here today to provide 24 x7 water supply in Karnataka's four coastal town.....

Tags : Urban Services, Improvement, Loan

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India Signs Financing Agreement with World Bank for US$ 63 Million for Tejaswini(28.02.2017)

A Financing Agreement for IDA credit of US$ 63 million (equivalent) for the "Tejaswini" Socio-Economic Empowerment of Adolescent Girls and Young Women.....

Tags : Empowerment, Adolescent Girls, Agreement, World bank

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Prompt Corrective Action (PCA) Framework(26.02.2019)

The Board for Financial Supervision (BFS), in its meeting held on February 26, 2019 reviewed the performance of banks under PCA and noted that the Gov.....

Tags : Banks, Performance, Review

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Annual Conference of Banking Ombudsmen 2017 - July 25, 2017(31.07.2017)

The Annual Conference of Banking Ombudsmen was held at Mumbai on July 25, 2017. Shri S S Mundra, Deputy Governor, Reserve Bank of India (RBI) inaugura.....

Tags : Conference, Banking, Ombudsmen

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Inclusion of "India Post Payments Bank Limited" in the Second Schedule of the Reserve Bank of India Act, 1934(03.07.2019)

We advise that the "India Post Payments Bank Limited" has been included in the Second Schedule to the Reserve Bank of India Act, 1934 vide Notificatio.....

Tags : Post Payments, Bank, Inclusion

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BAN on GM CROPS(02.07.2019)

Bt. cotton is the only Genetically Modified (GM) crop approved in 2002 by the Genetic Engineering Appraisal Committee of Ministry of Environment, Fore.....

Tags : BAN, Cultivation, GM CROPS

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Award for outstanding writings in the field of Banking Hindi(16.10.2017)

With a view to encourage original writings and research in Banking Hindi, Reserve Bank of India has launched an 'Award scheme for outstanding writings.....

Tags : Outstanding writings, Banking Hindi, Award

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Award for outstanding writings in the field of Banking Hindi(16.10.2017)

With a view to encourage original writings and research in Banking Hindi, Reserve Bank of India has launched an 'Award scheme for outstanding writings.....

Tags : Outstanding writings, Banking Hindi, Award

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Cabinet approves Promulgation of the Prohibition of Electronic Cigarettes Ordinance(18.09.2019)

In a major health and wellness initiative for the country, the Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the Promulg.....

Tags : Promulgation, Ordinance, E-Cigarettes, Ban

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Withdrawal of all old series of Banknotes issued prior to 2005(23.12.2015)

The Reserve Bank of India has extended the date by which pre-2005 banknotes are to be exchanged to 30 June, 2016. An earlier notification had set 31 D.....

Tags : Banknotes, old series, 2005, withdrawal

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Trend and Progress of Banking in India 2014-15 and Financial Stability Report December 2015(23.12.2015)

The Reserve Bank of India released its Report .....

Tags : Banking, indicators, 2015, december

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Sectoral Deployment of Bank Credit(31.10.2019)

Data on sectoral deployment of bank credit collected from select 39 scheduled commercial banks, accounting for about 90 per cent of the total non-food.....

Tags : Sectoral Deployment, Bank Credit, Data

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India and ADB sign $206 million loan to strengthen urban services in 5 Tamil Nadu cities(03.12.2019)

The Asian Development Bank (ADB) and the Government of India on 2nd December 2019 signed a $206 million loan to develop water supply and sewerage infr.....

Tags : India, ADB, Loan, Urban services

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Provisioning pertaining to Fraud Accounts(18.04.2016)

Reserve Bank of India notified amendments to provisions in respect of Fraud Accounts. Banks making good amounts upon detection of fraud can adjust fin.....

Tags : fraud accounts, banks, adjustment, profit and loss

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Reserve Bank of India imposes monetary penalty on IDBI Bank Limited(11.04.2018)

The Reserve Bank of India (RBI) has imposed, through an order dated April 09, 2018, a monetary penalty of Rs. 30 million on IDBI Bank Limited (the ban.....

Tags : Penalty, Imposition, IDBI Bank

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Government puts in place measures to protect commercial decision making by Banks(28.01.2020)

The Finance Minister has repeatedly assured Bankers that adequate measures would be taken to protect honest commercial decisions taken by them and dis.....

Tags : Commercial, Banks

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Reserve Bank of India imposes monetary penalty on Apna Sahakari Bank Ltd., Mumbai(23.01.2020)

The Reserve Bank of India (RBI) has, by order dated January 22, 2020, imposed monetary penalty of Rs. 14 lakh on Apna Sahakari Bank Ltd., Mumbai, (the.....

Tags : Penalty, Imposition, Bank

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Setting up of IFSC Banking Units (IBUs) - Permissible activities(21.01.2020)

This is with reference to RBI circular DBR.IBD.BC.14570/23.13.004/2014-15 dated April 01, 2015, as modified from time to time, setting out RBI directi.....

Tags : IFSC, Banking Units, Permissible activities

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Incentivising bank credit to specific sectors - Exemption from CRR maintenance(10.02.2020)

It has been announced in paragraph 3 of the Statement on Developmental and Regulatory Policies of February 6, 2020, that the Reserve Bank is actively .....

Tags : Bank credit, Exemption, CRR Maintenance

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India signs 200 million US Dollar Loan Deal with World Bank for National Nutrition Mission (POSHAN Abhiyaan) for 315 districts across all states/UTs(07.05.2018)

The Government of India signed a loan deal worth $ 200 million with the World Bank today for the National Nutrition Mission (POSHAN Abhiyaan). The loa.....

Tags : Loan Deal, World Bank, POSHAN Abhiyaan

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Exemption of a Banking Company from the application of the provisions of Sections 5 and 6 of the Competition Act, 2002(11.03.2020)

In exercise of the powers conferred by clause (a) of section 54 of the Competition Act, 2002 (12 of 2003), the Central Government hereby exempts a Ban.....

Tags : Exemption, Banking Company, Application, Provisions

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System for reporting banks’ associations discontinued(30.06.2016)

The Reserve Bank of India discontinued the Quarterly Reporting System - foreign branches/subsidiaries/joint ventures/associates of Indian Banks , with.....

Tags : quarterly reporting system, foreign branches, associations, indian banks

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Reporting of Bank Guarantee on behalf of service importers discontinued(07.07.2016)

The Reserve Bank of India announced the discontinuation of submission of reports on guarantees issued by banks in favour of non-residents service prov.....

Tags : rbi, bank guarantee, service importer, reporting requirement

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RBI relaxes LTD guidelines for co-operative banks(07.07.2016)

The Reserve Bank of India relaxed guidelines for raising and redeeming Long Term (Subordinated Deposits by co-operative banks, replacing them instead .....

Tags : long term deposit, cooperative bank, disclosure

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Exim Bank's Government of India supported Line of Credit (LoC) of USD 161.36 million to the Government of the Republic of Burundi(01.04.2020)

1. Export-Import Bank of India (Exim Bank) has entered into an agreement dated July 02, 2019 with the Government of the Republic of Burundi, for makin.....

Tags : Exim, bank, Support, LoC

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Cancellation of licence to carry on banking business in India and, conversion of Urban Co-operative Bank into a Co-operative Society(10.08.2016)

Reserve Bank of India has cancelled the licence of Shri Yugprabhav Sahakari Bank Ltd., Vadodara (Gujarat) vide order dated June 29, 2016. In view of t.....

Tags : Licence, Cancellation, Banking business

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Risk Management and Inter-bank Dealings - Hedging of Foreign Exchange Risk-Date of Implementation(18.05.2020)

1. A reference is invited to the Directions on Hedging of Foreign Exchange Risk issued vide A.P. (DIR Series) Circular No. 29 dated April 7, 2020. The.....

Tags : Risk Management, Inter-bank Dealings, Directions

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TRAI issues Consultation Paper on "Roadmap to Promote Broadband Connectivity and Enhanced Broadband speed."(20.08.2020)

1.The Telecom Regulatory Authority of India (TRAI) today issued the Consultation Paper on "Roadmap to Promote Broadband Connectivity and Enhanced Broa.....

Tags : Consultation Paper, Broadband Connectivity, Promotion

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Reserve Bank of India imposes monetary penalty on FINO Payments Bank Limited(05.11.2018)

The Reserve Bank of India (RBI) has, on October 31, 2018, imposed a monetary penalty of Rs. 10 million on FINO Payments Bank Limited (the bank) for co.....

Tags : Penalty, Imposition, Bank Limited

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RBI imposes monetary penalty on The Jammu and Kashmir Bank Ltd(14.11.2018)

The Reserve Bank of India (RBI) has imposed, by an order dated November 05, 2018, a monetary penalty of Rs. 30 million on The Jammu and Kashmir Bank L.....

Tags : Penalty, Imposition, Bank

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Non-applicability of the provisions of section 31 read with clause (t) of section 56 of Banking Regulation Act, 1949 to primary co-operative banks till 31st December, 2020(29.09.2020)

In exercise of the powers conferred by sub-section (1) of section 53 of the Banking Regulation Act, 1949 (10 of 1949), the Central Government, on the .....

Tags : Non-applicability, Provisions, Co-operative banks

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RBI launches Survey on International Trade in Banking Services (ITBS): 2019-20(24.09.2020)

The Reserve Bank of India has launched the 2019-20 round of its annual Survey on International Trade in Banking Services (ITBS).

The survey,.....

Tags : Survey, International Trade, Banking Services

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National GIS-Enabled Land Bank System(23.09.2020)

Government has integrated Industrial Information System (IIS) portal with the GIS System of six States in first phase to provide updates on land avail.....

Tags : GIS-Enabled, Bank System, Industrial land

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Applicability of the provisions of sub-clause (i) of clause (c) of sub-section (1) of Section 10 of Banking Regulation Act, 1949 to Kotak Mahindra Bank Limited(23.09.2020)

Whereas, sub-clause (i) of clause (c) of sub-section (1) of section 10 of the Banking Regulation Act, 1949 (10 of 1949) (hereinafter referred to as th.....

Tags : Applicability, Provisions, Kotak Mahindra Bank Limited

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Bank Lending and Loan Quality: The Case of India(14.12.2016)

The Reserve Bank of India today placed on its website a Working Paper titled 'Bank Lending and Loan Quality: The Case of India' under the Reserve Bank.....

Tags : Bank Lending, Loan Quality, Working paper

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Co-Lending by Banks and NBFCs to Priority Sector(05.11.2020)

1. Please refer to the circular FIDD.CO.Plan.BC.08/04.09.01/2018-19 dated September 21, 2018 on co-origination of loans by banks and NBFCs for lending.....

Tags : Co-Lending, Banks and NBFCs, Priority Sector

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Exim Bank's Government of India supported Line of Credit (LoC) of USD 20.10 million to the Government of the Republic of Nicaragua(05.11.2020)

1. Export-Import Bank of India (Exim Bank) has entered into an agreement dated June 12, 2020 with the Government of the Republic of Nicaragua, for mak.....

Tags : Exim Bank, LoC, Agreement

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Law to check scams in Banks(18.12.2018)

The Government has initiated formulation of laws to secure prudential banking and help effect a culture of credit discipline, including, inter alia, i.....

Tags : Scams, Banks, Law

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Reserve Bank of India imposes monetary penalty on Central Bank of India(10.11.2020)

Reserve Bank of India (RBI) has, by an order dated November 10, 2020, imposed a monetary penalty of Rs. 50 lakh (Rupees Fifty lakh only) on Central Ba.....

Tags : Penalty, Imposition, Central Bank

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Maintenance of Escrow Account with a Scheduled Commercial Bank(17.11.2020)

1. A reference is invited to the instructions issued by Reserve Bank of India vide (a) DPSS.CO.PD.No.1164/02.14.006/2017-18 dated October 11, 2017 (up.....

Tags : Maintenance, Escrow Account, Scheduled Commercial Bank

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Reserve Bank of India cancels the licence of the Karad Janata Sahakari Bank Ltd, Karad, Maharashtra(08.12.2020)

The Reserve Bank of India (RBI) has, vide order dated December 7, 2020 cancelled the licence of The Karad Janata Sahakari Bank Ltd., Karad, Maharashtr.....

Tags : Licence, Cancellation, Sahakari Bank

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Suryoday Small Finance Bank Limited commences operations(23.01.2017)

Suryoday Small Finance Bank Limited has commenced its operations as a small finance bank with effect from January 23, 2017. The Reserve Bank has issue.....

Tags : Finance Bank, Small, Operations

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Reserve Bank of India imposes monetary penalty on Syndicate Bank(05.02.2019)

The Reserve Bank of India (RBI) has imposed, by an order dated January 30, 2019, a monetary penalty of Rs. 10 million on Syndicate Bank (the bank) for.....

Tags : Penalty, Imposition, Syndicate Bank

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RBI releases "Statistical Tables Relating to Banks in India: 2019-2020"(29.12.2020)

The Reserve Bank released its web publication entitled 'Statistical Tables Relating to Banks in India: 2019-20' covering the activities of scheduled c.....

Tags : Statistical Tables, Activities, Commercial banks

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Report on Trend and Progress of Banking in India 2019-2020(29.12.2020)

Today, the Reserve Bank of India released the Report on Trend and Progress of Banking in India 2019-20, a statutory publication in compliance with Sec.....

Tags : Report, Trend, Banking sector

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CCI approves the acquisition of stake by Axis Bank Limited, Axis Capital Limited and Axis Securities Limited in Max Life Insurance Company Limited(21.01.2021)

The Competition Commission of India (CCI) approves the acquisition of stake by Axis Bank Limited, Axis Capital Limited and Axis Securities Limited in .....

Tags : Acquisition, Approval, Bank

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Reserve Bank of India imposes monetary penalty on Standard Chartered Bank - India(21.01.2021)

The Reserve Bank of India (RBI) has, by an order dated January 21, 2021, imposed a monetary penalty of Rs. 2 Crore (Rupees Two Crore only) on Standard.....

Tags : Penalty, Imposition, Bank

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Central Government extends ban on LTTE for five years(14.05.2019)

The Central Government has extended the ban on the Liberation Tigers of Tamil Eelam (LTTE) for another five years under sub-sections (1) and (3) of se.....

Tags : LTTE, Ban, Extension

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Declaration of dividends by banks(22.04.2021)

1. Please refer to our circular DOR.BP.BC.No.29/21.02.067/2020-21 dated December 4, 2020, and other associated circulars on the captioned subject.

Tags : Declaration, Dividends, Banks

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Measures taken to facilitate digital banking(27.07.2021)

The Government has taken a number of steps to facilitate digital banking, doorstep banking services and digital lending platforms. This was stated by .....

Tags : Measures, Digital banking, Digital infrastructure

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Access for non-banks to centralised payment systems(28.07.2021)

1. A reference is invited to Paragraph 9 of the Statement on Developmental and Regulatory Policies dated April 07, 2021 wherein it was announced that .....

Tags : Access, Non-banks, CPS

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RBI imposes monetary penalty on Axis Bank Limited(28.07.2021)

The Reserve Bank of India (RBI) has imposed, by an order dated July 28, 2021, a monetary penalty of Rs. 5.00 crore (Rupees Five crore only) on Axis Ba.....

Tags : Penalty, Imposition, Axis Bank

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India Signs Loan Agreement with World Bank for US$ 119 Million for "Odisha Higher Education Programme for Excellence and Equity (OHEPEE) Project(07.11.2017)

A Financing Agreement for IBRD loan of US$ 119 million (equivalent) for the "Odisha Higher Education Programme for Excellence & Equity (OHEPEE) Projec.....

Tags : Loan Agreement, World Bank, Signing of

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Exim Bank's Government of India supported Line of Credit of USD 100 million to the Government of the Republic of Mauritius(12.08.2021)

Export-Import Bank of India (Exim Bank) has entered into an agreement dated February 19, 2021 with the Government of the Republic of Mauritius, for ma.....

Tags : Exim Bank, Agreement, LoC

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Central Government hereby declare that the provisions of sub-clause (i) of clause (c) of sub-section (1) of Section 10 of Banking Regulation Act, 1949 shall not apply to Kotak Mahindra Bank Limited(01.10.2019)

In exercise of the powers conferred by sub-section (1) of section 53 of the Banking Regulation Act, 1949, the Central Government, on the recommendatio.....

Tags : Provisions, Non applicability, Kotak Mahindra Bank

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Reserve Bank of India (Classification, Valuation and Operation of Investment Portfolio of Commercial Banks) Directions, 2021(25.08.2021)

1. The Reserve Bank of India has, from time to time, issued several guidelines/instructions/directives to the banks on Prudential Norms for Classifica.....

Tags : Master Directions, Investment Portfolio by Banks

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Notification regarding specified bank to mean a banking company which is a scheduled bank and has been appointed as an agent under Section 45 of Reserve Bank of India Act, 1934(02.09.2021)

In exercise of the powers conferred by clause (a) of Explanation to section 194P of the Income-tax Act, 1961 (43 of 1961), the Central Government here.....

Tags : Specified bank, Banking company, Notification

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Reserve Bank of India imposes monetary penalty on Indian Bank(20.11.2019)

The Reserve Bank of India (RBI) has imposed, by order dated November 18, 2019, monetary penalty of Rupees One crore on Indian Bank (the bank) for non-.....

Tags : Penalty, Imposition, Indian Bank

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Modalities for filing of placement memorandum through a Merchant Banker(21.10.2021)

1. AlFs shall launch scheme(s) subject to filing of placement memorandum with SEBI through a SEBI registered Merchant Banker. In this regard, SEBI (Al.....

Tags : Modalities, Filing, Merchant Banker

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Maintenance of current accounts in multiple banks by Stock Brokers(28.10.2021)

1. SEBI vide circular no. SMD/SED/CIR/93/23321 dated November 18, 1993 on "Regulation of Transactions between Clients and Brokers" mandated that all t.....

Tags : Maintenance, Current accounts, Multiple banks

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Pay IT dues in advance at RBI or authorised bank branches(15.02.2016)

The Reserve Bank of India has authorized twenty nine agency banks to accept payments of income tax. The move hopes to reduce the heavy rush for remitt.....

Tags : Income tax, payment, agency banks, march

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Incognito visits to check banks’ customer service(16.02.2016)

The Reserve Bank of India is set to undertake incognito visits to bank branches to check the culture towards customer complaints in banks. It will als.....

Tags : Banks, Customer complaints, culture, charter

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Directions under Section 35 A read with Section 56 of the Banking Regulation Act, 1949 to Millath Co-operative Bank Limited(08.11.2021)

1. The Reserve Bank of India issued All Inclusive Directions to Millath Co-operative Bank Limited, Davangere, Karnataka under Section 35 A read with S.....

Tags : Directions, Banking Regulation Act

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Exim Bank's Government of India supported Line of Credit of USD 7.29 million to the Government of Cooperative Republic of Guyana(10.03.2022)

1. Export-Import Bank of India (Exim Bank) has entered into an agreement dated September 29, 2021 with the Government of Cooperative Republic of Guyan.....

Tags : Exim Bank, Support, Line of Credit

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Basic Statistical Return on Credit by Scheduled Commercial Banks in India - March 2022(28.09.2022)

The Reserve Bank released the web publication 'Basic Statistical Return on Credit by Scheduled Commercial Banks (SCBs) in India - March 2022'1 on its .....

Tags : Statistical Return, Credit, Banks

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Award Scheme For Outstanding Writings In The Field Of Banking Hindi Declaration Of Result For The Year 2015-16(17.04.2017)

Reserve Bank of India had invited entries under the captioned scheme vide press release dated 14 July 2016. On evaluation of the entries received, it .....

Tags : Scheme, Award, Banking hindi

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Exclusion of "DBS Bank Ltd" from the Second Schedule of the Reserve Bank of India Act, 1934(16.04.2019)

Consequent upon setting up of 'DBS Bank India Limited' as a Wholly Owned Subsidiary of 'DBS Bank Ltd', it has been decided to exclude 'DBS Bank Ltd' f.....

Tags : Enactment, Exclusion, DBS Bank

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Central Government declares the computer resources of Canara Bank to be protected systems(11.01.2023)

In exercise of the powers conferred by sub-sections (1) and (2) of section 70 of the Information Technology Act, 2000 (21 of 2000), the Central Govern.....

Tags : Computer resources, Core Banking Solution, protected systems

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RBI releases names of applicants under the Guidelines for 'on tap' Licensing of Universal Banks and Small Finance Banks in the Private Sector(15.04.2021)

The Reserve Bank of India today released the names of applicants under the Guidelines for 'on tap' Licensing of Universal Banks and Small Finance Bank.....

Tags : Licensing, Universal Banks, Small Finance Banks

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Lending and Deposit Rates of Scheduled Commercial Banks - January 2023(31.01.2023)

Data on lending and deposit rates of scheduled commercial banks (SCBs) (excluding regional rural banks and small finance banks) for the month of Janua.....

Tags : Lending, Deposit Rates, Commercial Banks

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Sectoral Deployment of Bank Credit - December 2022(31.01.2023)

Data on sectoral deployment of bank credit for the month of December 20221 collected from 40 select scheduled commercial banks, accounting for about 9.....

Tags : Sectoral Deployment, Bank Credit, Data

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Tamil Nadu Health System Reform Program, Signing of $287 Million World Bank loan to improve healthcare in the State of Tamil Nadu(04.06.2019)

The Government of India, Government of Tamil Nadu (GoTN) and the World Bank signed here today in New Delhi a $287 Million Loan Agreement for the Tamil.....

Tags : Reform Program, World Bank, Loan, Healthcare

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Enforcement action in respect of statutory auditors of commercial banks(03.06.2019)

RBI vide its Press Release dated June 29, 2018 had put in place an enforcement action framework in respect of statutory auditors for the lapses in the.....

Tags : Statutory auditors, Commercial banks, Enforcement action

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Sectoral Deployment of Bank Credit - January 2023(28.02.2023)

Data on sectoral deployment of bank credit for the month of January 20231 collected from 40 select scheduled commercial banks, accounting for about 93.....

Tags : Sectoral Deployment, Bank Credit, Data

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Department of Financial Services advises all Banks to take immediate steps to put restrictions on bank accounts of over two lakh 'struck off' companies(05.09.2017)

Government has stepped up decisive action against companies falling within the ambit of Section 248 of the Companies Act. The names of 2,09,032 compan.....

Tags : Bank accounts, Companies, 'Struck off'

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Central Government specifies that all public sector banks and ICICI Bank, Axis Bank, HDFC Bank Ltd. and IDBI Bank shall be authorised to operate the Mahila Samman Savings Certificate, 2023(27.06.2023)

In pursuance of the powers conferred by sub-clause (ii) of clause (g) of section 3 of the Government Savings Promotion Act, 1873 (5 of 1873), the Cent.....

Tags : Banks, Operation, Savings Certificate

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Reserve Bank of India imposes monetary penalty on SBM Bank (India) Ltd(16.10.2019)

The Reserve Bank of India (RBI) has, by an order dated October 15, 2019, imposed a monetary penalty of Rs. 3 crore on SBM Bank (India) Ltd. for non-co.....

Tags : Penalty, Imposition, SBM Bank

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Sectoral Deployment of Bank Credit - August 2023(28.09.2023)

Data on sectoral deployment of bank credit for the month of August 20231 collected from 40 select scheduled commercial banks, accounting for about 93 .....

Tags : Sectoral Deployment, Bank Credit, Highlights

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Unity Small Finance Bank Limited commences operations(01.11.2021)

Unity Small Finance Bank Limited has commenced operations as a small finance bank with effect from November 1, 2021. The Reserve Bank has issued a lic.....

Tags : Finance Bank, Operations, Commencement

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Sectoral Deployment of Bank Credit - September 2023(31.10.2023)

Data on sectoral deployment of bank credit for the month of September 20231 collected from 40 select scheduled commercial banks, accounting for about .....

Tags : Sectoral Deployment, Bank Credit

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RBI imposes monetary penalty on Nagrik Sahakari Bank Maryadit, Durg, Chhattisgarh(16.11.2021)

The Reserve Bank of India (RBI) has imposed, by an order dated November 16, 2021, a monetary penalty of Rs. 2.00 lakh (Rupees Two lakh only) on Nagrik.....

Tags : Penalty, Imposition, Bank

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Lending and Deposit Rates of Scheduled Commercial Banks - November 2023(30.11.2023)

Data on lending and deposit rates of scheduled commercial banks (SCBs) (excluding regional rural banks and small finance banks) received during the mo.....

Tags : Lending rates, Deposit Rates, Commercial Banks

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Report on Trend and Progress of Banking in India 2018-19(24.12.2019)

The Reserve Bank of India released the Report on Trend and Progress of Banking in India 2018-19, a statutory publication in compliance with Section 36.....

Tags : Report, Progress, Banking

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Central Government declares the services engaged in the Banking industry to be a public utility service(14.12.2023)

Whereas the Central Government is satisfied that public interest so requires that the services engaged in the 'Banking', which is covered under item 2.....

Tags : Declaration, Banking industry, Public utility

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National Bank for Financing Infrastructure and Development (Removal of Difficulties) Order, 2021(01.12.2021)

In exercise of the powers conferred by sub-section (1) of section 46 of the National Bank for Financing Infrastructure and Development Act, 2021 (17 o.....

Tags : National Bank, Financing Infrastructure, Order, 2021

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Card-on-File Tokenisation (CoFT) - Enabling Tokenisation through Card Issuing Banks(20.12.2023)

1. The card tokenisation services are being currently provided by card issuers and card networks in terms of Reserve Bank of India circulars DPSS.CO.P.....

Tags : CoFT, Tokenisation, Banks

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Action against Paytm Payments Bank Ltd under Section 35A of the Banking Regulation Act, 1949(31.01.2024)

1. In Press Release dated March 11, 2022, the Reserve Bank of India, in exercise of its powers under section 35A of the Banking Regulation Act, 1949, .....

Tags : Paytm Payments Bank, Direction

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IT dues payable in advance at authorised bank branches(16.05.2016)

Advance income tax can be paid at authorised banks instead of just with the Reserve Bank of India. Of the 29 banks authorised to acceptance tax remitt.....

Tags : Income tax, advance, authorised banks

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RBI regional offices entrusted UCB fraud monitoring and reporting duties(19.05.2016)

The Reserve Bank of India notified a revised fraud monitoring and reporting mechanism for Primary (Urban) Co-operative Banks.

Under the new.....

Tags : Co-operative bank, fraud, reporting, monitoring

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UBS AG no longer a banking company(19.05.2016)

The Reserve Bank of India notified USB AG, the Swiss multinational financial services firm, to have ceased being a ‘banking company’ under the Banking.....

Tags : Ubs, swiss, banking company, banking act

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PFRDA notifies amendments to Trustee Bank (TB) and Central Recordkeeping Agency (CRA) Regulations(22.02.2024)

The Pension Fund Regulatory and Development Authority (PFRDA) has notified the Trustee Bank (TB) (Amendment) Regulations, 2023 and the Central Recordk.....

Tags : Amendments, Trustee Bank, Regulations

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Oxytocin formulations ban to come into effect from 1st July 2018, KAPL to manufacture the drug for domestic use only(27.06.2018)

The Ministry of Health and Family Welfare has restricted the manufacture of Oxytocin formulations for domestic use to public sector only from 1st July.....

Tags : Oxytocin formulations, Ban, Manufacture

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RBI releases Discussion Paper on 'Governance in Commercial Banks in India'(11.06.2020)

1. The Reserve Bank of India today released on its website a Discussion Paper on 'Governance in Commercial Banks in India' for public comments.

Tags : Discussion Paper, Governance, Commercial Banks

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RBI extends validity of the Directions issued to the Indian Mercantile Co-operative Bank Ltd., Lucknow, Uttar Pradesh(07.09.2016)

The Reserve Bank of India (RBI) has extended the Directions issued to the Indian Mercantile Co-operative Bank Ltd., Lucknow for a further period of si.....

Tags : Extension, Direction, Mercantile Co-operative Bank

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Equitas Small Finance Bank Limited commences operations(12.09.2016)

The Reserve Bank of India has issued a licence to Equitas Small Finance Bank Limited under Section 22 (1) of the Banking Regulation Act, 1949 to carry.....

Tags : Bank, Equitas Small Finance, Licence

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Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 - The Laxmi Co-operative Bank Ltd., Solapur - Extension of Period(11.05.2022)

The Reserve Bank of India, in the public interest, had issued directions to The Laxmi Co-operative Bank Ltd., Solapur, Maharashtra in exercise of powe.....

Tags : Direction, Provision, Bank

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RBI clarifies: No change in existing Currency and Banknotes(06.06.2022)

There are reports in certain sections of the media that the Reserve Bank of India is considering changes to the existing currency and banknotes by rep.....

Tags : No change, Currency, Banknotes

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Expert committee to assist Government for assessment of relief to bank borrowers(10.09.2020)

Various concerns have been raised during the proceedings of the ongoing hearing in Hon'ble Supreme Court of India, in the matter of Gajendra Sharma Vs.....

Tags : Expert committee, Assistance, Bank borrowers

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Withdrawal of Specified Banknotes : Cash requirements of pensioners and Armed Forces Personnel(24.11.2016)

In view of the withdrawal of legal tender character of the Specified Banknotes (SBN) demand for cash is expected from Government officials and pension.....

Tags : Demand, Bank notes, Government officials

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Reserve Bank of India imposes monetary penalty on DCB Bank Limited(28.10.2020)

The Reserve Bank of India (RBI) has, by an order dated October 28, 2020, imposed a monetary penalty of Rs. 22 lakh (Rupees Twenty Two lakh only) on DC.....

Tags : Penalty, Imposition, DCB Bank Limited

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Order of moratorium in respect of the Lakshmi Vilas Bank Limited(17.11.2020)

1. In exercise of the powers conferred by sub-section (2) of section 45 of the Banking Regulation Act, 1949 (10 of 1949), the Central Government, afte.....

Tags : Moratorium, Lakshmi Vilas bank, Proceedings

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Distribution of Banknotes during November 10 to December 19, 2016(21.12.2016)

Consequent to the announcement of withdrawal of Legal Tender status of banknotes of Rs. 500 and Rs. 1000 denominations from the midnight of November 8.....

Tags : Bank Notes, Distribution

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Lakshmi Vilas Bank Ltd branches to operate as DBS Bank India Ltd. branches from November 27, 2020(25.11.2020)

The Government of India has today sanctioned the Scheme for the amalgamation of the Lakshmi Vilas Bank Ltd. with DBS Bank India Ltd. The amalgamation .....

Tags : Lakshmi Vilas Bank, Scheme, Amalgamation

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India Signs Financing Agreement with World Bank for US$ 48 Million for "Nagaland Health Project"(16.01.2017)

A financing agreement for IDA credit of US$ 48 million (equivalent) for the 'Nagaland Health Project' was signed with the World Bank here today. The F.....

Tags : World Bank, Financing, Health project, Nagaland

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Cancellation of licence to carry on banking business in India under Section 22 read with Section 56 of the Banking Regulation Act, 1949 - Rupee Co-operative Bank Ltd., Pune(02.11.2022)

1. The Reserve Bank of India, vide order No.DOR.MON.LC-04/12.22.218/2022-23 dated August 08, 2022, had cancelled the banking licence of Rupee Co-opera.....

Tags : Cancellation, licence, Banking business

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Central Government hereby declares the services in the Bank Note Paper Mill India Private Limited, Mysore, Karnataka to be a public utility service for the purposes of Industrial Disputes Act, 1947(11.02.2021)

Whereas the Central Government is satisfied that the public interest so requires that the services in the Bank Note Paper Mill India Private Limited, .....

Tags : Bank Note Paper Mill, Public utility, Industrial Disputes Act

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Mandatory Requirement of AADHAR for Individuals Availing Facilities under Specified Schemes through Banks or Financial Institutions(01.03.2017)

Whereas, the use of Aadhaar as identity document for delivery of services or benefits or subsidies simplifies the Government delivery processes, bring.....

Tags : Aadhar, Mandatory, Scheme, Banks

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Issue of Rs. 10 banknotes with improved security features(09.03.2017)

The Reserve Bank of India will shortly issue Rs. 10 denomination banknotes in the Mahatma Gandhi Series-2005 with inset letter 'L' in both the number .....

Tags : Bank Notes, Issuance, Security

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India Signs Loan Agreement with the World Bank for USD 25.2 Million for Chhattisgarh Public Financial Management and Accountability Program(05.03.2019)

The Government of India, the State Government of Chhattisgarh and the World Bank signed here in New Delhi today a $25.2 Million Loan Agreement to supp.....

Tags : Loan Agreement, World bank, Signing of

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RBI grants "in-principle" approval to 11 Applicants for Payments Banks(19.08.2015)

The Reserve Bank of India granted "in-principle" approval to 11 applicants to set up payments banks under the Guidelines for Licensing of Payments Ban.....

Tags : Rbi, payments banks, approved, guidelines

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RBI Committee suggests Way Forward for UCBs(20.08.2015)

The Reserve Bank of India released the 'Report of the High Powered Committee on Urban Co-operative Banks'. Recommendations in the Report focus on busi.....

Tags : Rbi, urban co-operative, bank, report

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Bank Holiday on Second and Fourth Saturdays from September 1(28.08.2015)

All scheduled and non-scheduled banks - public, private, foreign, cooperative, regional rural and local area banks - will observe public holiday on se.....

Tags : Banking, holiday, saturday

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Changes in RTGS time window(01.09.2015)

The Reserve Bank of India notified that RTGS will not be operated on second and fourth Saturdays, but would operate for the full day on working Saturd.....

Tags : Rtgs, bank, timings, window, transfer

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RBI to issue Rs. 5 Coins to commemorate "Golden Jubilee of Indo-Pak War 1965"(03.09.2015)

The Reserve Bank of India will put into circulation Rs. 5 coins to commemorate the Golden Jubilee of Indo-Pak war 1965. Existing coins in the denomina.....

Tags : Bank, coin, war, commemorate, denomination

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Prompt Corrective Action Framework - IDBI Bank Limited(10.03.2021)

The performance of IDBI Bank Limited, currently under the Prompt Corrective Action Framework (PCAF) of RBI, was reviewed by the Board for Financial Su.....

Tags : PCAF, IDBI Bank, Review

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Change in Bank Rates(08.02.2023)

1. Please refer to circular DOR.RET.REC.88/12.01.001/2022-23 dated December 07, 2022 on the captioned subject.

2. As announced in the Moneta.....

Tags : Change, Bank Rate, Monetary Policy

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Issue of Rs. 10 Denomination Banknotes in Mahatma Gandhi (New) Series bearing the signature of Shri Shaktikanta Das, Governor(20.05.2019)

The Reserve Bank of India will shortly issue Rs. 10 denomination Banknotes in Mahatma Gandhi (New) Series bearing the signature of Shri Shaktikanta Da.....

Tags : Issue, Rs. 10 Denomination, Banknotes

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Cabinet approves Interest Subvention to banks on Short-Term crop loan to farmers(14.06.2017)

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the Interest Subvention Scheme (ISS) for farmers for the year 2017-18......

Tags : Approval, Interest Subvention, Banks

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Reserve Bank of India imposes monetary penalty on South Indian Bank Limited(19.06.2019)

The Reserve Bank of India (RBI) has imposed, by order dated June 13, 2019, monetary penalty of Rs.1 million on South Indian Bank Limited (the bank) fo.....

Tags : Monetary penalty, Imposition, South Indian Bank Limited

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Cancellation of banking licence of Adoor Co-operative Urban Bank Ltd., Adoor, Kerala(25.04.2023)

Reserve Bank of India (RBI) is satisfied to notify The Adoor Co-operative Urban Bank Ltd., Adoor, Kerala as a non-banking Institution under Section 36.....

Tags : Banking licence, Cancellation, Notification

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"Seventeen States/UTS Have Imposed Complete Ban on Use of Polythene Bags": Minister(08.08.2017)

"As per the provisions of Plastic Waste Management Rules, 2016, the generators of waste have been mandated to take steps to minimize generation of pla.....

Tags : Ban, Polythene Bags, Use

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Extension of last date to receive comments on TRAI's Consultation Paper on Data Speed under Wireless Broadband Plans dated 1st June, 2017(20.07.2017)

Telecom Regulatory Authority of India (TRAI) had invited comments of stakeholders on Consultation Paper on Data Speed under Wireless Broadband Plans d.....

Tags : Date, Extension, Consultation Paper, Data Speed, Broadband Plans

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National Bank for Agriculture and Rural Development is allowed to perform Aadhaar authentication(15.06.2023)

1.In pursuance of sub-clause (ii) of clause (b) of sub-section (4) of section 4 of the Aadhaar (Targeted Delivery of Financial and Other Subsidies, Be.....

Tags : National Bank, Aadhaar authentication, Agricultural loan

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Withdrawal of Rs. 2000 Denomination Banknotes - Status(03.07.2023)

The Reserve Bank of India had announced the withdrawal of ₹ 2000 banknotes from circulation vide Press Release 2023-2024/257 dated May 19, 2023. The t.....

Tags : Withdrawal, Banknotes, Status

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RBI permits internet banking in regional rural banks(19.11.2015)

The Reserve Bank of India permitted Regional Rural Banks to provide internet banking facilities to their customers, provided they have implemented the.....

Tags : Regional, rural bank, internet banking

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Permitting non-scheduled payments banks to register as bankers to an issue(03.08.2021)

1. SEBI vide notification dated July 30, 2021, amended the SEBI (Bankers to an Issue) Regulations, 1994 (BTI Regulations) thereby permitting such othe.....

Tags : Non-scheduled payments banks, Registration, Permission

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Reserve Bank of India imposes monetary penalty on Axis Bank Limited(01.09.2021)

The Reserve Bank of India (RBI) has imposed, by an order dated September 01, 2021, a monetary penalty of Rs. 25 lakh (Rupees Twenty five lakh only) on.....

Tags : Penalty, Imposition, Axis Bank

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Sectoral Deployment of Bank Credit - July 2023(31.08.2023)

Data on sectoral deployment of bank credit for the month of July 20231 collected from 40 select scheduled commercial banks, accounting for about 93 pe.....

Tags : Sectoral Deployment, Bank Credit, July 2023

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Lending and Deposit Rates of Scheduled Commercial Banks - September 2023(28.09.2023)

Data on lending and deposit rates of scheduled commercial banks (SCBs) (excluding regional rural banks and small finance banks) for the month of Septe.....

Tags : Scheduled Commercial Banks, Lending Rates, Deposit Rates

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Government Panel invites suggestions/comments from stakeholders about the provisions of the Insolvency and Bankruptcy Code and the Rules and Regulations notified there under(14.12.2017)

In the First Meeting of the Insolvency Law Committee, held on 08th December, 2017, under the Chairmanship of the Secretary, Ministry of Corporate Affa.....

Tags : Suggestions, Stakeholders, Bankruptcy Code

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Maintenance of current accounts in multiple banks by Insurance Intermediaries(29.12.2021)

1. It has been observed that the insurance intermediaries maintain multiple current accounts with banks at different operational levels, i.e., Branch .....

Tags : Maintenance, Current accounts, Multiple banks

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Punjab and Maharashtra Co-operative Bank Ltd. branches to operate as Unity Small Finance Bank Ltd.(25.01.2022)

The Government of India has today sanctioned and notified the Scheme for the amalgamation of the Punjab and Maharashtra Co-operative Bank Ltd. (PMC Ba.....

Tags : Branches, Operation, Unity Small Finance Bank Ltd.

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Central government outlay for conserving Bengaluru’s lakes(14.06.2016)

Collaboration between the Ministry of Chemicals and Fertilizers and Environment Ministry will see round-the-clock online monitoring of all sewage trea.....

Tags : bangalore, sewage, pollution, lake

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Implementation of Indian Accounting Standards(23.06.2016)

RBI asked banks to submit Proforma Ind AS (Indian Accounting Standards) Financial Statements for half year ending 30 September 2016 by 30 November 201.....

Tags : ind as, banks, financial statements

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Government of India and World Bank signs $500 Million Additional Financing for Pradhan Mantri Gram Sadak Yojana Rural Roads Project(31.05.2018)

The Government of India and the World Bank today signed a $500 million loan agreement to provide additional financing for the Pradhan Mantri Gram Sada.....

Tags : Roads Project, Financing, World Bank

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Provisioning on interbank exposure of Primary (Urban) Co-operative Banks (UCBs) under All Inclusive Directions(20.04.2020)

1. As you are aware, the imposition of All-inclusive Directions (AID) on an Urban Co-operative Bank (UCB), inter alia, restricts the bank from dischar.....

Tags : Provisioning, interbank exposure, UCBs

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News

RBI Permits Banks to Convert Stressed Loans into Standard, Conditions Apply(25.09.2015)

RBI has said that it would permit banks to convert status of their "stressed" loans to a company into "standard" ones if entity is sold to a new major.....

Tags : RBI,Banks

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RBI Orders Concurrent Auditors to Submit Reports on Non-Performing Loans Directly to Banks(25.09.2015)

Reserve Bank of India (RBI) has directed concurrent auditors of commercial banks to submit their review of non-performing loans directly to the banks .....

Tags : Reserve Bank of India,concurrent auditors of commercial banks

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RBI Cut Repo Rate by 50 bps(29.09.2015)

Reserve Bank of India (RBI) has cut its repo rate by 50 basis points to 6.75%, while keeping the Cash Reserve Ratio (CRR) unchanged at 4%. This was fo.....

Tags : Reserve Bank of India, Repo Rate

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NGT Raps Vrindaban Authorities over Reckless Dumping of Municipal Waste(30.09.2015)

National Green Tribunal (NGT) while taking note of reckless dumping of municipal waste in Vrindavan, has rapped civic authorities and directed removal.....

Tags : National Green Tribunal, Vrindaban Authorities

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RBI Permits Companies to Raise $750 mn through Rupee Bonds(30.09.2015)

Reserve Bank of India (RBI) has permitted companies to raise up to $750 million from overseas markets under automatic route, through rupee-denominated.....

Tags : Reserve Bank of India ,companies

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Sebi Exempts 3 PSBs From Takeover Code Obligations(30.09.2015)

Securities and Exchange Board of India (Sebi) has exempted Centre from discloser of takeover code obligations for its investment in Dena Bank, Bank of.....

Tags : Securities and Exchange Board of India,Dena Bank, Bank of India, Corporation Bank.

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NGT Serves Notice to Centre over Plea Seeking Cattle Slaughter Ban(01.10.2015)

National Green Tribunal (NGT) has served a notice to Centre looking for its response to plea demanding nationwide ban on slaughter of indigenous cattl.....

Tags : National Green Tribunal ,Cattle Slaughter Ban

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Delhi High Court Observes that Delhi Fall in Seismic Zone 4, Concerns Disaster(29.10.2015)

Delhi HC while taking note of earthquake, has observed that Delhi fell in Seismic Zone 4, has asked Ministry of Urban Development to explain why it ha.....

Tags : Delhi HC, Centre, Delhi Govt. Ministry of Urban Development

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RBI Says No Fresh Permission to Foreign Law Firms for Liaison Office(30.10.2015)

Reserve Bank of India (RBI) has said it would not grant fresh or renewed permission to any foreign law firm to open a liaison office in the country.

Tags : Reserve Bank of India, Foreign Law Firms

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RBI Permits Custodians or Banks to Short-Sell in Govt. Bond Market(30.10.2015)

Reserve Bank of India (RBI) has permitted custodians or banks to short-sell in Government Bond Market with primary members or individual bank customer.....

Tags : Reserve Bank of India, Government Bond Market, Custodians , Banks

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RBI Allows NRIs to Investment in National Pension Schemes(30.10.2015)

Reserve Bank of India (RBI) has allowed Non-Resident Indians (NRIs) to subscribe to pension scheme, which is governed, administered by Pension Fund Re.....

Tags : Reserve Bank of India, Non-Resident Indians, National Pension Schemes

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RBI Grants NBFCs More Power to Change Ownership in Stressed Firms(30.10.2015)

Reserve Bank of India (RBI) has allowed Non-Banking Finance Companies (NBFCs) to upgrade credit facilities extended to borrowing entities whose owners.....

Tags : Reserve Bank of India, Non-Banking Finance Companies

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Hyderabad High Court Serves Notice to Union Minister YS Chowdary(03.11.2015)

Hyderabad High Court has issued notice to Union Minister YS Chowdary and others in a contempt petition filed by the Mauritius Commercial Bank.

Tags : Hyderabad High Court, Union Minister YS Chowdary , Mauritius Commercial Bank

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Deepak Singhal Takes Over as RBI Executive Director(04.11.2015)

Deepak Singhal has taken over as new Executive Director at the Reserve Bank of India (RBI).

Tags : Reserve Bank of India

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Delhi High Court Admits PIL Against Cigarette Sale, Smoking on its Premises(04.11.2015)

Delhi High Court has admitted a PIL seeking ban on smoking in court complex and removal of all shops selling tobacco and cigarette there citing its il.....

Tags : Delhi High Court, ban on smoking

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RBI Issues Gold Bonds Operational Guidelines(05.11.2015)

Reserve Bank has issued operational guidelines for Sovereign Gold Bonds, 2015-16 and mandated some operational procedures for Commercial banks and pos.....

Tags : Reserve Bank of India, Commercial banks , post offices, Gold Bonds Operational Guidelines

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NGT Isues Notices to Civic Agencies over Mahanadi Pollution(06.11.2015)

National Green Tribunal (NGT) has issued showcause notices to Subarnapur District Administration and Sonepur Town Municipality and Odisha Housing and .....

Tags : National Green Tribunal , Subarnapur District Administration , Sonepur Town Municipality , Odisha Housing and Urban Development Department

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RBI Permits Cooperative Banks to Offer Internet Banking Services(06.11.2015)

RBI has allowed all cooperative banks to offer Internet banking services to their customers and said that any Urban Cooperative Bank, State Cooperativ.....

Tags : RBI , Cooperative Banks , Internet Banking Services

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RBI Includes Bandhan Bank in Second Schedule List(06.11.2015)

Reserve Bank of India (RBI) has said that Bandhan Bank is now included in the second schedule list, making it eligible for loans from the central bank.....

Tags : Reserve Bank of India , Bandhan Bank

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RBI Stop to Barter Trade on Indo-Myanmar Border(06.11.2015)

Reserve Bank of India (RBI) has decided to officially stop barter system, which is trading of goods without exchange of money, at Indo-Myanmar border......

Tags : Reserve Bank of India , Barter Trade , Indo-Myanmar Border

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Patna HC Junks Principal Secretary’s Order to Remove Deputy Mayor(15.12.2015)

Patna HC has junked order of Principal Secretary, Urban Development and Housing Department (UDHD) to remove Roop Narayan from the post of Deputy Chief.....

Tags : Patna HC, Urban Development and Housing Department, Roop Narayan

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SC: RBI Must Disclose All Info About Banks Under RTI(17.12.2015)

Supreme Court has ruled that Reserve Bank of India (RBI) is bound in law to give information regarding private and public banks under the Right To Inf.....

Tags : Supreme Court, Right To Information , Reserve Bank of India

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Delhi HC Directs DUSIB to Carry Survey and Assist Govt. in Providing Relief to Shakurbasti People(17.12.2015)

Delhi High Court has asked Delhi Urban Shelter Improvement Board (DUSIB) to carry out a survey and share its findings with Central government, Delhi g.....

Tags : Delhi High Court , Delhi Urban Shelter Improvement Board

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RBI Issues New Guidelines for Banks to Fix Lending Rate(18.12.2015)

Reserve Bank of India (RBI) has issued new guidelines on how banks can calculate their lending rates in a bid to make them more closely based on marke.....

Tags : Reserve Bank of India , lending rates

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RBI to Banks: Allow Mobile Banking Registration at ATMs(18.12.2015)

Reserve Bank of India (RBI) has asked all National Financial Switch (NFS) member banks to make changes in ATM switches by March 2016 to help customers.....

Tags : Reserve Bank of India, National Financial Switch

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NGT Orders Sunderbans Mapping(21.12.2015)

National Green Tribunal (NGT) has directed Ministry of Environment and Forests to map the Sundarbans, marking out the three zones of transient, buffe.....

Tags : NGT , Sundarbans

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Delhi HC Refuses to Take Plea for Law to Ban Cow Slaughter(21.12.2015)

Delhi High Court has refused to entertain a petition seeking enactment of a law prohibiting slaughter of cows, saying that issue is beyond the domain .....

Tags : Delhi High Court, Law to Ban Cow Slaughter

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RBI Issues 17 Master Directions Related to FEMA(05.01.2016)

Reserve Bank of India (RBI) has issued 17 Master Directions covering foreign exchange transactions on various regulatory issues in order to simplify .....

Tags : Reserve Bank of India, Master Directions

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Supreme Court Upholds Ban on Registration of Diesel SUV and Cars over 2000 cc to Continue(05.01.2016)

Supreme Court has said that a ban on sale and registration of diesel vehicles with engine capacities of 2,000 cc and above in National Capital Region .....

Tags : Supreme Court, Ban on Registration of Diesel SUV and Cars

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Bankruptcy, Insolvency Related Work To be Done By Department of Economic Affairs(07.01.2016)

The work relating to bankruptcy and insolvency has been taken out from the domain of Law Ministry and put under Department of Economic Affairs, a step.....

Tags : bankruptcy and insolvency , Department of Economic Affairs, Law Ministry

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RBI Allows IFSCs Bank Branches to Open Foreign Currency Current Accounts(08.01.2016)

Reserve Bank of India (RBI) has permitted bank branches at International Financial Services Centres (IFSCs) to open foreign currency current accounts .....

Tags : Reserve Bank of India , International Financial Services Centres

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RBI Allows Banks to Extend Non-Fund Based Credit(08.01.2016)

Reserve Bank of India (RBI) has allowed banks to extend non-fund based credit, not the usual form of normal loans and thereby lifted the old age ban.

Tags : Reserve Bank of India, non-fund based credit

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SC Recalls Order for Promotion Quota in Banks(11.01.2016)

Supreme Court has recalled its direction to grant quota in promotions to SC/ST employees in higher grade posts in public sector banks, and left it to .....

Tags : Supreme Court, quota in promotions to SC/ST employees , public sector banks

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CCI Junks Compliant Against GVK Power, 2 Others(11.01.2016)

Competition Commission of India (CCI) has rejected complaints against Bangalore International Airport, GVK Power & Infrastructure and Airports Authori.....

Tags : Competition Commission of India , Bangalore International Airport, GVK Power & Infrastructure and Airports Authority of India

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RBI Permits Banks to Offer More Services Via Offsite ATMs(15.01.2016)

Reserve Bank of India (RBI) has said that banks are now free to offer all their products and services through the ATM channels provided technology per.....

Tags : Reserve Bank of India, ATM

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RBI: Aadhaar is Not Mandatory for DBT Scheme(15.01.2016)

Reserve Bank of India (RBI) has said in a clarification on Direct Benefit Transfer (DBT) Scheme that use of Aadhaar cards and seeding of bank accounts.....

Tags : Reserve Bank of India, Direct Benefit Transfer, Aadhaar

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NGT Seeks Complete Ban on Plastic Bags in Punjab and Haryana(18.01.2016)

National Green Tribunal (NGT) has prohibited use of plastic carry bags in various areas of Punjab and Haryana and sought responses on imposition of a .....

Tags : National Green Tribunal, Punjab and Haryana, Ban on Plastic Bags

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Govt.: MUDRA Not to Regulate Micro Finance Institutions (MFIs)(18.01.2016)

Government has said that Reserve Bank of India would continue to regulate MFIs registered as Non-Banking Finance Companies (NBFCs) with central bank. .....

Tags : Government ,R eserve Bank of India , MFIs, MUDRA

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Gujarat HC: Husband Can't Skip Obligations to Wife(20.01.2016)

Gujarat High Court, while acting on a petition filed by an Australia-based petitioner to set aside an FIR of dowry harassment filed against him by his.....

Tags : Gujarat High Court, husband, wife

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RBI Simplifies Gold Monetisation Scheme(22.01.2016)

Reserve Bank of India (RBI) has simplified Gold Monetisation Scheme (GMS) for bulk depositors, in order to help temple boards to do so and also allowe.....

Tags : Reserve Bank of India , Gold Monetisation Scheme

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RBI Nods to Hike Service Charge on Deposits by Non-Chest Branches(22.01.2016)

Reserve Bank of India (RBI) has said currency chest holding branches can raise service charges to be levied on cash deposited by non-chest bank branch.....

Tags : Reserve Bank of India, Non-Chest Branches

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Delhi HC Put Stay on Corex Ban(15.03.2016)

Delhi High Court has put stay order to drug maker Pfizer against a ban imposed by Health Ministry on its popular cough syrup Corex.

Tags : Delhi High Court, Corex Ban

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RBI to Banks: Pay Interest on Savings Account Every Quarter(16.03.2016)

Reserve Bank of India (RBI) has asked banks to pay interest on their customers’ savings accounts on a quarterly basis or shorter duration.

Tags : Reserve Bank of India, savings accounts

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RBI Issues Norms for PDs in Exchange-Traded Currency Futures(18.03.2016)

Reserve Bank of India (RBI) has issued guidelines permitting standalone Primary Dealers (PDs) to participate in exchange-traded currency futures on ap.....

Tags : Reserve Bank of India , Primary Dealers, Currency Futures

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RBI Revises Rules for Resolution of Stressed MSME Loans(18.03.2016)

Reserve Bank of India (RBI) has revised rules pertaining to revival of advances to small businesses and asked lenders to form district-level committee.....

Tags : Reserve Bank of India , MSME

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RBI Permits Banks to Adjust Excess Pension(18.03.2016)

Reserve Bank of India (RBI) has allowed banks to adjust excess or wrongful payments to pensioners with their accounts. In case the entire amount could.....

Tags : Reserve Bank of India , Pension

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RBI Relaxes Reporting Requirement of NEFT Transactions(18.03.2016)

Reserve Bank of India (RBI) has said it is discontinuing provision where banks had to submit data pertaining to NEFT (National Electronic Fund Transfe.....

Tags : Reserve Bank of India, NEFT Transactions

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Delhi Court Grants Interim Bail for 6 Months to Umar Khalid, Anirban Bhattacharya(18.03.2016)

Delhi Court has granted bail to Jawaharlal Nehru University students Umar Khalid and Anirban Bhattacharya who have been accused of raising anti-nation.....

Tags : Delhi Court , Umar Khalid, Anirban Bhattacharya

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RBI Eases LCR Norm(25.03.2016)

Reserve Bank of India (RBI) has given bankers more flexibility in maintenance of Liquidity Coverage Ratio (LCR) under Basel III by tweaking certain no.....

Tags : Reserve Bank of India, Liquidity Coverage Ratio

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Karnataka High Court Restrains IDBI Bank Employees from Carrying Out Strike(28.03.2016)

Karnataka HC while passing order on the petition filed by the IDBI Bank’s management challenging the notices issued by United Platform of Bank Unions .....

Tags : Karnataka High Court, IDBI Bank

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Delhi HC Denies to Vacate Stay on Drug Ban(30.03.2016)

Delhi HC has declined to vacate stay earlier granted to certain drug brands banned by the health ministry, and said it would hear all final arguments .....

Tags : Delhi HC, Drug Ban

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RBI: Fixed Rate Loans up to 3 Years to be Based on Marginal Cost(30.03.2016)

Reserve Bank of India (RBI) has asked banks to price fixed rate loans of up to three years based on their marginal cost of fund from April 1.

Tags : Reserve Bank of India, Fixed Rate Loans

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RBI Increases Investment Limit of FPIs(30.03.2016)

Reserve Bank of India (RBI) has increased investment limit of Foreign Portfolio Investors (FPIs) in central government bonds to Rs 2 lakh crore, from .....

Tags : Reserve Bank of India, Foreign Portfolio Investors

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RBI Extends E-Payment Deadline and Banking Hours(30.03.2016)

Reserve Bank of India (RBI) has issued instructions wherein it has been decided that all agency banks shall keep counters of their designated branches.....

Tags : Reserve Bank of India, E-Payment

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RBI Relaxes ECB Norms for Infrastructure Sector(31.03.2016)

Reserve Bank of India (RBI) has allowed all companies engaged in infrastructure sector to raise external commercial borrowings with a minimum maturity.....

Tags : Reserve Bank of India, ECB Norms

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Delhi HC Rejects Plea Against Padma Vibhushan To Dhirubhai Ambani(26.05.2016)

Delhi High Court has denied to entertain a petition seeking direction to quash Government notification conferring Padma Vibhushan award in 2016 to lat.....

Tags : Delhi High Court, Dhirubhai Ambani,, Padma Vibhushan award

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RBI: SDR Norms Applicable to NBFCs Too(27.05.2016)

Reserve Bank of India (RBI) has said that modifications made to Strategic Debt Restructuring (SDR) mechanism by RBI in February this year will now be .....

Tags : Reserve Bank of India, NBFCs, SDR

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Delhi HC Puts on Hold JNU’s Action against Umar, Anirban(27.05.2016)

Delhi HC has put on hold disciplinary action taken by JNU administration against students Umar Khalid and Anirban Bhattacharya, accused of sedition in.....

Tags : Delhi HC , JNU , Umar Khalid , Anirban Bhattacharya,

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SC Denies to Cancel Rahul Raj Singh's Anticipatory Bail(30.05.2016)

Supreme Court has denied to cancel anticipatory bail issued to Rahul Raj Singh in the Pratyusha Banerjee suicide case.

Tags : Supreme Court, Rahul Raj Singh, Pratyusha Banerjee suicide case

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NGT: No Diesel Ban in Other Cities for Now(01.06.2016)

National Green Tribunal (NGT) has said it was not planning to immediately extend the ban on diesel luxury vehicles (with an engine capacity of over 20.....

Tags : NGT, Diesel ban

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Delhi HC Seeks Response from AAP Govt. on PIL Demanding Ban on Chinese Manjas(02.06.2016)

Delhi high court has sought reply from the AAP Government on a PIL demanding an immediate ban on Chinese manja, thread used to fly kites.

Tags : Delhi High Court, ban on Chinese manja

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Government Banks on New PSU Norms for Higher Non-tax Revenue(09.06.2016)

Centre has released new guidelines on capital restructuring of state-owned companies, which will make them more accountable on matters of dividends, b.....

Tags : Government Banks, PSU Norms

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RBI Eases NBFC Loan Restructuring Norms(31.07.2015)

Reserve Bank of India (RBI) has permitted non-bank lenders to retain the 'standard asset' tag on a restructured loan for an extended period if an infr.....

Tags : Reserve Bank of India

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Delhi High Court Refrains From Vacating Order Against Ban on Tobacco Products(04.08.2015)

Delhi High Court has refrained itself from vacating an order by which the Aam Aadmi Party Government was restrained from taking coercive measures agai.....

Tags : Delhi High Court, Tobacco, Ban

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NGT Bans Construction in Sundarbans(07.08.2015)

National Green Tribunal (NGT), Eastern Zone Bench has ordered a blanket ban on construction in the Sundarbans.

Tags : NGT, Sundarbans

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RBI Allows Banks to Shift, Merge or Shut Urban Branches(07.08.2015)

Reserve Bank of India has given permission to banks to shift, merge or close branches in urban areas without seeking it’s prior permission.

Tags : RBI, Urban Brances

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Madras High Court: Willfull Desertion of Husband Doesn't Disqualify Alimony to Wife(10.08.2015)

Madras High Court has held that in case a woman is not willing to live with her husband and desert him that does not disqualify her from getting maint.....

Tags : Madras High Court, Husband, Desertion, Alimony

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Delhi HC Dismisses Plea Seeking a Ban on Burqas(15.11.2016)

Delhi High Court has refused to entertain a PIL seeking a ban on burqas and other face veils in public places due to security threat to National Capit.....

Tags : Delhi High Court, Ban, Burqas

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Bombay HC Rejects Bilkis Bano’s Plea to Intervene in Appeal Filed by Convicts(16.11.2016)

Bombay High Court has rejected a plea filed by Gujarat riot rape survivor Bilkis Bano to intervene and be heard in an appeal filed by convicts and in .....

Tags : Bombay High Court, Bilkis Bano, rape, murder

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Karnataka HC Dismisses PIL Seeking Ban on Tobacco Products(16.11.2016)

Karnataka High Court has asked Cancer Patients Aid Association (CPAA) to approach State in event of any problem rising in implementation of order date.....

Tags : Karnataka High Court, Cancer Patients Aid Association, Tobacco Products, Ban

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Bombay HC Refuses to Hear Co-operative Banks Plea on Demonetization Issue(25.11.2016)

Bombay High Court has said that it cannot hear petitions filed by District Co-operative Banks on demonetization issue or grant any relief to them, and.....

Tags : Bombay High Court, Co-operative Banks, demonetization

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Supreme Court Bans Fire Crackers in Delhi, NCR to Curb Air Pollution(25.11.2016)

Supreme Court has ordered ban on sale of fire crackers in Delhi and NCR to curb increasing pollution levels.

Tags : Supreme Court , Fire Crackers, Ban, Delhi, NCR

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CIC: Records of Loans to Adani Groups Cannot be Disclosed under RTI(28.11.2016)

Central Information Commission (CIC) has held that records related to loans given to industries promoted by Gautam Adani cannot be disclosed as these .....

Tags : Central Information Commission, Gautam Adani , State Bank of India , Loans

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Hyderabad HC Questions Centre’s Policy over Role of Cooperative Banks in Demonetization Drive(30.11.2016)

Hyderabad High Court has questioned Centre as to why it was not taking into confidence Cooperative Banks in its fight against black money.

Tags : Hyderabad HC, Cooperative Banks , Demonetization

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Gujarat HC Seeks Centre’s, RBI’s Response over DCCBs Note Exchange Ban(30.11.2016)

Gujarat High Court has sought replies from Centre and RBI on a petition challenging legality of their notifications banning District Central Co-Operat.....

Tags : Gujarat High Court, demonetization, Co-Operative Banks

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RBI Capped Withdrawal From Jan Dhan Accounts to Rs. 10000 Per Month(30.11.2016)

Reserve Bank of India (RBI) has issued a notification saying that Jan Dhan Account Holders will be allowed to withdraw only Rs 10,000 a month, as a te.....

Tags : Reserve Bank of India, Jan Dhan Account, money laundering, withdraw

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Insolvency and Bankruptcy Code Kicks In With Effect From Today(01.12.2016)

Insolvency and Bankruptcy Code which aims to help quicker resolution of cases and unlock value of assets has become operational from today.

Tags : Insolvency and Bankruptcy Code

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Karnataka HC Slams State Over Nomination to Syndicate of Bangalore University(17.01.2017)

Karnataka High Court has expressed its displeasure over State and its bureaucracy for their inaction to take a final decision on certain allegations m.....

Tags : Karnataka High Court, Bangalore University, Syndicate

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Bombay HC Directs Railways to Make Suburban Stations Disabled-Friendly(19.01.2017)

Bombay High Court has warned Railways that it will initiate contempt proceedings against General Managers of Central and Western Railways if it does n.....

Tags : Bombay High Court , Railways, Suburban Stations, Disabled-Friendly

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Patna HC Notices Bihar Govt Over Proposed Human Chain Programme(19.01.2017)

Patna High Court has directed Bihar Government to reply on school children being roped in for proposed human chain programme in support of prohibition.....

Tags : Patna High Court , Human Chain Programme, Liquor Ban

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Government: Bank Deposits Before April 01, 2016 Can be Declared Under PMGKY(19.01.2017)

Govt has clarified that deposits in bank accounts made before 1 April 2016 can also be declared under Pradhan Mantri Garib Kalyan Yojana (PMGKY), the .....

Tags : Bank Deposits, Pradhan Mantri Garib Kalyan Yojana, income disclosure scheme

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Patna HC Gives Nod to 'Human Chain Event' On Condition of Making Children's Participation Voluntary(20.01.2017)

Patna High Court has given its nod to Bihar Govt 'Human Chain Event', after Government gave an undertaking for making children's participation volunta.....

Tags : Patna High Court, Human Chain Event, liquor ban

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PMGKD Scheme Amended to Exclude Co-operative Banks From Accepting Deposits(23.01.2017)

Central Government has amended Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS), 2016 to exclude Co-operative Banks from accepting deposits under P.....

Tags : Pradhan Mantri Garib Kalyan Deposit Scheme, Co-operative Banks

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RBI Rejects EC Request to Enhance Withdrawal Limits For Poll Candidates(30.01.2017)

Reserve Bank of India (RBI) has rejected request of Election Commission (EC) to enhance weekly cash-withdrawal limit, imposed after demonetisation, fo.....

Tags : Reserve Bank of India, Election Commission

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RBI: No Restrictions on ATM Withdrawals From Feb 01(31.01.2017)

Reserve Bank of India (RBI) has said that limits on ATM withdrawals will further be eased from February 1 and curbs on branch withdrawals from current.....

Tags : Reserve Bank of India, ATM Withdrawals

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Bombay HC Slams RBI For Not Exchanging Old Notes in Deceased’s Locker(03.02.2017)

Bombay High Court came down heavily on Reserve Bank of India (RBI) for not complying with its order to change demonetised currency notes totalling Rs .....

Tags : Bombay High Court , Reserve Bank of India

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TRAI Gives Clean Cheat to Jio’s Happy New Year Plan(03.02.2017)

Telecom Regulatory Authority of India (TRAI) has given a clean chit to billionaire Mukesh Ambani-run firm Jio’s free voice calling and data plan on it.....

Tags : Telecom Regulatory Authority of India. JIO, Mukesh Ambani

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RBI Directs Banks to Report Cyber Crimes within 6 Hours(03.02.2017)

RBI, while asking banks to report any cyber security incident within two to six hours of its happening, has warned lenders that any delay in reporting.....

Tags : Reserve Bank of India, cyber security

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RBI Allows NRIs to Access ETCS Market(03.02.2017)

Reserve Bank of India (RBI) has allowed NRIs access to Exchange Traded Currency Derivatives (ETCD) market to hedge currency risk arising out of their .....

Tags : Reserve Bank of India, Exchange Traded Currency Derivatives

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RBI Issues Revised Guidelines For Commercial Papers(03.02.2017)

Reserve Bank of India (RBI) has issued revised guidelines for commercial papers, including mandating that the issuer must disclose end-use of such fun.....

Tags : Reserve Bank of India, commercial papers

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Bombay HC: Mere Repayment of Loan Amount ‘No Ground’ For Quashing Cheating Case(29.03.2017)

Bombay High Court has held that re-payment of loan amount will not have any adverse effect on a criminal prosecution and observed that offences involv.....

Tags : Bombay High Court, banking and loan transactions

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RBI: Banks to Remain Closed on April 1(31.03.2017)

Reversing its earlier order, Reserve Bank (RBI) has said that the bank branches dealing in government businesses need not remain open on April 1 in vi.....

Tags : Reserve Bank of India, April 1

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Status Quo on MDR: RBI(31.03.2017)

RBI has said that its mid-December 2016 ‘special measures’ on rationalisation of merchant discount rate (MDR) will continue whereby MDR for transactio.....

Tags : Reserve Bank of India, merchant discount rate

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Supreme Court Reduces Highway Liquor Ban Distance from 500m to 220m in Small Towns(03.04.2017)

Supreme Court has partially modified its order banning liquor vendors in the vicinity of 500 metres on National and State highways. However it refused.....

Tags : Supreme Court, Highway Liquor Ban

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Supreme Court Dismisses Plea Against Bangladeshi Migrants(03.04.2017)

Supreme Court has junked a PIL seeking action against illegal Bangladeshi migrants whose influx has affected the sovereignty and integrity of the coun.....

Tags : Supreme Court, Bangladeshi migrants

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Bombay HC Rejects Review Petition Filed by Victoria Owners(04.04.2017)

Bombay High Court has dismissed the review petition filed by horse carriage owners calling for the Victoria ban to be overturned.

Tags : Bombay High Court, Victoria Ban

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Bombay High Court Stays Ban on Sale of Meat in Mumbai on September 17(14.09.2015)

Bombay High Court on petition challenging ban imposed in name of Jain community's 'Paryushan' fasting period, has stayed ban on sale of meat in Mumbai.....

Tags : Bombay High Court,Paryushan,Ban on Sale of Meat

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RBI Cancels Sahara's NBFC Licence for Flouting Know-Your-Customer Norms(15.09.2015)

Reserve Bank of India (RBI) has cancelled licence of Sahara India Financial Corporation Ltd (SIFCL), Sahara group’s Non-Banking Financial Co.(NBFC), e.....

Tags : Reserve Bank of India , Sahara

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RBI Shortlists 10 Micro Lenders to Set Up Small Banks(17.09.2015)

RBI has shortlisted 10 micro lenders to set up small banks to advance loans primarily to unbanked, small businesses , farmers, micro industries, small.....

Tags : RBI ,small banks

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RBI Relaxes Norms on Loans to CEOs, Directors of Banks(17.09.2015)

RBI has said that loans granted to CEO and Whole Time Director of banks for purchasing car, personal computer, furniture, constructing/acquiring house.....

Tags : RBI, Loans to CEOs, Directors of Banks

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Bombay High Court Denies to Lift Beef Ban During Bakri Eid(22.09.2015)

Bombay HC has rejected to lift beef ban for 3 days, Sept 25-27 during Bakr-Eid, on several petitions filed by Muslim community, observing that grantin.....

Tags : Bombay High Court,Beef ban

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NCLAT Rules 'Dispute' As Defined in IBC is Illustrative and Not Exhaustive(25.05.2017)

National Company Law Appellate Tribunal has held that the term “dispute” as defined in Insolvency and Bankruptcy Code (S. 9) is illustrative and not e.....

Tags : National Company Law Appellate Tribunal, Insolvency and Bankruptcy Code

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Federal Court of Appeals Upholds Block on Trump's Travel Ban(29.05.2017)

Virginia-based 4th Circuit Court of Appeals has upheld a lower Court ruling against President Donald Trump’s revised executive order banning entry to .....

Tags : Federal Court of Appeals, Trump's Travel Ban

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RBI Issues Norms for Partial Credit Enhancement to Corporate Bonds(29.05.2017)

Reserve Bank of India has issued norms for Partial Credit Enhancement to Corporate Bonds making it mandatory for corporate bonds to have rating by a m.....

Tags : Reserve Bank of India, Partial Credit Enhancement

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RBI Revises Guidelines on Rationalization of Branch Authorization Policy(29.05.2017)

Reserve Bank of India (RBI) has liberalised Branch Authorization Policy and has also widened role of bank boards, making them responsible for complyin.....

Tags : Reserve Bank of India, Branch Authorization Policy

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Kerala HC Notices Union Over Plea Challenging Ban on Sale of Cattle For Slaughter(30.05.2017)

Kerala High Court has asked Central Government to respond to petitions challenging ban on sale of cattle for slaughter.

Tags : Kerala High Court, Beef Ban

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Madras High Court Suspends Centre's Ban on Cattle Trade for Slaughter, Issues Show Cause Notice(31.05.2017)

Madras High Court has put on hold Centre's restrictions on sale and purchase of cattle for slaughter for four weeks and has asked it to respond within.....

Tags : Madras High Court, slaughter, slaughter ban

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Supreme Court Says 'No' to Pleas Seeking Stay on Conviction of IPS Officer in 2002 Bilkis Case(31.05.2017)

Supreme Court has refused to stay conviction of an IPS officer in sensational 2002 Bilkis Bano case.

Tags : Supreme Court, Bilkis Bano

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Kerala High Court: No Need to Interfere With New Rules on Cattle Slaughter Ban(01.06.2017)

Kerala High Court has said that there is no need for it to interfere with new rules proposing ban on cattle slaughter as it doesn't violate the Consti.....

Tags : Kerala High Court, Cattle Slaughter Ban

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Bombay HC Asks State Excise, PWD To Decide Whether SC’s Booze Ban Order is Applicable to Bars, Hotels(14.06.2017)

Bombay High Court has directed Secretary (Road) PWD and Commissioner for State Excise to decide whether certain bars, hotels and permit rooms are cove.....

Tags : Bombay High Court, highway liquor ban

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CIC Directs RBI To Appoint Nodal CPIO(14.06.2017)

Central Information Commission (CIC) has directed Reserve Bank of India to appoint a Nodal Central Public Information Officer (CPIO), in addition to c.....

Tags : Central Information Commission, Reserve Bank of India

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IBBI Notifies Inspection And Investigation Regulations(19.06.2017)

Insolvency and Bankruptcy Board of India has notified Insolvency and Bankruptcy Board of India (Inspection and Investigation) Regulations, 2017 which .....

Tags : Inspection And Investigation Regulations, Insolvency and Bankruptcy Board of India

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Insolvency And Bankruptcy Board Notifies Fast Track Insolvency Resolution Process(19.06.2017)

IBBI has notified IBBI (Fast Track Insolvency Resolution Process for Corporate Persons) Regulations, 2017 which provide process from initiation of ins.....

Tags : Insolvency and Bankruptcy Board of India, Fast Track, Insolvency Resolution Process

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ITAT, Bangalore: Income of Minor Beneficiaries Can be Clubbed to Income of Parents(19.06.2017)

ITAT, Bangalore has held that income of minor beneficiaries can be clubbed to income of parents under section 64(1)(a) of Income Tax Act, 1961.

Tags : ITAT, Bangalore, Minor, Income

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Govt: Aadhaar Mandatory for Opening Bank Accounts, Transactions Over Rs. 50,000(19.06.2017)

Government, through a notification amending a prevention of money laundering law, has made it mandatory to provide Aadhaar to open a bank account and .....

Tags : Government, Bank Accounts

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#GST: CBEC Notifies Aadhaar/ Bank Account Based Verification for Purpose of CGST Rules(21.06.2017)

Central Board of Excise and Customs (CBEC) has notified Aadhaar based Electronic Verification Code (EVC) or Bank account based One Time Password as mo.....

Tags : Goods and Services Tax, GST, CGST Rules, Aadhaar/ Bank Account

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RBI: No Foreign Exchange Act Action against Declarant for Disclosure Under Black Money Window(01.10.2015)

Reserve Bank of India (RBI) has said no action under FEMA will be taken against declarations under one-time black money compliance window. RBI has alr.....

Tags : Reserve Bank of India ,FEMA ,black money compliance window

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RBI Eases MFI Norms to Provide Cheaper Loans to SCs Below Double Poverty Line(05.10.2015)

Reserve Bank of India (RBI) has eased micro finance norm of maximum 4 % variance in interest rates for small loans offered to Scheduled Castes (SCs ).....

Tags : Reserve Bank of India , SC

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US Supreme Court Partially Allows President Trump’s Executive Order On Travel Ban(27.06.2017)

United States Supreme Court has partially allowed President Trump’s Travel Ban order that imposes a ban on entry of individuals from six countries nam.....

Tags : United States Supreme Court, Travel Ban

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NCLAT Widens Definition of “Dispute” to Resist an Action for Insolvency Under Bankruptcy Code(29.06.2017)

NCLAT has widened definition of 'dispute' u/s 8,9 of Insolvency and Bankruptcy Code to include, apart from existing suits and arbitrations, any other .....

Tags : NCLAT, Insolvency and Bankruptcy Code

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Highway Booze Ban: SC Refuses to Stay Denotification of Highways in Punjab(04.07.2017)

Supreme Court has declined to stay Punjab government’s recent declassification of state highways saying 'driving within city is different from outside.....

Tags : Highway Liquor Ban, Supreme Court

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Supreme Court on Highway Booze Ban: Drivers Shouldn't Be Drunk In Fast Moving Traffic(06.07.2017)

Supreme Court has said that the idea behind its verdict banning sale of liquor along highways was that a driver should not be under influence of liquo.....

Tags : Supreme Court, Highway Liquor Ban

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RBI Notifies Increase in FPI Holding Limits(07.10.2015)

Reserve Bank of India (RBI) has notified that Foreign Portfolio Investors (FPI) would be able to hold up to R1.66 lakh crore worth of government secur.....

Tags : Reserve Bank of India ,Foreign Portfolio Investors

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RBI Boosts Affordable Housing(09.10.2015)

Reserve Bank of India (RBI) has said that banks could provide home loans up to 90% for properties that cost up to Rs 30 lakh, giving a boost to low-co.....

Tags : Reserve Bank of India,banks

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Calcutta High Court Questions IAS Officer Alapan Bandyopadhyay’s Appointment as SEC(12.10.2015)

Calcutta HC has questioned State Govt’s decision to appoint senior IAS officer Alapan Bandyopadhyay, as the acting State Election Commissioner (SEC) a.....

Tags : Calcutta HC , State Govt, IAS Officer Alapan Bandyopadhyay, State Election Commissioner

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RBI Turns Net Seller of Foreign Currency in August(13.10.2015)

Reserve Bank of India (RBI) for the first time in the past one year has turned net sellers of foreign currency in August to help arrest the slide in t.....

Tags : Reserve Bank of India (RBI),Foreign Currency

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Yes Bank Gets RBI Approval for MF and AMC(13.10.2015)

Yes Bank has received Reserve Bank of India (RBI) approval to set up a mutual fund asset management company and trustee company as wholly owned subsid.....

Tags : Yes Bank, Reserve Bank of India

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Supreme Court Rejects Plea Seeking Beef Ban Hearing in Jammu(14.10.2015)

Supreme Court has rejected a petition seeking that hearing on beef ban in Jammu and Kashmir be heard by a three-judge bench of Jammu and Kashmir High .....

Tags : Supreme Court , Beef Ban

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SC Notices RBI, FM Over Plea For Exchange of Old Notes Found in Dead Parents’ Bank Locker(24.07.2017)

Supreme Court has issued notice to RBI and Finance Ministry on a fresh plea seeking permission to deposit Rs 60 lakh in old notes which were lying in .....

Tags : Supreme Court, Demonetised Notes, Reserve Bank of India

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RBI Issues Revised Guidelines for FIF(16.10.2015)

Reserve Bank of India (RBI) has issued revised guidelines for scope of activities and objectives of its Financial Inclusion Fund (FIF). The corpus of .....

Tags : Reserve Bank of India, FIF

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J&K High Court Disposes off Beef Ban Petition(16.10.2015)

Jammu and Kashmir High Court has vacated Jammu Division Bench order on beef ban and also disposed off petition seeking revocation of 1864 law regardin.....

Tags : Jammu and Kashmir High Court, Beef Ban

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RBI: No Relaxation in CRR, SLR Norms(19.10.2015)

Reserve Bank of India (RBI) has junked the plea of entities that have secured licences to set up small finance banks that they be given some leeway in.....

Tags : Reserve Bank of India, small finance banks

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RBI Issues Guidelines for the Gold Monetisation Scheme(23.10.2015)

Reserve Bank of India (RBI) has issued guidelines for the Gold Monetisation Scheme. RBI has issued directions for banks on implementation of the gold .....

Tags : Reserve Bank of India , Gold Monetisation Scheme

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RBI Junks Govt.’s Proposal for 100% FDI in Banks(26.10.2015)

Reserve Bank of India (RBI) has junked proposal from Government to allow up to 100% Foreign Direct Investment (FDI) in banks, which may come as a damp.....

Tags : RBI , 100% FDI in Banks

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Supreme Court: High Way Booze Ban Not Applicable to Bars, Outlets Within Municipal Areas(24.08.2017)

Supreme Court has clarified that high way liquor ban imposed by it is not applicable to licenced bars and beverages outlets within municipal area.

Tags : Supreme Court, Highway Liquor Ban

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NCLAT: Pendency of Appeal Under Arbitration Act Does Not Bar Insolvency Process Under IBC(01.09.2017)

National Company Law Appellate Tribunal has observed that pendency of S.37 appeal under Arbitration Act cannot be treated as an ‘existence of dispute’.....

Tags : National Company Law Appellate Tribunal, Insolvency and Bankruptcy Code

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Delhi High Court: Bank Guarantee Can Be Stopped Only on Fraud(16.11.2015)

Delhi High Court has held that invocation of a bank guarantee can be stopped only if it is proved that there was fraud or irretrievable injury or inju.....

Tags : Delhi High Court , Bank Guarantee

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Bombay HC Denies to Take Petitions Challenging Beef Ban in State(17.11.2015)

Bombay High Court has denied to hear petitions challenging constitutional validity of beef ban legislation in Maharashtra after one of the judges recu.....

Tags : Bombay High Court, beef ban

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RBI Clears Way for Mergers and Acquisitions in Banking Industry(20.11.2015)

Reserve Bank of India (RBI) has said that it permit promoters/investors to own more than 10% if applicant meets certain conditions including if `it is.....

Tags : Reserve Bank of India, Mergers and Acquisitions in Banking Industry

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RBI Permits Regional Rural Banks (RRB) to Launch Internet Banking(20.11.2015)

Reserve Bank of India (RBI) has allowed strong regional rural banks to launch online transaction through internet banking. Profitable RRBs with minimu.....

Tags : Reserve Bank of India , RRB

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RBI’s Nod Mandatory to Buy 5% or More in Banks(20.11.2015)

Reserve Bank of India (RBI) has said that its prior approval will be required for acquisition of shares or voting rights in a private bank for increas.....

Tags : Reserve Bank of India , private bank

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Insolvency and Bankruptcy Board of India Relaxes Norms for Information Utilities(06.10.2017)

Insolvency and Bankruptcy Board of India has relaxed norms for information utilities, paving way for Indian companies listed on the stock exchanges to.....

Tags : Insolvency and Bankruptcy Board of India, Information Utilities

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RBI Postpones Issue Date of Sovereign Gold Bonds(25.11.2015)

Reserve Bank of India (RBI) has postponed issue date of sovereign gold bond by four days to November 30 to enable their smooth uploading into the cent.....

Tags : Reserve Bank of India , Sovereign Gold Bonds

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RBI Relaxes ECB Norms for Accessing Foreign Loans(01.12.2015)

Reserve Bank of India (RBI) has unveiled a revised External Commercial Borrowing (ECB) policy, entailing, among other things, a more liberal approach.....

Tags : Reserve Bank of India, External Commercial Borrowing

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Patna HC Seeks Records in Connection with July 27 Bihar Bandh(01.12.2015)

Patna HC has directed State Government to furnish records of FIRs lodged and chargesheet filed in connection with disturbances created during Bihar ba.....

Tags : Patna HC, Bihar bandh

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Madras HC: Banks Cannot Attach Savings Account Opened for Depositing Pension to Recover Loan(03.12.2015)

Madras High Court has held that Savings Bank Account maintained primarily for purpose of depositing monthly pension amount could not be attached by a .....

Tags : Madras High Court , Savings Bank Account

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RBI Revises Priority Sector Lending Norms for RRBs(04.12.2015)

Reserve Bank of India (RBI) has revised the priority sector lending target for Regional Rural Banks (RRBs) to 75% of total outstanding loans from 60% .....

Tags : Reserve Bank of India, Regional Rural Banks

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RBI Cancels License of 56 NBFCs(07.12.2015)

Reserve Bank of India (RBI) has cancelled a bulk of Non-Banking Financial Companies (NBFCs) Licence, for either violating regulatory norms or surrende.....

Tags : Reserve Bank of India , Non-Banking Financial Companies

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U.S. Supreme Court Wipes Out Travel Ban Appeal(25.10.2017)

U.S. Supreme Court has dismissed the last remaining appeal in a pair of cases challenging President Trump’s executive order, issued in March, that sou.....

Tags : U.S. Supreme Court , Travel Ban

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RBI Tightens Provisions for Yet to Fail CDR Accounts(12.01.2016)

Reserve Bank of India (RBI) has asked lenders to increase provisioning for accounts that may not have yet failed Corporate Debt Restructuring (CDR) bu.....

Tags : Reserve Bank of India, Corporate Debt Restructuring

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Madras HC Appoints Wife as Husband’s Guardian to Deal with Assets of Husband in Coma(13.01.2016)

Madras High Court, while providing relief to a 40-year old woman struggling to meet mounting treatment cost of her husband who is in coma for the past.....

Tags : Madras High Court, Wife as Husband’s Guardian t

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Government Extends Aadhaar-Bank A/C Linking Deadline to March 31, 2018(14.12.2017)

Government has decided to notify 31st March, 2018 or six months from the date of commencement of bank account based relationship by the client, whiche.....

Tags : Aadhaar, Bank

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Lawyer Can Issue Demand Notice of Unpaid Operational Debt on Behalf of Operational Creditor: SC(18.12.2017)

Supreme Court has held that a lawyer on behalf of the operational creditor can issue a demand notice of an unpaid operational debt.The court also held.....

Tags : Supreme Court, Insolvency and Bankruptcy Code

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UK Supreme Court: Smoking Ban Cannot be Enforced in Jails(20.12.2017)

UK Supreme Court has ruled that smoking ban cannot be enforced in publicly run jails in England and Wales along with other government sites such as jo.....

Tags : UK Supreme Court, Smoking Ban

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Supreme Court Finds ‘No Merit’ in Plea Seeking Ban on Liquor(21.12.2017)

Supreme Court has found ‘no merit’ in a plea seeking a ban on liquor across the country claiming that it caused death, health problems, rise in crime .....

Tags : Supreme Court, Liquor Ban

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HP High Court Strikes Down Provision of Rent Act(04.08.2016)

HP High Court has struck down first proviso of clause (c) of sub-section (3) of Section 14 of the of HP Urban Rent Control Amended Act, observing it a.....

Tags : HP High Court, HP Urban Rent Control Amended Act

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Madras HC to TN: Pay Compensation to Man Hurt During Bandh(04.08.2016)

Madras HC, while asserting that it was State's duty to maintain law and order and protect its citizens during hartals or bandhs, has directed it to pa.....

Tags : Madras HC, DMK bandh

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RBI Launches Website “Sachet” to Tackle Fraud(05.08.2016)

Reserve Bank of India (RBI) has launched a website named “Sachet” from which anyone can obtain information regarding entities that are allowed to acce.....

Tags : Reserve Bank of India , Sachet

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RBI Relaxes Norms in Cheque Dishonour Cases(05.08.2016)

Reserve Bank of India (RBI) has relaxed norms in cheque dishonour cases of Rs 1 crore and above.

Tags : Reserve Bank of India , Cheque Dishonour Cases

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Madras HC Refuses to Grant Bail to Bank Lawyer for ‘Defrauding’ Money(10.08.2016)

Madras HC has refused to grant anticipatory bail to M.P. Venkatakrishnan, Assistant Manager (Legal) of HDFC Bank in Tirunelveli district, in two cases.....

Tags : Madras HC, Bank Lawyer, M.P. Venkatakrishnan

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Bombay High Court Raps Animal Husbandry Department Over ‘poor quality food’(26.07.2018)

Bombay High Court while observing that it is only concerned with the ‘quality’ of food being served to the public, the Bombay High Court has rapped th.....

Tags : Bombay High Court, Animal Husbandry

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NGT Questions AAP Government’s Move to Lift Ban on Construction in Delhi(17.11.2016)

National Green Tribunal (NGT) has questioned Delhi Government’s decision to lift ban on construction imposed by it earlier this month in a bid to cont.....

Tags : National Green Tribunal, Delhi Government, Ban , Construction

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Bombay HC Refuses to Stay Concert by British Rock Band ‘Coldplay’(18.11.2016)

Bombay High Court has refused to stay upcoming concert by British Rock Band ‘Coldplay’, but said Maharashtra Government should take an undertaking fro.....

Tags : Bombay High Court, British Rock Band, Coldplay, Concert

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Supreme Court Seeks Centre’s, CBI’s Response over B. K. Bansal Suicide Case(22.11.2016)

Supreme Court has sought response from Government and Central Bureau of Investigation (CBI) on a plea to constitute a Special Investigation Team (SIT).....

Tags : Supreme Court, B.K. Bansal, suicide, CBI

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Bombay HC Seeks RBI’s Response Over Inconsistencies in Demonetization Directives to Co-operative Bank(22.11.2016)

Bombay HC, while observing that prima facie there were some inconsistencies in two circulars issued by Reserve Bank to District Co-Operative Banks on .....

Tags : Bombay HC, Reserve Bank, Co-Operative Banks, demonetisation

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NGT Bans Use of Music Systems in Sunderbans(23.11.2016)

National Green Tribunal (NGT) has banned use of music systems by tourists in Sunderbans.

Tags : National Green Tribunal, Sunderbans, music systems

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NGT Forms Committee to Check Pollution in Delhi During Functions at Banquets, Hotels(14.11.2018)

National Green Tribunal has formed a committee to stop activities that lead to degradation of the environment due to functions at banquet halls, farmh.....

Tags : NGT, Banquets

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NGT Gives Approval for Construction of India’s Future Largest Dam(16.11.2018)

National Green Tribunal has given its nod to construction of 2,880 MW Dibang Multipurpose Project (DMP) in Lower Dibang Valley district of Arunachal P.....

Tags : NGT, Dibang Multipurpose Project

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Delhi HC Notices TATA, Docomo over RBI Application(02.12.2016)

Delhi High Court has asked NTT Docomo Inc. and Tata Sons Ltd to respond to a Reserve Bank of India (RBI) application seeking to be heard in a dispute .....

Tags : Delhi High Court, Docomo, Tata, Reserve Bank of India

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Supreme Court Directs Centre to List Out Measures Taken to Ease Inconvenience of Rural People(05.12.2016)

Supreme Court has asked Centre to spell out measures taken to ease sufferings and inconvenience of people in rural areas, who are mostly dependent on .....

Tags : Supreme Court, demonetisation, Co-operative banks

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Karnataka High Court Summons Vijay Mallya in Contempt Case(05.12.2016)

Karnataka High Court has ordered Businessman Vijay Mallya to appear before Court on 19 January for charges to be framed in a contempt case filed by pu.....

Tags : Karnataka High Court, Vijay Mallya, State Bank of India

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Bombay HC Directs to Break Bank Lockers to Unveil Demonetised Notes(05.12.2016)

Bombay High Court has appointed a court receiver to break open two bank lockers belonging to estate of the late classical singer and Sangeet Natak Aca.....

Tags : Bombay High Court, bank lockers , demonetised notes

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NGT Bans Disposable Plastics in Delhi-NCR From January 01, 2017(05.12.2016)

National Green Tribunal (NGT) has banned use of disposable plastic, which is mainly used in grocery and plastic tea cups like items in Delhi and Natio.....

Tags : National Green Tribunal, disposable plastic, Ban

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It’s Neglect on Part of Husband to Maintain Wife if She Leaves Him due to Assault: Bombay HC(22.11.2018)

Bombay High Court has observed that if due to physical assault or unbearable mental harassment wife is compelled to leave house of husband, then it's .....

Tags : Bombay High Court, Neglect on Part of Husband to Maintain Wife

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Non-Residents Not Required to Disclose Their Foreign Bank Accounts: ITAT(26.11.2018)

Income Tax Appellate Tribunal (ITAT), Mumbai has held that the non-residents are not required to disclose the details of their foreign bank accounts a.....

Tags : ITAT, Non Residents Bank Accounts

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Gujarat HC Seeks RBI’s Response over its Power to Ban DCCB Transactions & Restricts Withdrawal Limits(06.12.2016)

Gujarat High Court has asked Reserve Bank of India (RBI) whether it has powers to ban transactions at District Central Cooperative Banks (DCCB) or res.....

Tags : Gujarat High Court, demonetization, Co-Operative Banks

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Bombay HC Directs RBI to Issue Payment of Salaries of Aided School Teachers(06.12.2016)

Bombay High Court has asked RBI to consider issue of payment of salaries to aided school teachers since it is disbursed through District Cooperative B.....

Tags : Bombay HC, District Cooperative Banks, salaries

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Gujarat HC: Spouse of Nationalised Banks Entitled for Inter-District Transfer Benefits(07.12.2016)

Gujarat High Court has held that a government employee, who is spouse of a nationalized bank employee, is entitled to inter-district transfer to place.....

Tags : Gujarat High Court, nationalized bank, employee, inter-district transfer

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RBI Eases Authentication Rules for Online Card Transactions(07.12.2016)

Reserve Bank of India (RBI) has removed two-factor authentication for online card transactions involving sums up to Rs2,000 in a move aimed at simplif.....

Tags : Reserve Bank of India, Online Card Transactions

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RBI Releases Fifth Bi-monthly Monetary Policy Statement, 2016-17; Kept Repo Rate Unchanged(07.12.2016)

Reserve Bank of India (RBI) has released Fifth Bi-monthly Monetary Policy Statement, 2016-17 wherein it has kept Repo rate unchanged at 6.25 percent, .....

Tags : Reserve Bank of India , Monetary Policy, Reverse Repo, Repo rate

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RBI Allows Use of OTP for Account Opening(09.12.2016)

To quicken the process of opening of bank account, Reserve Bank of India (RBI) has amended its know your customer (KYC) rules to allow banks to open n.....

Tags : RBI, Reserve Bank of India

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Application Under Sec. 7 of IBC can’t be Admitted After Settlement Between Parties: NCLAT(06.12.2018)

National Company Law Appellate Tribunal has declared admission of application under Section 7 of the Insolvency and Bankruptcy Code after settlement b.....

Tags : NCLAT, Section 7 of Insolvency and Bankruptcy Code

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NGT Imposes Nationwide Ban on Use of Manja for Kite Flying(15.12.2016)

National Green Tribunal (NGT) has banned nylon and glass-coated cotton kite strings or manja across the country in view of its threat to humans, anima.....

Tags : National Green Tribunal, Ban , Manja

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Punjab and Haryana HC Directs Haryana DGP to Initiate SIT Probe over Honour Killing of Banur Youth(15.12.2016)

Punjab and Haryana High Court has directed Haryana Director General of Police (DGP) to get alleged honour killing of Banur youth case investigated by.....

Tags : Punjab and Haryana High Court, Banur youth, honour killing

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Centre Notifies Regulations for Liquidation Process Under New Bankruptcy Code(19.12.2016)

Central Government has notified rules by which companies can go through liquidation under Insolvency and Bankruptcy Code (IBC), 2016.

Tags : Central Government, liquidation, Insolvency and Bankruptcy Code (IBC), 2016

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Supreme Court Rejects Plea of Axis Bank Against Release of Arbitral Award Money to Daiichi(14.12.2018)

Supreme Court has refused to entertain an Axis Bank plea opposing release of Rs 9.39 crore, which is part of Rs 3,500 crore awarded by a Singapore tri.....

Tags : Supreme Court, Axis Bank, Daiichi Sankyo

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NCLT Approves Merger of Capital First with IDFC Bank(14.12.2018)

National Company Law Tribunal (NCLT) has approved the amalgamation of Capital First, Capital First Home Finance, and Capital First Securities with IDF.....

Tags : NCLT, IDFC Bank

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Bombay HC Refuses to Stay RBI Deadline to Kotak Mahindra Bank to Dilute Promoter Stake(18.12.2018)

Bombay High Court has refused to stay the Reserve Bank of India’s deadline of December 31 for dilution of promoter stake in Kotak Mahindra Bank.

Tags : Bombay High Court, Kotak Mahindra Bank

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Madras HC Restrains Political Parties from Erecting Digital Banners on Roads in TN(20.12.2018)

Madras High Court has restrained all the political parties in Tamil Nadu from erecting digital banners and hoardings on arterial roads posing a risk t.....

Tags : Madras High Court, Erecting Digital Banners

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RBI Relaxes Deposits Norm of More Than Rs 5,000 in Old Denominations For KYC A/Cs(21.12.2016)

Reserve Bank of India has relaxed its notification, specifying that deposits of over 5000 rupees could be made only after furnishing a satisfactory re.....

Tags : Reserve Bank of India, Old Denominations, Deposits, KYC A/Cs, demonetisation

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Bombay HC Permits Mangroves Trimming for Metro Project(22.12.2016)

Bombay High Court has granted permission for cutting mangroves at Bandra Kurla Complex (BKC) and Malwani for Metro Line II project.

Tags : Bombay High Court, mangroves , Bandra Kurla Complex, Metro Line

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Bombay HC: Forcing Husband to Stay Away From His Parents Amounts to Cruelty(26.12.2016)

Bombay High Court has held that any pressure on part of wife on husband to stay away from his parents without any justifiable cause amounts to cruelty.....

Tags : Bombay HC, Husband, Cruelty

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Hyderabad HC Suspends Circular Proposing Ban on Flexies Manufacturing(29.12.2016)

Hyderabad High Court has suspended circular issued by Director of Municipal Administration of Telangana proposing to ban manufacture of flexies and ba.....

Tags : Hyderabad HC, flexies, banners

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RBI Eases Bad Loan Classification Norms For Small Borrowers, Farmers(29.12.2016)

Reserve Bank of India (RBI) has relaxed norms for bad loan classification for small borrowers, including farmers, giving them additional 30 days to re.....

Tags : Reserve Bank of India, loan, repayment, Small Borrowers

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RBI Extends Note Exchange Deadline for NRI’s till June 30(02.01.2017)

Reserve Bank of India has said that Non-resident Indians (NRIs) can exchange old Rs 500 and Rs 1000 notes till June 30, 2017.

Tags : Reserve Bank of India, Rs. 500, Rs. 1000, Demonetisation

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Wife Slapping Husband Not an Instigation to Commit Suicide: Delhi High Court(10.01.2019)

Delhi High Court has said that mere act of slapping a man by his wife in front of others does not tantamount to instigating the husband to commit suic.....

Tags : Delhi High Court, Wife Slapping Husband Not an Instigation to Commit Suicide

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Plastic ban: Madras High Court Says Authorities can Seize Only 14 Items Listed in Government Order(11.01.2019)

Madras High Court has directed government officials in Tamil Nadu not to seize plastic products other than the 14 items listed in the June 25, 2018 go.....

Tags : Madras High Court, Plastic Ban

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RBI Allows Banks to Use Statutory Reserves for AT1 Bond Coupon Payment(03.02.2017)

Reserve Bank of India has allowed banks to use statutory reserves to pay coupon (interest) on additional Tier-I bonds, subject to certain riders.

Tags : Reserve Bank of India, Tier-I bonds

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Madras HC Allows ICICI Bank to Recover Rs. 222 Crore Dues from Subhiksha Trading Services(07.02.2019)

Madras High Court, in a reprieve to ICICI Bank, has ruled that it finds no ground to interfere in order of Chennai Debts Recovery Appellate Tribunal .....

Tags : Madras High Court, Subhiksha Trading Services, ICICI Bank

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SC Dismisses Plea Against Ban on Mics and Loudspeakers in Residential Areas(12.02.2019)

Supreme Court has rejected a plea by West Bengal BJP to set aside Calcutta High Court's 2013 order which had banned use of loudspeakers in residential.....

Tags : Supreme Court, Ban on Mics and Loudspeakers

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No Right with Bank Employee to be Associated with Decision Making Process for Fixation Of Salary: SC(13.02.2019)

Supreme Court has observed that the employee of a Bank has no right that he should be associated with the decision-making process in respect of the fi.....

Tags : Supreme Court, Bank Employee, Fixation Of Salary

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Kerala HC Dismisses Plea to Ban Organ Donation Even to Save Life(13.02.2019)

Kerala High Court has dismissed a Public Interest Litigation filed by a lawyer seeking prohibition of donation of organs such as liver, kidneys, heart.....

Tags : Kerela High Court, Ban Organ Donation

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SC Dismisses Two Officials for Tampering With Order Directing Personal Appearance of Anil Ambani(14.02.2019)

Supreme Court has summarily dismissed two court masters- Manav Sharma and Tapan Kumar Chakraborty- for tampering with the January 7 order directing pe.....

Tags : Supreme Court, Anil Ambani

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Madras HC Says No to Banners on Jayalalithaa Birth Anniversary(14.02.2019)

Madras High Court has refused to permit two AIADMK district office bearers to erect digital banners in view of former Chief Minister J Jayalalithaa’s .....

Tags : Madras High Court, Banners on Jayalalithaa Birth Anniversary

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RBI Signs MOU on Information Exchange With Bank of Zambia(16.02.2017)

Reserve Bank of India has inked an information exchange pact with Bank of Zambia aimed at forging greater cooperation.

Tags : Reserve Bank of India, Bank of Zambia

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RBI Releases Draft MDR Norms(17.02.2017)

Reserve Bank of India (RBI) has released draft norms for revamping Merchant Discount Rate (MDR), with an aim to make it more cost effective and appeal.....

Tags : Reserve Bank of India, Merchant Discount Rate

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Bombay High Court Sets Aside Liquor Ban For Civic Polls(20.02.2017)

Bombay High Court has set aside ban on sale of liquor in Thane district on February 19 evening for civic elections.

Tags : Bombay High Court, Thane district, Liquor Ban

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RBI: Now Withdraw Rs 50,000/Week From Your Saving Accounts(21.02.2017)

Reserve Bank of India (RBI) has enhanced withdrawal limit on saving accounts from February 20, 2017 to Rs 50,000 per week.

Tags : Reserve Bank of India, withdrawal limit

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CIVIL - IBC Reigns Supreme Over Other Civil Laws: Delhi High Court(25.02.2019)

Delhi High Court on Friday upheld the supremacy of Insolvency and Bankruptcy Code (IBC) over other civil laws such as those of contracts and guarantee.....

Tags : Delhi High Court, Insolvency and Bankruptcy Code, IBC

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CIVIL - IBC Reigns Supreme Over Other Civil Laws: Delhi High Court(25.02.2019)

Delhi High Court has upheld supremacy of Insolvency and Bankruptcy Code (IBC) over other civil laws such as those of contracts and guarantees and said.....

Tags : Delhi High Court, Insolvency and Bankruptcy Code, IBC

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PROPERTY - Civil Suit for Land that is Subject to Proceedings Under Urban Land Ceiling Act Not Maintainable: SC(27.02.2019)

Supreme Court has held that a Civil Court has no jurisdiction to try civil suit in relation to land which is subject to ceiling proceedings under Urba.....

Tags : Supreme Court, Urban Land Ceiling Act

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Specified Bank Notes (Cessation of Liabilities) Bill, 2017 Receives President Assent(01.03.2017)

Specified Bank Notes (Cessation of Liabilities) Bill, 2017 that provides for cessation of liabilities on specified bank notes has received assent fr.....

Tags : Specified Bank Notes (Cessation of Liabilities) Bill, 2017

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Top Pvt Banks Slap Charges on Cash Transactions, Caps Free Transactions(02.03.2017)

Banks including HDFC, ICICI, Axis began charging a minimum amount of Rs 150 per transaction for cash deposits and withdrawals beyond four free transac.....

Tags : Banks, Cash Transactions

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CIVIL - Kerala HC Directs District Collectors to be Present in Proceedings Regarding Formation of Kerala Bank(06.03.2019)

Kerala High Court has directed seven District Collectors to be present in person during meeting to be held at district banks concerning finalising the.....

Tags : Kerala High Court, Kerala Bank

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CIVIL - Bombay HC Asks Authority to Clear Roads of Abandoned Vehicles Where Metro Work is On(06.03.2019)

Bombay High Court has directed state and Mumbai traffic police to crack down on illegally parked and abandoned vehicles on roads where Metro construct.....

Tags : Bombay High Court, Clear Roads of Abandoned Vehicles

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INSOLVENCY - NCLT Rejects Karur Vysya Bank’s Plea Against ArcelorMittal Plan for Essar Steel(08.03.2019)

National Company Law Tribunal has rejected Karur Vysya Bank’s plea to quash Rs 42,000-crore resolution plan of ArcelorMittal for distressed Essar Stee.....

Tags : NCLT, Essar Steel, Karur Vysya Bank

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CIVIL - Unnatural Sex, Excess Sexual Act of Husband Not Instigation for Wife's Suicide: Chhattisgarh HC(11.03.2019)

Chhattisgarh High Court, while discharging a man accused of instigating his wife's suicide, has observed that excess sexual acts by a husband and unna.....

Tags : Madhya Pradesh High Court, Unnatural Sex, Excess Sexual Act of Husband, Instigation for suicide,

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CRIMINAL - Unnatural Sex, Excess Sexual Act of Husband Not Instigation for Wife's Suicide: Chhattisgarh HC(11.03.2019)

Chhattisgarh High Court, while discharging a man accused of instigating his wife's suicide, has observed that excess sexual acts by a husband and unna.....

Tags : Madhya Pradesh High Court, Unnatural Sex, Excess Sexual Act of Husband, Instigation for suicide,

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Supreme Court Notices Centre Over RBI's Refusal to Exchange Demonetised Notes(06.03.2017)

Supreme Court has issued a notice to Central Government on a plea challenging Reserve Bank of India’s (RBI) refusal to accept Rs 500 and Rs 1,000 note.....

Tags : Supreme Court, Demonetised Notes, Reserve Bank of India

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SC Asks Centre to Fence Indo-Bangla Border to Check Infiltration(09.03.2017)

Supreme Court has asked Centre to release funds for fencing of India-Bangladesh border to prevent a cross-border influx of illegal Bangladesh national.....

Tags : Supreme Court, Indo-Bangla Border

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RBI Says ‘Banks Can Accept Coloured Notes’ Appeals to Avoid Dirtying Them(10.03.2017)

Reserve Bank of India has clarified that banks can accept colour-stained notes amid messages circulating on WhatsApp that public sector banks have bee.....

Tags : Reserve Bank of India, Coloured Notes

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Reserve Bank of India Lifts All Limit on Cash Withdrawals(14.03.2017)

Reserve Bank of India has lifted all limits on cash withdrawals from banks and ATMs.

Tags : Reserve Bank of India, cash withdrawals

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Delhi HC Grants One More Day to RBI For Finalizing Stand on Tata-Docomo Arbitration Award(15.03.2017)

Delhi High Court has allowed Reserve Bank of India (RBI) a further day to finalise its stand on enforcement of $ 1.18 billion Tata Sons-NTT DoCoMo arb.....

Tags : Delhi High Court , Reserve Bank of India, Tata Sons-NTT DoCoMo

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INSOLVENCY - NCLT Admits ICICI Bank's Insolvency Plea Against Punj Lloyd(11.03.2019)

National Company Law Tribunal (NCLT) has admitted an insolvency plea against Punj Lloyd filed by ICICI Bank Ltd. for a default of Rs. 853.83 crore.

Tags : NCLT, Punj Lloyd, ICICI Bank

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BANKING - SC Stays Bombay HC Order Directing Federal Bank to Pay Rs. 4 cr to Harshad Mehta's Wife(12.03.2019)

Supreme Court has stayed order of Bombay High Court that directed Federal Bank to pay Rs. 4 crore with 18 per cent interest from 1992 to the wife of l.....

Tags : Supreme Court, Federal Bank, Harshad Mehta

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TRUSTS & SOCIETIES - Gujarat HC Stays Anandiben Patel's Appointment as Trustee of Education Trust(28.03.2019)

Gujarat High Court has stayed an order of the Ahmedabad charity commissioner by which former Chief Minister Anandiben Patel, who is presently the Gove.....

Tags : Gujarat High Court, Anandiben Patel, Palanpur, Banaskantha District

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CIVIL - SC Refuses to Stay Merger of Vijaya, Dena Banks with Bank of Baroda(29.03.2019)

Supreme Court has refused to stay amalgamation of three public sector lenders Vijaya Bank, Dena Bank and Bank of Baroda and dismissed applications fil.....

Tags : Supreme Court, Vijaya Bank, Dena Bank

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BANKING - SC Refuses to Stay Merger of Vijaya, Dena Banks with Bank of Baroda(29.03.2019)

Supreme Court has refused to stay amalgamation of three public sector lenders Vijaya Bank, Dena Bank and Bank of Baroda and dismissed applications fil.....

Tags : Supreme Court, Vijaya Bank, Dena Bank

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CRIMINAL - SC Gives Gujarat Govt. 2 Weeks to Finish Proceedings in Bilkis Bano's Case(30.03.2019)

Supreme Court has given two weeks to Gujarat Government to complete disciplinary proceedings against erring officials, including policemen, who were i.....

Tags : Supreme Court, Bilkis Bano

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BANKING - CBI Court Convicts Ex Indian Bank CMD for Fraud(30.03.2019)

A Special CBI Court has convicted and sentenced former Indian Bank Chairman and Managing Director M Gopalakrishnan and 11 others to three years Rigoro.....

Tags : CBI Court, Ex Indian Bank CMD, M Gopalakrishnan

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CRIMINAL - CBI Court Convicts Ex Indian Bank CMD for Fraud(30.03.2019)

A Special CBI Court has convicted and sentenced former Indian Bank Chairman and Managing Director M Gopalakrishnan and 11 others to three years Rigoro.....

Tags : CBI Court, Ex Indian Bank CMD, M Gopalakrishnan

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Bombay HC Directs Institute to Issue Certificate to Woman Without Husband’s Name(01.04.2019)

Bombay High Court has directed an institute in Parel to issue a 31-year-old doctor from Jalgaon her diploma certificate in dermatology and venereology.....

Tags : Bombay High Court, Certificate Without Husband's Name

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NGT Seeks Centre’s Submission on Banning of Plastic Packaging of Food and Drugs(31.08.2015)

National Green Tribunal (NGT) has directed Centre and various stakeholders to file their submissions on a proposal that there should be a complete pro.....

Tags : National Green Tribunal,Banning of Plastic,Centre

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Madras High Court Orders Status Quo on Service Conditions of Migrant Bank Employees(13.04.2017)

Madras High Court has ordered status quo on service conditions linked to terminal benefits, pension and seniority of migrant employees of five banks w.....

Tags : Madras High Court , State Bank of India

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Supreme Court Defers Hearing on Liquor Ban Till Summer Recess(14.04.2017)

Supreme Court has said that it would hear after vacations a matter challenging decision to denotify highways to overcome liquor ban.

Tags : Supreme Court, Liquor Ban

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RBI Revises Norms For Action Against Weak Banks(14.04.2017)

Reserve Bank of India (RBI) has tightened rules that trigger regulatory action on lenders when they fall short of capital or exceed bad loan limits.

Tags : Reserve Bank of India, Weak Banks

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Delhi Court Sends 2 Sacked SC Staffers to 7 Days PC for Posting Wrong Info on Website(09.04.2019)

A Delhi court has sent two sacked Supreme Court staffers to seven days in police custody for allegedly posting wrong information on Supreme Court's we.....

Tags : Supreme Court, Supreme Court Staffers, Anil Ambani

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Reserve Bank Employees are Not Central Government Servants: Madras HC(15.04.2019)

Madras High Court has observed that the employees of Reserve Bank of India cannot be called as Government employees.

Tags : Supreme Court, Reserve Bank of India

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RBI Employees are Not Central Government Servants: Madras HC(15.04.2019)

Madras High Court has held that employees of Reserve Bank of India cannot be called as Government employees and also observed that fact that Central G.....

Tags : Madras High Court, Reserve Bank of India

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RBI: Banks Cannot Refuse to Accept Scribbled, Coloured, Faded Bank Notes(01.05.2017)

Reserve Bank of India (RBI) has clarified by its notification dated 25th April 2017 that bank branches cannot refuse to accept scribbled/coloured/fade.....

Tags : Reserve Bank of India, Scribbled, Coloured, Faded Bank Notes

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SCDRC Directs Bank to Pay 1L Compensation For Failure to Inform Loan Applicant of Rejection(02.05.2017)

State Consumer Disputes Redressal Commission, Maharashtra has held that failure to inform an applicant about rejection of his loan application constit.....

Tags : State Consumer Disputes Redressal Commission, Loan, Bank

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Bombay HC Quashes Special Court's Land Probe Order Against Maharashtra CS(23.04.2019)

Bombay High Court, in a relief to Maharashtra chief secretary U P S Madan, has quashed and set aside a special court order directing state Anti-Corrup.....

Tags : Bombay High Court, Drive-in Theatre, Bandra-Kurla Complex

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Permission to Construct Casting Yard at Juhu Beach Illegal: Bombay HC(29.04.2019)

Bombay High Court has held that permission granted by Maharashtra Coastal Zone Management Authority (MCZMA) to construct a casting yard for Versova-Ba.....

Tags : Bombay High Court, Versova-Bandra Sea Link Project at Juhu beach

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Bank Employee Working in its Legal Branch Ineligible to Become Judge: Gujarat HC(30.04.2019)

Gujarat High Court has dismissed a plea of a 'banker' who aspired to become a judicial officer and observed that a bank employee, could not be treated.....

Tags : Gujarat High Court, Bank Employee, Judge

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NCLT Orders Insolvency Proceedings Against Karur KCP Packkagings(30.04.2019)

National Company Law Tribunal (NCLT) has ordered insolvency process against Tamil Nadu-based publicly-listed packaging company Karur KCP Packkagings o.....

Tags : NCLT, KCP Packkagings, Karur Vysya Bank

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Govt: Specified Notes Confiscated on or before 30.12.2016 Can be Deposited in Any RBI Branch(17.05.2017)

Govt has notified rules regarding deposit of Rs. 1000 and Rs. 500 Currency Notes confiscated on or before 30.12.2016 which makes it possible for enfor.....

Tags : Specified Bank Notes (Deposit of Confiscated Notes) Rules, 2017

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ITAT: TDS Applicable to Payments Towards Channel Carriage Fees, Up-Linking, Bandwidth Charges(17.05.2017)

ITAT Kolkata has held that payments on account of channel carriage fees, up-l inking charges and Bandwidth charges are not in nature of payment toward.....

Tags : ITAT, Kolkata, Carriage Fees, Up-Linking, Bandwidth Charges

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ITAT, Bangalore: Payments in Foreign Currency For Travel Etc. Excludable From Export, Total Turnover(18.05.2017)

ITAT, Bangalore has held that payments made in foreign currency towards foreign travel, telecommunication expenses & ex-pat salary are excludable from.....

Tags : ITAT, Bangalore, Export, Total Turnover

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Barabanki District Court Acquits Former AMU Scholar Gulzar Wani in Sabarmati Express Blast Case(22.05.2017)

Barabanki District Court has acquitted two accused in Sabarmati Express Blast Case of 2000.

Tags : Barabanki District Court, Sabarmati Express Blast Case

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NCLAT: 14 Days Timeline to Admit or Reject Case Under IBC a 'Mere Directive'(22.05.2017)

National Company Law Appellate Tribunal (NCLAT) has said that 14-day timeline for rejecting or admitting a case under Insolvency and Bankruptcy Code (.....

Tags : National Company Law Appellate Tribunal, Insolvency and Bankruptcy Code

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Bandipora Rape Case: Jammu and Kashmir High Court Directs IGP to File Status Report by Friday(15.05.2019)

J & K HC took suo moto cognizance of the Bandipora rape case of a three-year-old girl and directed IG of Police (Kashmir zone) to file a status report.....

Tags : Jammu and Kashmir, Bandipora

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RBI Widens Scope of Ombudsman Scheme, Mobile And Electronic Banking Brought Under Purview(26.06.2017)

Reserve Bank of India has widened scope of its Banking Ombudsman Scheme 2006, to include inter alia deficiencies arising out of sale of insurance/ mut.....

Tags : Reserve Bank of India, Banking Ombudsman Scheme 2006

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Punjab Assembly Amends Definition Of ‘Sale’ And ‘Supply’ Of Liquor To Circumvent SC Order(26.06.2017)

Punjab Assembly has passed Punjab Excise (Amendment) Bill, 2017 to allow sale of liquor at hotels, clubs and restaurants, located within 500 metres of.....

Tags : Punjab Assembly, Highway liquor ban

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Delhi HC Asks Canara Bank To Pay Rs. 2.62-Lakh Compensation For Wrongful Attachment of Property(26.06.2017)

Delhi High Court has directed bank to compensate petitioner for trauma and humiliation caused due to wrongful attachment of his property because of ba.....

Tags : Delhi High Court, Canara Bank

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ITAT Bangalore: Income from Sale of Cocoons Taxable as “Other Income”(12.06.2019)

Income Tax Appellate Tribunal (ITAT), Bangalore has noted that the income received from the sale of cocoons is not agricultural income and is taxable .....

Tags : ITAT Bangalore, Other Income

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Reserve Bank of India to Lift All Charges on Fund Transfers via RTGS and NEFT from July 1(12.06.2019)

Reserve Bank of India has said that it will lift all charges on fund transfer through popular RTGS and NEFT systems from July 1, 2019 and asked banks .....

Tags : Reserve Bank of India, NEFT, RTGS

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Meghalaya High Court: Indiscipline by Bankers Cannot be Overlooked(13.06.2019)

Meghalaya High Court has observed that indiscipline by bankers cannot be overlooked as they deal with public money. The Court held that "No organisati.....

Tags : Meghalaya High Court, Bankers

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Bombay High Court:Vague And General Allegations Not Enough to Incriminate Remote Relatives of Husband(14.06.2019)

Bombay High Court has noted that in cases where overt acts are attributed to persons other than the husband, such accusations need to be proved beyond.....

Tags : Bombay High Court, Husband

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Bombay High Court Rejects Plea to Let Bars, Permit Rooms Reopen After Highway Booze Ban(01.06.2017)

Bombay High Court has refused to allow more than a dozen hotels and permit rooms that had been sealed after Supreme Court’s ban on sale of liquor with.....

Tags : Bombay High Court, Highway Booze Ban

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ITAT Bangalore: Expenditure Incurred on Issuance of Debentures is Revenue Expenditure(01.06.2017)

ITAT Bangalore has directed the AO to allow expenditure incurred in relation to issuance of debentures as it constitute revenue expenditure under the .....

Tags : ITAT Bangalore, Revenue Expenditure

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Supreme Court: Woman Gets Nod to Stay With In-Laws While Husband is in jail(03.06.2019)

Supreme Court has permitted a 22-year-old woman to stay with the family of her husband who is serving a life sentence for murder, setting aside a Madr.....

Tags : Supreme Court, Husband

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Reserve Bank of India Removes Charges on NEFT, RTGS Transfers(07.06.2019)

Reserve Bank of India (RBI) has announced that it is waiving off charges that are applied on bank transfers carried out either by National Electronic .....

Tags : Reserve Bank of India, NEFT, RTGS

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Reserve Bank of India Revises Stressed Asset Norms(10.06.2019)

Reserve Bank of India (RBI) has issued a new prudential framework for resolution of stressed assets, effectively replacing its 12 February 2018 circul.....

Tags : Reserve Bank of India, Stressed Asset

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Reserve Bank of India Eases Norms for No-Frills Accounts(11.06.2019)

Reserve Bank of India has eased the norms for the Basic Savings Bank Deposit (BSBD) accounts popularly known as no-frills accounts by allowing banks t.....

Tags : Reserve Bank of India, No-Frills Accounts

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Supreme Court: All Petitions on Beef Ban In M’rashtra Must Be Listed Before One Bench(21.11.2017)

Supreme Court has said that all petitions relating to beef ban in Maharashtra should be listed before one bench only and sent the batch of pleas to be.....

Tags : Supreme Court, Beef Ban

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Will Not Allow Hadiya’s Husband to Meet Her, Says Hadiya’s Guardian and College Principal(29.11.2017)

Will Not Allow Hadiya’s Husband to Meet Her, Says Hadiya’s Guardian and College Principal

Tags : The Supreme Court ordered the college administration to treat Hadiya like any other student and as per hostel rules, but remained silent on whether Shafin Jehan, Hadiya’s husband, or her parents would be allowed to meet her while she completes her studies.

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Wife Not Personal Possession, Husband Cannot be Guardian, Supreme Court Tells Hadiya(29.11.2017)

Wife Not Personal Possession, Husband Cannot be Guardian, Supreme Court Tells Hadiya

Tags : When the bench asked Hadiya to name any relative or any near acquaintance to be named as her local guardian in college at Salem in Tamil Nadu, she said her husband could be her guardian and she does not want anyone else in that role.

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Supreme Court Grants Time to Gujarat For Action Report Against Cops in Bilkis Bano Case(29.11.2017)

Supreme Court Grants Time to Gujarat For Action Report Against Cops in Bilkis Bano Case

Tags : The Supreme Court bench, however, made it clear that the separate plea, seeking enhancement of compensation to be awarded to Bilkis Bano, would be taken up next week for hearing.

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Bombay High Court Restricts Canara Bank from Taking Possession of Worli Bungalow(09.10.2019)

Bombay High Court has restricted Canara Bank from taking over a bungalow in Worli locality of Mumbai from one of its borrowers and guarantor of a loan.....

Tags : Bombay High Court, Canara Bank

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SAT Reduces Market Ban on Inventure Growth(11.10.2019)

Securities Appellate Tribunal has reduced the market ban period on Inventure Growth and Securities to three years as well as set aside restrictions on.....

Tags : SAT, Market Ban

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RBI: Small Finance Banks Can Join Payment System(23.12.2015)

Reserve Bank of India (RBI) has said that entities who received in-principle approval for setting up payments banks and small finance banks can join a.....

Tags : Reserve Bank of India, payment system

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RBI Says No Deadline for Resolving Complaints under Banking Ombudsman Scheme(23.12.2015)

Reserve Bank of India (RBI) has said that there is no time limit for resolution of complaints under Banking Ombudsman scheme, aimed at seeking redress.....

Tags : Reserve Bank of India, Ombudsman scheme

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CCI Approves RBS India-Sanctum Wealth Acquisition Deal(30.12.2015)

Competition Commission of India (CCI) has approved acquisition of Royal Bank of Scotland (RBS) Group's India wealth management business by Sanctum Wea.....

Tags : Competition Commission of India , Royal Bank of Scotland , Sanctum Wealth

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RBI Tightens Norms for Banks Lending to Overseas Subsidiary of Indian Companies(04.01.2016)

Reserve Bank of India (RBI) has tightened norms for banks lending to overseas subsidiary of Indian companies by raising the provisions substantially a.....

Tags : Reserve Bank of India , subsidiary of Indian companies

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US Supreme Court Allows Full Enforcement of Trump Travel Ban(05.12.2017)

US Supreme Court has allowed President Donald Trump's travel ban to take full effect pending appeal, for people coming from six Muslim-majority countr.....

Tags : US Supreme Court, Travel Ban

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RBI Keeps Repo Rate Unchanged at 6%, Raises Inflation Forecast for Next Two Quarters(06.12.2017)

Reserve Bank of India (RBI) has kept repo rate unchanged at 6 percent. The inflation forecast for the next two quarters has been increased from 4.2 - .....

Tags : Reserve Bank of India

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US Supreme Court Allows Full Enforcement of Trump Travel Ban(11.12.2017)

US Supreme Court has allowed the Trump administration to fully enforce a ban on travel to the United States by residents of six mostly Muslim countrie.....

Tags : Supreme Court, Trump Travel Ban

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RBI Issues New Guidelines Over Private Bank CEO Remuneration(05.11.2019)

Reserve Bank of India has told private banks to raise the variable portion of remuneration to at least half of the total for their chief executives a.....

Tags : RBI, Private Bank CEO

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Madras High Court: Don't Erect Banner, Hoarding of a Living Person(25.10.2017)

Madras High Court has imposed a blanket ban on erecting hoardings, flex banners and signboards from the state's skyline with images of individuals who.....

Tags : Madras High Court, hoardings, flex banners, signboards

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ITAT, Bangalore: Addition Cannot be Made If Gift is Invalid(06.11.2017)

Income Tax Appellate Tribunal, Bangalore has ruled that if the gift is invalid then no addition can be done in respect of the same under the provision.....

Tags : Income Tax Appellate Tribunal, Bangalore

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PMLA Appellate Authority: IBC Prevails Over Prevention of Money Laundering Act(24.09.2019)

In an important decision, the Appellate Authority of the Prevention of Money Laundering Act, 2002 has upheld the prevalence of the Insolvency and Bank.....

Tags : Appellate Authority of the Prevention of Money Laundering Act, 2002, Insolvency and Bankruptcy Code, PMLA

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NGT: Make Rules for Regulation of Banquet Halls(26.09.2019)

National Green Tribunal (NGT) has directed the Delhi Government to formulate guidelines pertaining to the regulation of banquet halls across the city,.....

Tags : NGT, Banquet Halls

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Supreme Court: Non Production of Entire Contraband is no Ground for Acquittal by Itself(30.09.2019)

Supreme Court has ruled that non-production of contraband material by itself is not a ground for acquittal in case its seizure is otherwise proved. Th.....

Tags : Supreme Court, Contraband

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Bilkis Bano Case:Apex Court Directs Gujarat Govt to Pay Compensation and Provide Job Within Two Weeks(30.09.2019)

Apex Court has directed Gujarat Government to pay compensation and provide job to Bilkis Bano within two weeks. The Court had awarded a compensation o.....

Tags : Apex Court, Bilkis Bano Case

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RBI Updates Norms of Fema(05.02.2016)

Reserve Bank of India (RBI), with an aim to promote ease of doing business, has come out with nine updated rules under the Foreign Exchange Management.....

Tags : Reserve Bank of India , oreign Exchange Management Act (Fema), 1999

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RBI Announces Rs 10,000 Crore OMO Purchases(05.02.2016)

Reserve Bank of India (RBI) has announced an Open Market Operation (OMO) purchase of government securities worth Rs 10,000 crore on February 8.

Tags : Reserve Bank of India , Open Market Operation

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NGT Seeks Health Ministry’s, MoEF’s Response over Plea Seeking Ban on Mercury Equipments(08.02.2016)

National Green Tribunal (NGT) has sought Government's Response over plea seeking ban of mercury-based equipments in hospitals to prevent spillage of t.....

Tags : National Green Tribunal, Ban on Mercury Equipments

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Delhi Court Dismisses Plea Against 2nd Husband, As Earlier Marriage Was in Subsistence(12.02.2016)

A Delhi Court, while dismissing a woman's plea seeking relief in a domestic violence case filed against her second husband, has said that woman who ti.....

Tags : Delhi Court, 2nd Husband

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Allahabad HC Seeks Reply From BHU over Magsaysay’s Petition(15.02.2016)

Allahabad High Court has asked Banaras Hindu University (BHU) authorities to file a counter affidavit on a petition filed by Magsaysay Award-winning s.....

Tags : Allahabad High Court, Banaras Hindu University

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Supreme Court: Restaurants with Live Band, Discos Should Obtain Licence(29.01.2018)

Supreme Court has upheld the constitutionality of ‘The Licensing and Controlling of Places of Public Entertainment (Bangalore City) Order 2005’ issued.....

Tags : Supreme Court, Live Band, Discos

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Bombay High Court Rejects PMC Bank Depositors' Plea for Lifting Withdrawal Cap(06.12.2019)

Bombay High Court has rejected pleas of the depositors of the crisis-hit Punjab and Maharashtra Cooperative (PMC) Bank, seeking lifting of restriction.....

Tags : Bombay High Court, PMC Bank

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SC to RBI: Disclose Names of India's Biggest Loan Defaulters(17.02.2016)

SC has sought list of companies from Reserve Bank of India (RBI) who have defaulted in paying back loan to PSU banks and have contributed to massive l.....

Tags : SC, Reserve Bank of India

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RBI Revises Norms for NBFC Factor Firms(19.02.2016)

Reserve Bank of India (RBI) has came out with clarifications for NBFC factor companies to remove any possible regulatory arbitrage with banks that pro.....

Tags : Reserve Bank of India , NBFC factor companies

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SC: Anti-Graft Act Covers All Pvt. Bank Staff Too(24.02.2016)

SC, in a move to expand scope of the Prevention of Corruption Act, has brought all private bank employees within the ambit of the anti-graft law, whic.....

Tags : SC, anti-graft law, Pvt. Bank

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RBI Notifies Levy of Penal Interest on Banks for Delayed Reporting of Transactions(12.02.2018)

Reserve Bank of India has issued a notification regarding levy of penal interest on the Banks for delayed reporting of transactions.

Tags : Reserve Bank of India

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RBI Withdraws CDR, SDR, S4A, JLF Schemes to Restructure Bad Loans(13.02.2018)

Reserve Bank of India has scrapped Corporate Debt Restructuring, Sustainable Structuring of Stressed Assets, Strategic Debt Restructuring, & Flexible .....

Tags : Reserve Bank of India, Insolvency

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RBI Withdraws CDR, SDR, S4A, JLF Schemes to Restructure Bad Loans(13.02.2018)

Reserve Bank of India has scrapped Corporate Debt Restructuring, Sustainable Structuring of Stressed Assets, Strategic Debt Restructuring, & Flexible .....

Tags : Reserve Bank of India, Insolvency

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UK HC: Anil Ambani’s Evidence in Case Filed by Chinese Banks Incomplete(17.12.2019)

United Kingdom High Court has termed the evidence provided by Reliance Communications chairman Anil Ambani as “inexplicably incomplete, implausible an.....

Tags : UK HC, Anil Ambani

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RBI Revises SDR Norms(26.02.2016)

Reserve Bank of India (RBI) has asked banks going in for Strategic Debt Restructuring (SDR) scheme to make sufficient provisions to the tune of 15 per.....

Tags : Reserve Bank of India , Strategic Debt Restructuring

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RBI Issues Draft Norms for Account Aggregators(04.03.2016)

Reserve Bank of India (RBI) has issued draft guidelines for setting up of Non-Banking Finance Companies (NBFC) that would act as account aggregators a.....

Tags : Reserve Bank of India , Non-Banking Finance Companies

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RBI Issues Norms to Shore Up Governance Standards at Urban Cooperative Banks(02.01.2020)

Reserve Bank of India has released the final guidelines for setting up a board of management for such banks. According to the guidelines, UCBs, with d.....

Tags : RBI, Urban Cooperative Banks

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CESTAT Bangalore: No Service Tax Would be Applicable on VSAT Hire Charges and VSAT Usage Fee(06.01.2020)

Customs Excise and Service Tax Appellate Tribunal, Bangalore has held that Very Small Aperture Terminal equipment Hire Charges and Very Small Aperture.....

Tags : CESTAT Bangalore, VSAT

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Reserve Bank of India Permits Banks to Trade in Forex Outside of Market Hours(07.01.2020)

Reserve Bank of India has said that it has permitted category–I banks to offer foreign exchange prices to users at all times, out of their Indian book.....

Tags : Reserve Bank of India, Forex

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Reserve Bank of India Revises PCA Regime for UCBs Facing Financial Stress(07.01.2020)

Reserve Bank of India has decided to revise its Supervisory Action Framework to place restrictions on urban cooperative banks (UCBs) for deterioration.....

Tags : Reserve Bank of India, PCA Regime

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RBI Releases First Bi-monthly Monetary Policy Statement, 2016-17(05.04.2016)

Reserve Bank of India (RBI) has released First Bi-monthly Monetary Policy Statement, 2016-17, lowered key interest rates by 25 basis points to 6.5 per.....

Tags : Reserve Bank of India , First Bi-monthly Monetary Policy Statement, 2016-17

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Bangladesh Supreme Court Cancels Khaleda Zia’s Bail(19.03.2018)

Bangladesh's Supreme Court has halted the release of opposition leader Khaleda Zia on bail, deepening a political crisis ahead of a national election .....

Tags : Bangladesh Supreme Court, Khaleda Zia

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RBI Allows Financial Institutions to Conduct Business in Indian National Rupee in IFSC(20.01.2020)

Reserve Bank of India has allowed the Financial Institutions to conduct businesses in Indian National Rupees in International Financial Services Centr.....

Tags : Reserve Bank of India, Financial Institutions, Business in Indian National Rupee

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Supreme Court Indicts Indian Bank for Negligence(20.01.2020)

Supreme Court has directed the Indian Bank to pay Rs. 25 lakhs as compensation to Dayanand Anglo Vedic Public School in West Bengal for negligence lea.....

Tags : Supreme Court, Indian Bank

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Calcutta HC: Application to Set Aside Arbitral Award Cannot Be Put on Hold Due to Invocation of IBC(20.01.2020)

Calcutta High Court has stated that an application to set aside an arbitral award under the Arbitration and Conciliation Act, 1996 cannot be kept in a.....

Tags : Calcutta High Court, Set Aside of Arbitral Award, Insolvency and Bankruptcy Code Provisions

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NCLAT Stays NCLT’s Order Prohibiting Appointment of Ex- Bankers as Resolution Professional(21.01.2020)

National Company Law Appellate Tribunal has stayed National Company Law Tribunal’s Order which prohibited appointing a former bank official as indepen.....

Tags : National Company Law Appellate Tribunal, Appointment of Ex- Bankers

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RBI Issues Guidelines on PSLCs(08.04.2016)

Reserve Bank of India (RBI), has released guidelines for Priority Sector Lending Certificates (PSLCs), where banks can buy and sell instruments to man.....

Tags : Reserve Bank of India, Priority Sector Lending Certificates

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Rajasthan Passes Bills to Ease Land Acquisition(08.04.2016)

Rajasthan has passed the Rajasthan Urban Land (Certification Of Titles) Bill, 2016 and Rajasthan Land Pooling Schemes Bill, giving a landmark legislat.....

Tags : Rajasthan Urban Land (Certification Of Titles) Bill, 2016

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NGT Seeks Report on Groundwater Quality Near Defunct Bandhwari Waste Treatment Plant(18.04.2016)

National Green Tribunal (NGT) has directed Central Ground Water Authority to submit a report on the quality of groundwater near the defunct Bandhwari .....

Tags : National Green Tribunal , Central Ground Water Authority , Bandhwari municipal waste treatment plant

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RBI Amends Norms on Bank Frauds(19.04.2016)

Reserve Bank of India (RBI), while amending disclosure norms, has asked banks to disclose fraud cases and make provisions for them not exceeding four .....

Tags : Reserve Bank of India, Bank Frauds

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Delhi HC Seeks Centre's Response over RBI's Circular on E-Retail(22.04.2016)

Dellhi HC has sought Centre's response on petition challenging a circular by Reserve Bank of India (RBI), as per which retail trading in any form thro.....

Tags : Dellhi HC , Reserve Bank of India

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Karnataka High Court: Act Against Those Calling for Bandhs(11.04.2018)

Karnataka High Court has asked the State Government to submit its response by Wednesday on a batch of PILs that accuse the state government of not tak.....

Tags : Karnataka High Court, Bandhs

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ITAT, Pune Allows Claim for Set-off of Loss by Husband Invested in Wife’s Business(30.01.2020)

Income Tax Appellate Tribunal, Pune has held that the wife’s separate income can be clubbed into husbands total income and in the case of any loss inc.....

Tags : Income Tax Appellate Tribunal, Clubbing of Husband and Wife's Incomes

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RBI Refuses to Extend Deadline for PPIs to Complete Customer Verification(27.02.2018)

Reserve Bank of India (RBI) has refused to extend the 28 February deadline for prepaid payment instruments (PPIs) such as mobile wallets to complete k.....

Tags : Reserve Bank of India, prepaid payment instruments, know-your-customer

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Supreme Court to Unemployed Husband: You Say You're a Homemaker But Where's the Home(01.03.2018)

"You say you are a homemaker but where is the home to make?" the Supreme Court asked a man while hearing a bunch of matrimonial dispute cases.

Tags : Supreme Court, Unemployed Husband

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RBI Imposes Penalty on Equitas for Selling MF, Insurance Products Without Approval(09.03.2018)

Reserve Bank of India (RBI) has imposed a penalty of Rs 10 lakh on Equitas Small Finance Bank for distributing mutual fund (MF), insurance and wealth .....

Tags : Reserve Bank of India, Equitas Small Finance Bank

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SC Issues Notice to Union Government on Petitions Challenging Constitutionality of IBC Ordinance(14.01.2020)

Supreme Court has issued a notice to the Union Government on Petitions Challenging Constitutional Validity of Insolvency and Bankruptcy Code (Amendmen.....

Tags : Supreme Court, Insolvency and Bankruptcy Code Ordinance

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Reserve Bank of India Lifts Restrictions on Catholic Syrian Bank on Opening Branches(15.01.2020)

Reserve Bank of India has lifted a restriction that was imposed on the Catholic Syrian Bank for opening new branches, given the delayed initial public.....

Tags : Reserve Bank of India, Catholic Syrian Bank

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Securities Appellate Tribunal Grants Interim Relief to Axis Bank(16.01.2020)

Securities Appellate Tribunal has granted interim relief to Axis Bank in the Appeal seeking status quo on the Order passed by the Securities and Excha.....

Tags : Securities Appellate Tribunal, Axis Bank, Karvy Stock Broking Case

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Insolvency and Bankruptcy Board of India (IBBI): Unclaimed Dividend to Go to IBBI Account(17.01.2020)

Insolvency and Bankruptcy Board of India has notified an amendment to the Voluntary Liquidation Process Regulation, 2017, whereby all unclaimed divide.....

Tags : Insolvency and Bankruptcy Board of India, Amendment in Voluntary Liquidation Process Regulation, 2017

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Karnataka HC Restrains New Development Activity Near Bannerghatta National Park(21.01.2020)

Karnataka High Court has restrained any new commercial or development activities, within 10 kilometres radius of Bannerghatta National Park, until the.....

Tags : DKarnataka High Court, Bannerghatta National Park

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Reserve Bank of India Cancels Vodafone’s Certificate of Authorization for M- Pesa(22.01.2020)

Reserve Bank of India has said that it has cancelled the Certificate of Authorization of Vodafone M- Pesa on account of voluntary surrender of authori.....

Tags : Reserve Bank of India, Vodafone

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Securities Appellate Tribunal Maintains Status Quo in Axis- Karvy Case(22.01.2020)

Securities Appellate Tribunal has extended its status quo order in the case of Axis Bank and Karvy Stock Broking till January 31.

Tags : Securities Appellate Tribunal, Axis Bank, Karvy Stock Broking Case

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Bombay HC Sets Aside Goods and Services Tax Authority's Order on Power to Attach Bank Accounts(23.01.2020)

Bombay High Court has quashed and set aside an order by the Directorate General of Goods and Services Tax Intelligence holding that the said order of .....

Tags : Bombay High Court, Power to Attach Bank Accounts

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National Green Tribunal Seeks Status from CPCB on Kite String Ban Implementation(24.01.2020)

National Green Tribunal has asked Central Pollution Control Board (CPCB) to submit a compliance report on the status of implementation of the ban on m.....

Tags : National Green Tribunal, Kite String Ban Implementation

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Reserve Bank of India Raises Investment Cap for FPIs in Corporate and Government Debt Instruments(24.01.2020)

Reserve Bank of India has raised the investment limit for foreign portfolio investors in Government and Corporate Bonds, in a bid to bring in more for.....

Tags : Reserve Bank of India, Investment Cap for Foreign Portfolio Investors

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SC Asks SIT to Look into BoB Scam(27.04.2016)

Supreme Court has directed Special Investigation Team (SIT) on black money to look into a fresh plea seeking a probe into the recent Bank of Baroda (B.....

Tags : Supreme Court , Bank of Baroda

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RBI Relaxes Deposit Norms for Foreign Missions, Diplomats(06.05.2016)

Reserve Bank of India (RBI) has repealed and superseded regulations under the Foreign Exchange Management (Deposit) Regulations, 2000, in consultation.....

Tags : Reserve Bank of India , Foreign Exchange Management (Deposit) Regulations, 2000,

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Lok Sabha Passes Bankruptcy Bill(06.05.2016)

Lok Sabha has passed the Insolvency and Bankruptcy code 2016 with all the amendments proposed by the joint committee of Parliament being accepted by t.....

Tags : Lok Sabha , Bankruptcy Bill

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Allahabad High Court Prohibits Raising of Banners and Posters in Court Premises(12.02.2020)

Allahabad High Court has prohibited the raising of banners and posters in the Court premises, during elections to the High Court Bar Association, keep.....

Tags : Allahabad High Court, Raising of Banners and posters in Court Premises

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NCLAT: CIRP Against Real Estate Company to Affect the Only Project Concerned(13.02.2020)

National Company Law Appellate Tribunal has held that an insolvency process against a real estate company will impact only the project concerned and n.....

Tags : National Company Law Appellate Tribunal, Appointment of Ex- Bankers

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Calcutta High Court Asks Reserve Bank of India to Act Against Bank of Baroda(17.02.2020)

Calcutta High Court has asked the Reserve Bank of India to consider “appropriate steps” against the Bank of Baroda, including cancelling its banking l.....

Tags : Calcutta High Court, Reserve Bank of India, Bank of Baroda

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Supreme Court: SMS for Hot Seat Contest in Kaun Banega Crorepati Not Unfair Trade Practice(18.02.2020)

Supreme Court has held that the Short Message Service (SMS) for the purpose of the Har Seat Hot Seat (HSHS) contest in Kaun Banega Crorepati (KBC) bei.....

Tags : Supreme Court, Kaun Banega Crorepati

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RBI Issues Shareholding Norms for Private Sector Banks(13.05.2016)

Reserve Bank of India (RBI) has issued new guidelines on ownership in private sector banks by bundling shareholding patterns into two broad categories.....

Tags : Reserve Bank of India, Private Sector Banks

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RBI Issues Guidelines for Voluntary Surrender of Licence by PSOs(13.05.2016)

Reserve Bank of India (RBI) has issued guidelines for voluntary surrender of licence by Payment System Operators (PSOs) under Payment & Settlements Sy.....

Tags : Reserve Bank of India , PSOs

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RBI’s Nod to FPIs to Invest in Unlisted Debt Securities(17.05.2016)

Reserve Bank of India (RBI) has allowed Foreign Portfolio Investors (FPIs) to invest in unlisted debt securities as well as in securitised debt instru.....

Tags : Reserve Bank of India , Foreign Portfolio Investors

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RBI Eases Norms on FDI in CICs(20.05.2016)

Reserve Bank of India (RBI) has eased norms around Foreign Direct Investment (FDI) in credit information companies (CICs) in India.

Tags : Reserve Bank of India, FDI

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Supreme Court: Union Government Cannot Freeze Assets of Punjab National Bank in Nirav Scam Case(20.02.2020)

Supreme Court had ordered that the Union Government could not have moved under company law for freezing the assets of ex-Managing Director of Punjab N.....

Tags : Supreme Court, Punjab National Bank, Nirav Scam Case

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Reserve Bank of India Approves Kotak Mahindra’s Proposal to Trim Stake of Promoters(20.02.2020)

Reserve Bank of India has given final approval to Kotak Mahindra Bank’s proposal on reducing promoters’ stakes and capping their voting rights.

Tags : Reserve Bank of India, Kotak Mahindra Bank, Promoters Shareholding

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ITAT, Mumbai: Interest on Investments in Co-operative Bank Eligible for Deduction(24.02.2020)

Income Tax Appellate Tribunal (ITAT), Mumbai has held that the interest income earned by a co-operative society on its investments held with a co-oper.....

Tags : Income Tax Appellate Tribunal, Interest on Investments in Co-operative Bank

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Delhi High Court Seeks DGCA Response on Kunal Kamra's Plea Against Flying Ban(25.02.2020)

Delhi High Court has asked Directorate General of Civil Aviation (DGCA) to respond to comedian and activist Kunal Kamra's plea challenging his travel .....

Tags : Delhi High Court, Kunal Kamra Flying Ban

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Reserve Bank of India Lifts Restriction on Bandhan Bank(26.02.2020)

Reserve Bank of India has lifted the restriction on Bandhan Bank to expand its branch network after considering the efforts made by the private lender.....

Tags : Reserve Bank of India, Bandhan Bank

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Delhi High Court Directs Supreme Court Registry to Supply Necessary Documents to Police(26.02.2020)

Delhi High Court has directed the Supreme Court's Registry to supply documents required for the investigation in a plea seeking quashing of First Info.....

Tags : Delhi High Court, Anil Ambani Contempt Case

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Kerala High Court Bans Agitation on Campuses(27.02.2020)

Kerala High Court has banned all forms of agitation by students groups in schools and colleges that disrupt the functioning of educational institution.....

Tags : Kerala High Court, Ban of Agitation on Campuses

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Delhi HC Directs DGCA to Deal with Kunal Kamra's Complaint Within 8 Weeks(27.02.2020)

Delhi High Court has disposed of comedian and activist Kunal Kamra's plea challenging his travel ban, directing the Directorate General of Civil Aviat.....

Tags : Delhi High Court, Kunal Kamra Flying Ban

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Karnataka HC Directs State to Come Out with Rehabilitation Scheme for Illegal Bangladeshi Immigrants(28.02.2020)

Karnataka High Court has granted one week to the State Government to come out with a scheme for rehabilitation and grant of monetary compensation to t.....

Tags : Karnataka High Court, Rehabilitation Scheme for Illegal Bangladeshi Immigrants

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RBI Relaxes Rules for ECBs(01.07.2016)

Reserve Bank of India (RBI) has said eased rules for External Commercial Borrowings (ECBs) and said that Indian companies will need to submit for appr.....

Tags : Reserve Bank of India, ECBs

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RBI Notifies Rates for Small Saving Schemes for Q2(08.07.2016)

Reserve Bank of India (RBI) has notified the interest rates for different small savings schemes for the quarter ending September. The interest rates h.....

Tags : Reserve Bank of India, RBI, small savings schemes

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RBI Sets Rupee Reference Rate against US Dollar and Euro(08.07.2016)

Reserve Bank of India (RBI) has fixed reference rate of the rupee at 67.4972 against the US dollar and 74.8274 for the euro.

Tags : Reserve Bank of India, RBI, reference rate

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Delhi HC Issues Restraining Orders on Bank Strike(12.07.2016)

Delhi HC has issued interim orders restraining staff and officers associations from going on strike against proposed merger of associate banks with St.....

Tags : Delhi HC, State Bank of India

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SC to Sikh Bodies: Create Mechanism to Curb ‘Santa-Banta’ Jokes(13.07.2016)

SC, while hearing petitions seeking ban on circulation of jokes about Sikh community, has asked bodies representing the community to create a mechanis.....

Tags : SC, ‘Santa-Banta’ Jokes

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Karnataka HC Stays Auction of Properties by Banks During 21-Day Lock Down Period(31.03.2020)

Karnataka High Court has stayed for three weeks the process of auction and e-auction of mortgaged properties, during the 21-day lock-down period, obse.....

Tags : Karnataka High Court, Auction of Properties by Banks

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Delhi HC Issues Notice on Plea Challenging Coercive Action Proposed by YES Bank(02.04.2020)

Delhi High Court has issued notice to YES Bank Limited in a plea challenging the email sent by YES Bank, wherein the bank has proposed to take coerciv.....

Tags : Delhi High Court, YES Bank

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Delhi HC Seeks Delhi Govt.’s Response on Plea over Beef Ban(14.07.2016)

Delhi HC has issued notice to Delhi Government on plea challenging law that criminalizes possession and consumption of beef in the National Capital Re.....

Tags : Delhi HC, Delhi Government, Beef Ban

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Bombay High Court Raps CBI in Bilkis Bano Case(18.07.2016)

Bombay High Court has rapped the Central Bureau of Investigation (CBI) for “not being prepared” in the 2002 Bilkis Bano gang rape case.

Tags : Bombay High Court, Bilkis Bano

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NGT Orders to De-Register Over 10-Year Old Diesel Vehicles in Delhi(18.07.2016)

National Green Tribunal has directed the Regional Transport Office, Delhi to de-register all diesel vehicles which are more than ten years old.

Tags : NGT, Ban, Diesel

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RBI Imposes Penalty on 3 Banks in Forex Scam(26.07.2016)

Reserve Bank of India (RBI) has imposed penalties of Rs.5 crore on Bank of Baroda, Rs.3 crore on Punjab National Bank and Rs.2 crore on HDFC Bank, in .....

Tags : Reserve Bank of India, Forex Scam

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Gujarat HC Dismisses PIL against Sudhir Mankad’s Appointment to RBI(26.07.2016)

Gujarat HC has junked PIL challenging appointment of ex-Chairman of Gujarat International Finance Tec-City (GIFT-City) Sudhir Mankad as a Non-Officiat.....

Tags : Gujarat HC, Sudhir Mankad , Reserve bank of India

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Bombay HC Issues Contempt Notice to RBI Regional Director(27.07.2016)

Bombay HC has issued contempt notice to Reserve Bank of India's (RBI) Regional Director in a contempt plea filed by Akhil Bharatiya Adivasi Karmachari.....

Tags : Bombay HC , Akhil Bharatiya Adivasi Karmachari Sanghatna, Reserve Bank of India

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US Supreme Court Says Trump's Travel Ban is Legal(27.06.2018)

US Supreme Court has upheld the constitutionality of President Trump's travel ban.

Tags : US Supreme Court, Travel Ban

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Delhi HC Restores 'Status Quo Ante' for Loan Classified as NPA by Yes Bank(08.04.2020)