Framework for enhancing .....Tags : rbi, large borrower, risk, asset
read»
Arbitration Amendment Act, SC Says: New S. 36 Apply Even To pending S. 34 Applications(16.03.2018)
SC has clarified that since execution of a decree pertains to the realm of procedure, and that there is no substantive vested right in a judgment debt.....
Tags : Supreme Court, Arbitration
read»
RBI Keeps Repo Rate Unchanged at 6%(05.04.2018)
RBI has maintained status quo on the short-term lending rate, repo rate, at 6 per cent, in its first bi-monthly policy review of 2018-19. Reverse repo.....
Tags : RBI, Repo Rate
read»
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
read»
Arbitrator Can’t Issue Further Directions in an Award Without Proper ‘Adjudication': Delhi HC(04.06.2018)
Delhi High Court has held that an arbitrator cannot issue further ‘directions’ in an award based on settlement, without hearing both the parties in a .....
Tags : Delhi High Court, Arbitration
read»
SC to Centre, RBI: File Response to Plea on Panama Papers(26.07.2016)
SC has asked Centre and RBI to file their response in four weeks to a plea seeking CBI probe against Indian offshore bank account holders named in the.....
Tags : SC, Centre, RBI, Panama papers
read»
FEMA Norms Eased to Spur Investment from Fverseas(10.11.2017)
Reserve Bank of India (RBI) has simplified Foreign Exchange Management Regulations, by putting all the 93 amendments under one notification, a move th.....
Tags : FEMA, RBI
read»
PAN and Contact Info 'Leaked', Did SBI Miss Major Design Flaw in Its Envelopes?(06.12.2017)
An activist has been "pleading" with SBI at the highest level for the past 16 months to ensure compliance with RBI directions, but nothing h.....
Tags : RBI
read»
Contract must explicitly bar pendente lite interest to prevent arbitral award(16.03.2016)
An Arbitrator cannot award interest pendente lite if the same is barred expressly by contract. The Supreme Court distinguished an explicit contractual.....
Tags : Arbitration, interest, award, pendente lite
read»
'No Need for Knee-Jerk Reaction': Arun Jaitley Blames 'Global Reasons' for Rupee's Steep Fall(06.09.2018)
The rupee's unabated fall continued for the sixth day on Wednesday as it hit yet another closing low of 71.75 against the US dollar, forcing the RBI t.....
Tags : RBI
read»
RBI Cuts Provisioning Norm for Advances to Large Accounts Now Before NCLT(05.04.2018)
Reserve Bank of India has reduced the provisioning requirement for large accounts referred to the National Company Law Tribunal (NCLT) up to March 31,.....
Tags : RBI, NCLT
read»
Del. HC: Remedy of Arbitration Not Excluded from U.P Regulation of Cold Storages Act(13.10.2023)
Delhi High Court has held that Uttar Pradesh Regulations of Cold Storage Act 1976 does not provide any special right, remedy or procedure that cannot .....
Tags : Delhi High Court, Arbitration, Cold Storages Act
read»
Stalling foreign arbitral award with Indian law rebuked(13.05.2016)
Where parties to a contract choose a seat of arbitration outside India and the law applicable is explicitly not Indian, courts in India do not have ju.....
Tags : Arbitration, abroad, jurisdiction, umpire
read»
Bank of China Will Now Have Offices in India, RBI Issues Licence(04.07.2018)
The decision to allow Bank of China to start operations was reached at a meeting between Chinese President Xi Jinping and Prime Minister Narendra Modi.....
Tags : RBI
read»
PAN and Contact Info 'Leaked', Did SBI Miss Major Design Flaw in Its Envelopes?(06.12.2017)
An activist has been "pleading" with SBI at the highest level for the past 16 months to ensure compliance with RBI directions, but nothing h.....
Tags : RBI
read»
RBI Changes Methodology for Bond Valuation to Check Manipulation(31.03.2018)
Reserve Bank of India has changed the methodology used by debt market players, including banks and primary dealers, for valuation of securities, espec.....
Tags : RBI, Bonds
read»
RBI Caps Banks' Exposure to Single NBFC at 20% of Capital Base(13.09.2019)
Reserve Bank of India (RBI) has observed that it has decided that a bank’s exposure to a single NBFC (excluding gold loan companies) will be restricte.....
Tags : RBI, NBFC
read»
RBI Opens 24x7 NEFT Window(17.12.2019)
Reserve Bank of India has allowed National Electronic Funds Transfer (NEFT) facility available for 24 hours a day throughout the year starting 16th De.....
Tags : RBI, NEFT
read»
Arbitration tribunal empowered to recall order ‘in the interest of justice’(08.07.2016)
An arbitration tribunal can exercise its inherent powers to “secure the ends of justice”, the Chhattisdarh High Court said, allowing claims that the t.....
Tags : chhattisgarh, arbitration, order, recall, interest of justice
read»
RBI: Repo Rate Remains Unchanged at 7.25%;CRR Unchanged(04.08.2015)
Reserve Bank of India has kept interest rates unchanged. However it has raised hopes of a reduction before the end of the year if the monsoon maintain.....
Tags : RBI, Repo rate
read»
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
read»
RBI Permits Banks to Use E-Payments for Imports(25.09.2015)
RBI, in order to facilitate e-commerce, has permitted banks to enter into pacts with Online Payment Gateway Service Providers (OPGSPs), for import pay.....
Tags : RBI, E-Payments for Imports
read»
PAN and Contact Info 'Leaked', Did SBI Miss Major Design Flaw in Its Envelopes?(06.12.2017)
An activist has been "pleading" with SBI at the highest level for the past 16 months to ensure compliance with RBI directions, but nothing h.....
Tags : RBI
read»
RBI: Allow Mobile Registration from Any Bank’s ATM(31.08.2016)
Reserve Bank of India (RBI) has made it mandatory for banks to allow customers to register their mobile numbers through any ATM.
Tags : RBI, ATM
read»
SC: Arbitration Clauses in Unstamped Agreements are Inadmissible but not Void(13.12.2023)
Supreme Court 7-judge bench while overruling the 5-judge bench judgment in N.N. Global Mercantile Pvt. Ltd. v. M/s. Indo Unique Flame Ltd. (MANU/SC/04.....
Tags : Supreme Court, Arbitration Clauses, Unstamped Agreements
read»
RBI Extends Availability of Relaxed Terms for Securitisation Transactions by NBFCs to June 30, 2020(02.01.2020)
Reserve Bank of India has extended the availability of relaxed terms for securitisation transactions or sale of assets by non-bank lenders to banks to.....
Tags : RBI, Securitisation Transactions
read»
Supreme Court: Limitation u/s 34 of Arbitration Act Begins From Date of Delivery of Award Copy(30.03.2018)
Supreme Court has reiterated that the limitation period prescribed under Section 34(3) of the Arbitration and Conciliation Act would commence only fro.....
Tags : Supreme Court, Arbitration
read»
PAN and Contact Info 'Leaked', Did SBI Miss Major Design Flaw in Its Envelopes?(06.12.2017)
An activist has been "pleading" with SBI at the highest level for the past 16 months to ensure compliance with RBI directions, but nothing h.....
Tags : RBI
read»
RSS Ideologue Gurumurthy Appointed to RBI Board, Says Accepted Role in Public Interest(09.08.2018)
Gurumurthy, who had referred demonetisation decision as the equivalent of Financial Pokhran, is associated with the Rashtriya Swayamsevak Sangh (RSS) .....
Tags : RBI
read»
RBI Cuts Repo Rate from 5.40% to 5.15%(04.10.2019)
Reserve Bank of India (RBI) has lowered its key lending rate or the repo rate by 0.25 per cent — from 5.40 per cent to 5.15 per cent in its fourth bi-.....
Tags : RBI, Repo Rate
read»
Delhi HC Seeks Centre’s Response on Surcharge on Debit, Credit Card Payments(18.05.2016)
Delhi HC has sought response of Centre and RBI on a plea against "illegal" surcharge levied on transactions done through debit and credit cards across.....
Tags : Delhi HC , Centre, RBI
read»
An award can be set aside only if the award is against the public policy of India(11.01.2022)
The Appellant - Haryana Tourism Limited ('Corporation') invited tenders/quotations for the supply of Aerated Cold Drinks at its Tourist Complexes for .....
Tags : Award, Arbitrator, Jurisdiction
read»
SC: Department Officer Can Continue to Preside Over Arbitration Proceedings After Retirement(27.09.2021)
Supreme Court has held that a department officer, who was appointed as the arbitrator, can continue to preside over the arbitration proceedings even a.....
Tags : Supreme Court, Retired Arbitrator
read»
RBI Keeps Repo Rate Unchanged(07.02.2020)
Reserve Bank of India’s Monetary Policy Committee has kept the key policy rate unchanged while admitting that inflation was on a rising trajectory th.....
Tags : RBI, Repo Rate
read»
Delhi HC: Participation in Arbitral Proceedings Does Not Waiver Right to Challenge Appointment(18.02.2022)
Delhi High Court has terminated the mandate of a sole arbitrator appointed unilaterally at the instance of one of the contracting parties. The Court h.....
Tags : Delhi High Court, Participation in Arbitral Proceedings
read»
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
read»
SC Issues Contempt Notices to RBI for Denying Info Under RTI on Loan Defaulters(28.01.2019)
Supreme Court has issued contempt notices to RBI for failing to reveal under the Right to Information Act intelligence received on loan defaulters and.....
Tags : Supreme Court, RBI
read»
Del HC: Counter-Balancing Not Achieved Where Majority of Tribunal Members Appointed By One Party(12.07.2023)
Delhi High Court has held that where a party is required to appoint an arbitrator from a panel made by the other contracting parties, it is mandatory .....
Tags : Delhi High Court, Tribunal Members, Arbitration
read»
All. HC: Scheme of A&C Act Put no Limitation for Application of Doctrine of Severability to an Award(25.09.2023)
Allahabad High Court has held that scheme of the Arbitration and Conciliation Act, 1996 does not put any limitation on power of the court to apply the.....
Tags : Allahabad High Court, Doctrine of Severability, Arbitral Award
read»
Del. HC: True Copy of Arbitration Agreement Sufficient for S.11 Petition if Stamp Duty Not Disputed(24.08.2023)
Delhi High Court has held that if the stamp duty of the arbitration agreement is not disputed, the true or certified copy of the agreement containing .....
Tags : Delhi High Court, Arbitration Agreement, True Copy, Stamp
read»
PAN and Contact Info 'Leaked', Did SBI Miss Major Design Flaw in Its Envelopes?(06.12.2017)
An activist has been "pleading" with SBI at the highest level for the past 16 months to ensure compliance with RBI directions, but nothing h.....
Tags : RBI
read»
Del HC: Party’s Agreement to Constitute Arb. Tribunal Precludes Them From Opposing Arbitrator’s App.(20.02.2024)
Delhi High Court has held that if once a party has agreed on constituting an arbitral tribunal then it is prohibited from subsequently opposing the ap.....
Tags : Delhi High Court, Arbitrator’s Appointment, Arbitral Tribunal
read»