12 August 2024

Search Results for Tag : ban

Judgments

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

Blast from the Past

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

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

Top Story

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

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

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

Notifications & Circulars

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

News

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

SC Sets Aside Allahabad HC Order Refusing To Entertain YES Bank's Plea(25.01.2023)

Supreme Court has set aside the Allahabad High Court order refusing to entertain the Yes Bank plea challenging police investigation into an FIR lodged.....

Tags : Supreme Court, Allahabad High Court, Yes Bank, Essel Group

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Circular regarding voluntary transition of Small Finance Banks to Universal Banks(26.04.2024)

1. This is with reference to Paragraph 14 of the "Guidelines for 'on-tap' Licensing of Small Finance Banks in Private Sector" dated December 5, 2019, .....

Tags : Voluntary transition, Small Finance Banks, Conversion

Reserve Bank releases deposits with Scheduled Commercial Banks - March 2024(04.06.2024)

The Reserve Bank released the web publication 'Deposits with Scheduled Commercial Banks2 - March 20243' on its 'Database on Indian Economy' portal.

Tags : Deposits, Release, Commercial bank

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

Prudential Treatment of Bad and Doubtful Debt Reserve by Co-operative Banks(02.08.2024)

1. Under the provisions of the respective State Co-operative Societies Acts, or otherwise, on prudential consideration, several co-operative banks hav.....

Tags : Prudential Treatment, Doubtful Debt Reserve, Co-operative Banks

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

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

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

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

Reserve Bank of India Issues Directions for Permitting Rupee Derivatives to be Traded in IFSCs(24.01.2020)

Reserve Bank of India has released directions under Section 45 W of the Reserve Bank of India Act, 1934 permitting Rupee derivatives to be traded in I.....

Tags : Reserve Bank of India, Trading of Rupee Derivatives in IFSCs

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

Kar. HC: Husband Asking Wife to Pursue Education, Expressing Views About Having Child Not Cruelty(17.08.2022)

Karnataka High Court while setting aside conviction under Section 498A of Indian Penal Code has held that husband suggesting to his wife or asking her.....

Tags : Karnataka High Court, Cruelty, Husband

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

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

ITAT, Delhi Deletes Adjustments of TPO on AMP Expenses of Ray-Ban(27.01.2021)

Income Tax Appellate Tribunal (ITAT), Delhi has given relief to Ray-Ban deleting the adjustments made by the Transfer Pricing Officer (TPO) on account.....

Tags : Income Tax Appellate Tribunal, Ray-Ban

MP HC: Charge of Bank on Leasehold Plot Mortgaged as Security Towards Loan to Have Priority(05.11.2020)

Madhya Pradesh High Court has held that a charge of Bank on the leasehold plot mortgaged as security towards loan will have priority over other charge.....

Tags : Madhya Pradesh High Court, Charge of Bank on Leasehold Plot

RBI Imposes Rs 1.75-Crore Penalty on Indian Bank for Non-Compliance(21.11.2019)

Reserve Bank of India has imposed a monetary penalty of a total of Rs 1.75 crore on Indian Bank for non-compliance with its various directions. The no.....

Tags : RBI, Indian Bank

Reserve Bank of India Penalizes HDFC Bank Rs 1 Crore for Failing Know Your Customer Norms(30.01.2020)

Reserve Bank of India has imposed a penalty of Rs 1 Crore on Housing Development Finance Corporation (HDFC) Bank for failing to comply with the Centra.....

Tags : Reserve Bank of India, HDFC, KYC Norms

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

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

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

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

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

Odisha AAR: 18%GST Applicable on Construction of Faculty Quarters in IIT, Bhubaneshwar(29.12.2020)

Odisha Authority of Advance Ruling (AAR) has ruled that 18% Goods and Services Tax applicable on the construction of the Director’s Bungalow and the c.....

Tags : Odisha Authority of Advance Ruling, Construction of Faculty Quarters in IIT, Bhubaneshwar

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'

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

Calcutta High Court Rejects Anticipatory Bail Plea of Mamata Banerjee's Polling Agent Sheikh Sufiyan(30.11.2021)

Calcutta High Court has rejected the anticipatory bail plea moved by TMC leader Sheikh Sufiyan in the West Bengal post-poll violence case currently be.....

Tags : Calcutta High Court, Bail Plea of Mamata Banerjee's Polling Agent Sheikh Sufiyan

Punjab and Haryana HC Dismisses Plea By Hotel, Restaurant Owners on Renaming of State Highways(19.04.2017)

Punjab and Haryana High Court has dismissed a plea by seven hotel and restaurant owners challenging UT Administration’s decision to not rename Madhya .....

Tags : Punjab and Haryana High Court, State Highways, Liquor Ban

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

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

SC: SARFAESI Doesn’t Give Any License to Bank Officers to Act Against the Scheme of Law(22.09.2023)

Supreme Court while observing that SARFAESI Act was enacted for speedy recovery and for benefitting the public at large, has held that it does not giv.....

Tags : Supreme Court, SARFAESI Act, Bank Officers

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

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

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

Calcutta HC Imposes Blanket Ban on Fireworks to Curb Air Pollution Amid Covid Pandemic(06.11.2020)

Calcutta High Court has clamped a blanket ban on fireworks to curb pollution amid the Covid-19 pandemic in Bengal till the end of November, 2020 “for .....

Tags : Calcutta High Court, Ban on Fireworks

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

Centre Notifies Nationalised Banks (Management and Miscellaneous Provisions) Amendment Scheme, 2021(29.01.2021)

Central Government has notified the Nationalised Banks (Management and Miscellaneous Provisions) Amendment Scheme, 2021 which seeks to amend the Natio.....

Tags : Central Government, Nationalised Banks (Management and Miscellaneous Provisions) Amendment Scheme, 2021

NGT Directs Pollution Control Boards to Curb Pollution in Pali River(13.10.2016)

National Green Tribunal (NGT) has asked Central Pollution Control Board and Rajasthan State Pollution Control Board to take preventive and effective s.....

Tags : National Green Tribunal, NGT, Nehda Dam, Bandi River

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

NGT Directs Gurugram Municipal Corp to Clear Waste at Bandhwari Landfill(22.11.2019)

National Green Tribunal has directed the Gurugram Municipal Corporation to clear 25 lakh tonnes of legacy waste at Bandhwari landfill within six month.....

Tags : NGT, Bandhwari Landfill

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

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

Madras HC Orders Strict Enforcement of Tamil Nadu Urban Local Bodies Rules, 2011(01.12.2021)

Madras High Court has ordered the strict enforcement of the Tamil Nadu Urban Local Bodies (Permission for Erection of Digital Banners and Placards) Ru.....

Tags : Madras High Court, Enforcement of Tamil Nadu Urban Local Bodies Rules, 2011

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

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

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

ITAT: Father Can’t be Taxed for Cash Deposit in Bank Account Opened in The Name of Major Son(25.07.2022)

Income Tax Appellate Tribunal (ITAT), Pune Bench while deleting an addition for cash deposit, has held that the clubbing of income under the provision.....

Tags : ITAT, Minor Children, Income-Tax, Bank Account

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

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,

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

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

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

Telangana HC Directs State to Immediately Ban Sale/Use of Fireworks During Diwali(13.11.2020)

Telangana High Court has directed the State to immediately ban the sale and use of fireworks by the people and by organisations noting that uncontroll.....

Tags : Telangana High Court, Ban Sale/Use of Fireworks

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

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

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

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

Madras HC: If Removal of Husband Only Way to Ensure Domestic Peace, He Must be Asked to Leave House(16.08.2022)

Madras High Court has held that if removing the husband from the house alone ensures domestic peace, courts should pass such orders regardless of whet.....

Tags : Madras High Court, Domestic Peace, Husband

Bombay High Court Refuses to Lift Ban on DJs, Dolby Speakers in Festivals(17.09.2018)

Bombay High Court has refused to lift the blanket ban on use of DJ and high-volume sound systems during the Ganesh Chaturthi and Navaratri festivals.

Tags : Bombay High Court, Ban on DJ, Ganesh Chaturthi

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

Centre Appoints Delhi HC Judge Justice Dinesh Kumar Sharma as Presiding Officer of UAPA Tribunal(06.10.2022)

Central Government has appointed Delhi High Court judge Justice Dinesh Kumar Sharma as the Presiding Officer of the Unlawful Activities (Prevention) T.....

Tags : Central Government, UAPA, PFI Ban

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

Rajasthan High Court Refuses to Interfere with Firecracker Ban Order(17.11.2020)

Rajasthan High Court has refused to interfere with Rajasthan Government's Firecracker ban order, remarking that right to life embodies a constitutiona.....

Tags : Rajasthan High Court, Cracker Ban

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

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

RBI Strikes Down Registration Certificate of Seven NBFCs(18.08.2015)

Reserve Bank of India (RBI) has cancelled certificate of registration of seven Non-Banking Financial Companies (NBFCs) including that of Religare Fina.....

Tags : Reserve Bank of India,NBFCs

Delhi HC: Weight of Neutral Substance Not to be Ignored While Determining Quantity of Contraband(19.09.2022)

Delhi High Court has held that if contraband seized falls within provisions of Narcotic Drugs and Psychotropic Substances Act, 1985, the weight of neu.....

Tags : Delhi High Court, Contraband, Narcotics, Commercial Quantity

BANKING - Bombay HC Refuses Interim Relief to Kotak Mahindra Bank on Promoter Stake Issue(13.03.2019)

Bombay High Court has refused to grant any interim relief to Kotak Mahindra Bank on Reserve Bank of India’s direction to dilute promoter shareholding .....

Tags : Bombay High Court, Kotak Mahindra Bank, Reserve Bank of India

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

Kerala HC Allows Woman Separated from Husband to Terminate 21-Week Pregnancy(27.09.2022)

Kerala High Court while permitting a woman claiming to be separated from her allegedly abusive husband to terminate her 21-week-old pregnancy, has hel.....

Tags : Kerala High Court, Termination of Pregnancy, Husband’s Consent

NGT Bans Sale/ Use of Firecrackers in Delhi NCR And Places All Over India with Poor/ Worse AQI(09.11.2020)

National Green Tribunal has imposed a total ban on sale/ use of all kinds of firecrackers in Delhi NCR from the midnight of November 9-10, 2020 to the.....

Tags : National Green Tribunal, Ban on Sale/Use of Firecrackers in Delhi

Delhi High Court Upholds Ban on Ola Cab Service(12.08.2015)

Delhi High Court has upheld ban on Ola Cab Service. Futher making it clear that no diesel taxis are permitted to make point-to-point metered rides wi.....

Tags : Delhi High Court , Ban

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

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

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

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

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

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

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

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

Kerala High Court Refuses to Lift Festival Ban on Celebrity Elephant Who Killed 13 Amid Protests(10.05.2019)

Kerala High Court has refused to intervene in the matter related to allowing a partially blind celebrity elephant to take part in the State's largest .....

Tags : Kerala High Court, Elephant Ban

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

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

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

Insolvency and Bankruptcy Board of India Disqualifies Parties Barred from Liquidation Process(08.01.2020)

Insolvency and Bankruptcy Board of India has issued a notification whereby promoters or related parties disqualified from taking part in the insolvenc.....

Tags : Insolvency and Bankruptcy Board of India, Liquidation

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

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

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

Supreme Court Sets Aside Calcutta HC's Total Ban of Firecrackers in West Bengal(02.11.2021)

Supreme Court has set aside the order of the Calcutta High Court which imposed a complete ban of use of firecrackers in the State of West Bengal.

Tags : Supreme Court, Total Ban of Firecrackers in West Bengal

CIC to CPIO: Provide Generic Details of Gross Income of Husband for Claiming Maintenance(18.08.2022)

Central Information Commission (CIC) has directed the Centre Public Information Officers (CPIO) to provide the generic details of the net taxable inco.....

Tags : CIC, Gross Income, Husband, Maintenance

NCLT Directs Bandhan Bank to Seek Shareholders’ Nod(24.06.2019)

National Company Law Tribunal (NCLT) has directed Bandhan Bank to convene a meeting of its equity shareholders to approve the proposed merger with Gr.....

Tags : NCLT, Bandhan Bank

IBBI Amends Regulations Related to Corporate Insolvency Proceedings(19.11.2020)

Insolvency and Bankruptcy Board of India (IBBI) amended Regulations relating to corporate insolvency proceedings which came to be known as the Insolve.....

Tags : Insolvency and Bankruptcy Board of India, Regulations Related to Corporate Insolvency Proceedings

National Human Rights Commission Issues Notice to CBI Over Alleged Torture of Ex-Bureaucrat Bansal(30.09.2016)

National Human Rights Commission has issued notice to CBI over the alleged torture of suspended senior bureaucrat BK Bansal and his family that led to.....

Tags : National Human Rights Commission, CBI, Bansal

Del. HC: Wife Earning is Not an absolute Bar To Receiving Maintenance From Husband(05.12.2023)

Delhi High Court while observing that the obligation of the husband to provide maintenance is on a higher pedestal than the wife, has held that the me.....

Tags : Delhi High Court, Maintenance, Husband

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

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

Supreme Court Upholds Sections 3, 4 & 10 of IBC Amendment Act 2020(20.01.2021)

Supreme Court has upheld the constitutional validity of Sections 3, 4 and 10 of the Insolvency and Bankruptcy Code (Amendment) Act 2020.

Tags : Supreme Court, Insolvency and Bankruptcy Code (Amendment) Act 2020

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

Madras HC Tells TN Election Commission to Videograph Every Stage of Urban Local Body Polls(04.01.2022)

Madras High Court has asked the Tamil Nadu State Election Commission (TNSEC) to videograph the entire election process during the upcoming urban local.....

Tags : Madras High Court, Urban Local Body Polls

CESTAT, New Delhi: Banking Services are Related to Collection of Export Proceeds(05.03.2020)

Customs Excise and Service Tax Appellate Tribunal, New Delhi has held that banking services are related to the collection of export proceeds and has a.....

Tags : Customs Excise and Service Tax Appellate Tribunal, Banking Services

SC Issues Notice in Plea Against Alleged Use of Banned Chemicals by Firework Manufacturers(09.04.2021)

Supreme Court has issued notice to the manufacturers in application filed against alleged use of banned chemicals by firework manufacturers, mislabell.....

Tags : Supreme Court, Alleged Use of Banned Chemicals by Firework Manufacturers

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

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

Bombay HC Grants Bail to Men Charged under Maharashtra Government's Beef Ban Law(26.09.2016)

Bombay HC has granted bail to two brothers who were charged under Maharashtra Government's beef ban law for transporting a young bull and attempting t.....

Tags : Bombay HC, Beef Ban

Uttarakhand HC Issues Notice on Plea Seeking Ban on Private Shooters to Kill ‘Man-Eaters’(11.12.2020)

Uttarakhand High Court has issued notices to the State Government, Principal Chief Conservator of Forests (wildlife), chief wildlife warden and direct.....

Tags : Uttarakhand High Court, Ban on Private Shooters

CBDT: Rs 2 Lakh Cash Ban Shall Not Apply on One Installment for Loan for NBFCs(06.07.2017)

Central Board of Direct Taxes (CBDT) has clarified that prohibition on cash transactions upto Rupees 2 lakhs under section 269ST of Income Tax Act doe.....

Tags : Central Board of Direct Taxes, Cash Ban

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

SC Stays Patna High Court Order Quashing Liquor Ban in Bihar(07.10.2016)

Supreme Court has stayed Patna High Court order quashing the notification banning consumption and sale of liquor in the state.

Tags : Supreme Court, Patna High Court, liquor ban

Kerala High Court Quashes Ban on Compostable Plastic Carry Bags(18.02.2021)

Kerala High Court has quashed an order of the State Government, prohibiting the manufacture, stocking and sale of compostable plastic bags in the stat.....

Tags : Kerala High Court, Ban on Compostable Plastic Carry Bags

Bombay High Court Refuses to Stay RBI Scheme for Lakshmi Vilas Bank Merger with DBS Bank(27.11.2020)

Bombay High Court has rejected a prayer for ad-interim stay on Reserve Bank of India's amalgamation scheme for the merger of Lakshmi Vilas Bank with t.....

Tags : Bombay High Court, Lakshmi Vilas Bank Merger with DBS Bank

RBI Guidelines on Banking Regulation Act Stresses on Timeline for CAP in Joint Lenders Forum(10.05.2017)

RBI has issued directions u/s 35AB of Banking Regulation Act, 1949 stressing on timelines to be followed while finalizing a Corrective Action Plan (“C.....

Tags : RBI, Banking Regulation Act, 1949

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

ITAT Chennai: Urban Land Leased Out to Educational Trust Cannot be Treated as ‘Vacant Land’(04.03.2021)

Income Tax Appellate Tribunal (ITAT), Chennai has held that wealth tax is not applicable on lands held by a trust for charitable purposes.

Tags : ITAT Chennai, Urban Land

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

Calcutta HC asks Govt. to Ensure Normalcy during Bandh(28.09.2016)

Calcutta HC has directed State Government to ensure that normal life is not disrupted during the bandh.

Tags : Calcutta HC , Bandh

Guj. HC: Banners of Committees Become Immaterial, When Citizens are Permitted to Celebrate Festivals(10.10.2022)

Gujarat High Court has held that what is important is that the festivals are allowed to be celebrated, and it is immaterial under whose banner the sam.....

Tags : Gujarat High Court, Festivals, Banners

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

Delhi HC Directs SIT to Complete Investigation in Plea Seeking Inquiry into Banking Fraud(18.03.2020)

Delhi High Court has directed the Special Investigation Team to conclude investigation into banking frauds as expeditiously as possible and in all cir.....

Tags : Delhi High Court, Banking Fraud Cases

Supreme Court Asks Air Quality Commission to Decide on Lifting Construction Ban(10.12.2021)

Supreme Court has granted liberty to the Commission for Air Quality Management in National Capital Regions to take a decision on the lifting the ban o.....

Tags : Supreme Court, Lifting Construction Ban

Delhi High Court Slams Civic Bodies for Turning Delhi into 'Urban Slum'(05.06.2017)

Delhi High Court has issued show cause notices to Commissioners of all three wings of Municipal Corporation of Delhi (MCD), seeking their response on .....

Tags : Delhi High Court , Urban Slum

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

Delhi High Court Orders Stay on DRT Proceedings Against Yes Bank Over Dish TV shares(27.12.2021)

Delhi High Court has ordered a stay on proceedings against Yes Bank by the Debt Recovery Tribunal, Jaipur (DRT) in a petition filed by Essel Group aff.....

Tags : Delhi High Court, DRT Proceedings Against Yes Bank Over Dish TV shares

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

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

SC: Trail Under NDPS Act Stands Vitiated if Samples are Drawn Violating Section 52A(16.10.2023)

Supreme Court has held that once it is apparent that the seized contraband and the samples drawn therefrom were not as per the mandate of Section 52A .....

Tags : Supreme Court, NDPS, Contraband, Section 52A

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

Tamil Nadu Government Brings Ordinance Banning Online Games Involving Betting(23.11.2020)

Tamil Nadu Government has signed an ordinance to "ban online gaming" involving betting in the backdrop of rise in number of suicides by gamers, who al.....

Tags : Tamil Nadu Government, Ordinance Banning Online Games Involving Betting

Supreme Court Rejects Plea for Nationwide Liquor Ban(30.09.2016)

Supreme Court has dismissed Bharatiya Janata Party leader Ashwani Upadhaya’s plea, seeking a complete ban on liquor across the nation.

Tags : Supreme Court, Liquor Ban

Supreme Court Re-Imposes Construction Ban in Delhi-NCR(25.11.2021)

Supreme Court has re-imposed the ban on construction activities in Delhi-NCR until further orders, taking note of the air quality crisis in the nation.....

Tags : Supreme Court, Construction Ban in Delhi-NCR

RBI Hikes Repo Rate by 25 bps to 6.5%(01.08.2018)

Reserve Bank of India’s (RBI’s) monetary policy committee (MPC) has raised repo rate by 25 basis points (bps) to 6.5%.

Tags : Reserve Bank of India, Repo Rate

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

CONTEMPT OF COURT - Ericsson Case: SC Holds Anil Ambani Guilty of Contempt, Asks Him to Pay Rs. 453 cr or Face Jail(20.02.2019)

Supreme Court has held Reliance Group chairman and its two directors guilty of contempt for willfully not paying Rs. 550 crore to Ericsson and asked A.....

Tags : Supreme Court, Anil Ambani, Erricson Case

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

Delhi HC Dismisses Challenge Against Prohibition on Chhath Puja at Yamuna River Banks(11.11.2021)

Delhi High Court has dismissed a petition challenging the Delhi Government's decision that prohibited devotees to perform Chhath Puja on the banks of .....

Tags : Delhi High Court, Prohibition on Chhath Puja at Yamuna River Banks

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

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

Kar. HC: Banks Do Not Have the Power of Retaining Passport or OCI Card of Accused as Security(17.01.2024)

Karnataka High Court has held that banks do not have the authority to withhold the passport or OCI cards of an accused, even if, the accused has surre.....

Tags : Karnataka High Court, Passport, Banks

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

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

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

RBI Imposes Fine on SBI for Failure to Comply with Fraud Classification Rules(19.10.2021)

Reserve Bank of India has slapped a fine of Rs 1 crore on State Bank of India for failing to comply with fraud classification rules. The regulator sai.....

Tags : Reserve Bank of India, State Bank of India

CESTAT Bangalore: Restoration and Painting of Cylinders not subject to Tax as ‘Maintenance and Repair(10.09.2018)

Bangalore bench of CESTAT has held that activity of restoration and painting of cylinders is not subject to Service Tax under the head ‘Maintenance a.....

Tags : CESTAT Bangalore. Painting of Cylinders

#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

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

Calcutta HC Dismisses Challenge to ECI Decision to Prioritize Bye-Elections of Bhabanipur Assembly(28.09.2021)

Calcutta High Court has dismissed a challenge made to the decision of the Election Commission of India (ECI) to prioritize the bye-elections of Bhaban.....

Tags : Calcutta High Court , Bhabanipur Assembly Constituency

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

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

NGT Nods for Rafting on Ganga But Denies to Camping(11.12.2015)

National Green Tribunal (NGT) has upheld an order which it had passed in March, putting ban on beach camping near the Ganga from Kaudiyala to Rishikes.....

Tags : National Green Tribunal, ban on beach camping, Ganga, Rishikesh

Ker. HC: Can’t Invoke Writ Against Decisions of Lender/Banker Unless There is Compelling Reason(06.11.2023)

Kerala High Court has held that Court, in exercise of its jurisdiction under Article 226 cannot replace the wisdom of lender/banker in the process of .....

Tags : Kerala High Court, Lender/Banker, Writ Jurisdiction, Compelling Reason

SC: PF Can’t be Withheld by Bank Without Proving Actual Loss Caused by Employee(09.11.2023)

Supreme Court has held that as per Punjab National Bank (Officers’) Service Regulations, 1979 bank could withhold the Provident Fund (PF) amount only .....

Tags : Supreme Court, Provident Fund, Punjab National Bank

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

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

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

Delhi High Court Refuses To Issue Form ‘F’ To HDFC Bank Due To Default In Paying Central Sales Tax(17.11.2021)

In a major setback to the HDFC Bank, the Delhi High Court has refused to issue Form ‘F’ in respect of inter-state stock transfers due to default in pa.....

Tags : Delhi HC, HDFC Bank, Form F

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

Bom. HC: Public Sector Banks Not Empowered to Issue Look Out Circulars Against Loan Defaulters(27.04.2024)

Bombay High Court has observed that Public Sector Banks are not authorized to issue look out circulars against loan defaulters. The power exercised by.....

Tags : Bombay High Court, Public Sector Banks, Look Out Circulars, Article 14 of COI, Article 21 of COI

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

RBI Asks Banks to Extend loans to Women SHGs at 7 % Rate(22.01.2016)

Reserve Bank of India (RBI) has asked banks to provide loans up to Rs 3 lakh at 7 per cent interest rate to Women Self-Help Group (SHG) under the Nati.....

Tags : Reserve Bank of India, Women Self-Help Group

Madras High Court: Can’t Freeze Bank Account Under UAPA in Absence of Central Government’s Order(01.04.2024)

Madras High Court has held that authorities cannot freeze the bank account of Tamil Nadu Development Foundation Trust under the Unlawful Activities Pr.....

Tags : Madras High Court, Section 7(1) of UAPA, Bank Account

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

JKL HC: No Fresh Construction Activities in Sonamarg(30.03.2023)

Jammu and Kashmir and Ladakh High Court while noting that its earlier clarification order with respect to renovation and repairs was being misconstrue.....

Tags : Jammu and Kashmir and Ladakh High Court, Sonamarg, Blanket Ban, Construction

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

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

P&H HC Denies Quashing Chandigarh Administration's Order Putting Ban on Sale or Use of Crackers(17.11.2020)

Punjab & Haryana High Court on has denied granting any relief to Chandigarh Cracker Dealers Association, which had challenged the Union Territory, Cha.....

Tags : Punjab and Haryana High Court, Ban on Sale or Use of Crackers

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

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

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

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

Tel. HC Stay GO Which Regularized Notarized Documents of Non-Agricultural Urban Land Sales(26.09.2023)

Telangana High Court has stayed the Government Order (GO) in as much as it seeks to regularize the notarized documents in relation to non-agricultural.....

Tags : Telangana High Court, Notarized Documents, Non-Agricultural Urban Land

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

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

Bombay HC: No Need to ‘Recall’ Witnesses in Bilkis Bano Gang Rape Case(23.09.2016)

Bombay HC has rejected plea made by defence team to recall two witnesses, including a child witness, then merely 8 years old and a CBI Officer to test.....

Tags : Bombay HC , Bilkis Bano Gang Rape Case

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

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

RBI Hikes Key Rate By 0.50% To Pre-Pandemic Levels(05.08.2022)

Reserve Bank of India (RBI) has increased its key lending rates by 50 basis points to pre-pandemic levels of 5.40 per cent in an attempt to control th.....

Tags : Reserve Bank of India, Lending Rates, Inflation

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

Dog Meat Ban: Gauhati High Court Stays Government Ban on Sale of Dog Meat in Nagaland(30.11.2020)

Gauhati High Court has stayed the carpet ban on the sale of dog meat in Nagaland that was imposed on July 2. This would mean that the commercial impor.....

Tags : Gauhati High Court, Dog Meat Ban

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

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

Reserve Bank of India Extends Deadline to Opt for Oversight Cadre(03.02.2020)

Reserve Bank of India has extended the cut-off date for its officers to opt for the specialized supervisory and regulatory cadre till July 31.

Tags : Reserve Bank of India, Oversight Cadre

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

Calcutta High Court Directs Administration to Issue Protective Orders Retraining All Illegal Activiti(08.03.2021)

Calcutta High Court has directed the local administration to issue protective orders retraining all illegal activities in Sundarbans, observing that t.....

Tags : Calcutta High Court, Illegal Activities in the Sunderbans

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

SC: Quantity of Neutral Substance Can’t be Ignored While Labelling Recovered Contraband(21.11.2022)

Supreme Court has held that quantity of neutral substances cannot be ignored while labelling the quantity of contraband recovered as 'small quantity' .....

Tags : Supreme Court, Neutral Substance, Contraband

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

Manager of Nationalized Bank Though a Public Servant Can't Claim Protection U/S 197 CrPC: SC(01.05.2019)

Supreme Court has observed that a public servant working in a nationalized bank cannot claim benefit of Sanction under Section 197 of the Criminal Pro.....

Tags : Supreme Court, Nationalized Bank, Section197 CrPC

Supreme Court Upholds RBI Regulations for Export Ban on PPE Kits(07.12.2021)

Supreme Court has upheld the measures adopted by the Reserve Bank of India to implement the ban imposed by the Union Government on the export of Perso.....

Tags : Supreme Court, RBI Regulations for Export Ban on PPE Kits

RBI Permits 100% FDI in Regulated Financial Services(21.10.2016)

Reserve Bank of India (RBI) has permitted 100 % foreign direct investment in 'Other Financial Services' carried out by NBFCs, a move which will help a.....

Tags : Reserve Bank of India, 100% FDI , Regulated Financial Services

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

Bombay High Court Criticises BJP City Chief Over Banner Appeals in Newspapers(14.08.2015)

Bombay High Court has criticised public appeal published by BJP City Chief Ashish Shelar to party workers not to put up illegal banners and hoardings .....

Tags : Bombay High Court,BJP City Chief Ashish Shelar,Banner Appeals in Newspapers

Delhi Court Denies Bail to Avantha Group Promoter Gautam Thapar in Yes Bank Loan Fraud Case(01.11.2021)

Delhi Court has rejected the bail application filed by Avantha Group Promoter Gautam Thapar in connection with the Yes Bank loan fraud case.

Tags : Delhi Court, Yes Bank Loan Fraud Case

CIVIL - Crackers Should be Regulated, Not Banned: SC(13.03.2019)

Supreme Court has expressed concerns over rising unemployment in country and said that it is not in favour of a complete ban on crackers and instead s.....

Tags : Supreme Court, Cracker ban, Unemployment

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

UK Court: Anil Ambani to Pay USD 100 Million in Conditional Order for Chinese Banks(10.02.2020)

UK Court has directed Reliance Group chairman Anil Ambani to pay USD 100 million within six weeks towards a conditional order granted to three Chinese.....

Tags : UK Court, Anil Ambani

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

Calcutta High Court: Reserve Bank of India is 'State' Under Article 12(11.03.2021)

Calcutta High Court has held that the Reserve Bank of India (RBI) is "State" under Article 12 of the Constitution of India, 1949. The Court has furthe.....

Tags : Calcutta High Court, Reserve Bank of India

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

Supreme Court Revokes Suspension Orders Against 8 BHU Students, Orders Special Exam for Semester(05.05.2017)

Supreme Court has revoked suspension orders against eight students by Banaras Hindu University (BHU), who sat for a dharna in University campus demand.....

Tags : Supreme Court, Banaras Hindu University

Guj HC: ‘Rape’ Even if Committed by Husband Against Wife is ‘Rape’(18.12.2023)

Gujarat High Court while observing that general economic dependence on family and fear of social ostracization act as significant disincentives for wo.....

Tags : Gujarat High Court, Rape, Husband, Wife

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

Delhi HC Seeks Response of Centre, DGCA on Ban on Passenger Travel from EU, UK(23.03.2020)

Delhi High Court has sought response of the Centre and Directorate General of Civil Aviation on a plea challenging the Centre's circular prohibiting t.....

Tags : Delhi High Court, Passenger Travel Ban

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

Paytm Payments Bank Receives Final Approval From RBI(04.01.2017)

Reserve Bank of India (RBI) has given final approval to formally launch Paytm Payments Bank.

Tags : RBI, Paytm Payments Bank

SC: NBFC & Leasing Co. Not Liable to Pay Interest Tax on Installments Under Hire Purchase Agreement(05.01.2023)

Supreme Court has held that non-banking finance (NBFC) and leasing companies are not liable to pay tax on the interest component included in the hire-.....

Tags : Supreme Court, Non-Banking Finance, Hire Purchase Agreement

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

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

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

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

Chhattisgarh HC: Bank Can be Restrained from Enforcement of Unconditional Bank Guarantee(25.01.2022)

Chhattisgarh High Court has held that the bank can be restrained from enforcement of unconditional and absolute performance bank guarantee by interim .....

Tags : Chhattisgarh High Court, Unconditional Bank Guarantee

Allahabad HC Asks UP Govt to Reconsider Ban Imposed by Fee Hike in Private Schools(17.03.2022)

Allahabad High Court has asked the Uttar Pradesh Government to reconsider the ban imposed by it on fee hike in private schools. The Court has ordered .....

Tags : Allahabad High Court, Ban Imposed by Fee Hike in Private Schools

Madras HC Disposes of Plea Filed by Plea Challenging Election Notice by REPCO Bank(04.02.2022)

Madras High Court has disposed of a batch of writ petitions filed by candidates challenging the election notice issued by the returning officer of Rep.....

Tags : Madras High Court, Election Notice by REPCO Bank

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

Karnataka High Court Uploads Interim Order Banning Religious Dress in Colleges(11.02.2022)

Karnataka High Court has uploaded the interim order passed in the petitions challenging Hijab ban in colleges in the state. The Court has requested th.....

Tags : Karnataka High Court, Banning Religious Dress in Colleges

CIVIL - Bombay HC Raps Anil Ambani Firms for 'Attempt to Mislead'(22.02.2019)

Bombay High Court has described arguments of Reliance group companies regarding alleging misconduct on part of Edelweiss group companies in sale of pl.....

Tags : Bombay High Court, Anil Ambani Firm, Reliance Group Companies, Edelweiss group

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

Delhi HC: Wife Making Serious Allegations of Criminal Conduct, Unable to Prove, Amounts to Cruelty(12.11.2021)

Delhi High Court has observed that a wife making serious allegations of criminal conduct against her husband and his parents, which she was unable to .....

Tags : Delhi High Court, Cruelty Against Husband

RBI Rejects Demand of Online Merchants to Store Customers’ Credit Card Data(26.02.2021)

Reserve Bank of India has rejected the demand of top online merchants like Amazon, Microsoft, Netflix, Flipkart and Zomato to store customers’ credit .....

Tags : Reserve Bank of India, Customers’ Credit Card Data

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

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

Supreme Court Seeks Centre and State Government’s Reply on Plea to Regulate Blood Banks(04.02.2020)

Supreme Court has sought response from Centre and all the State Governments on a plea seeking direction to strengthen and regulate blood banks and blo.....

Tags : Supreme Court, Blood Banks

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

SC Rejects Woman’s Plea to Live with Husband 14 Years After Deserting Him(09.03.2021)

Supreme Court has rejected a woman’s plea to live with her husband 14 years after she deserted him and scotched reconciliation efforts by slapping fal.....

Tags : Supreme Court, Woman’s Plea to Live with Husband

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

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

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

SC: Able-Bodied Husband Should Earn by Legitimate Means And Maintain His Wife And Minor Child(29.09.2022)

Supreme Court has held that husband is required to earn money even by physical labour, if he is an able-bodied, and must maintain his wife and minor c.....

Tags : Supreme Court, Husband, Maintain

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

SC Affirms Calcutta High Court's Ban on Sale & Bursting of Firecrackers in West Bengal(11.11.2020)

Supreme Court has affirmed the Calcutta High Court order banning the sale and bursting of firecrackers during Diwali, Chatt Puja, Kali Puja, etc. in t.....

Tags : Supreme Court, Ban on Firecrackers

NGT Denies to Modify its Order on Ban on 10 Year Old Vehicles(13.08.2015)

National Green Tribunal has refused to modify its order which has banned running of diesel vehicles which are over 10 years old in Delhi-NCR.

Tags : National Green Tribunal,Ban on 10 Year Old Vehicles

MP HC Denies Anticipatory Bail to Man Who Allegedly Called RSS As Taliban Terrorist Organization(27.10.2021)

Madhya Pradesh High Court has denied anticipatory bail to one Atul Pastor who has been accused of making certain comments alleging Rashtriya Swayam Se.....

Tags : Madhya Pradesh High Court, Taliban Terrorist Organization

Delhi High Court: World Bank Not A Govt Agency Within Article 12 Of Constitution(25.10.2021)

Delhi High Court has held that the World Bank is not a Government agency for the purposes of Article 12 of the Constitution of India, 1949 which defin.....

Tags : Delhi High Court, World Bank

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

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

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

Karnataka HC Asks State to Strictly Implement SOP Banning Rallies, Dharnas Amid Covid Surge(14.01.2022)

Karnataka High Court has directed the state government to strictly execute the standard operating procedure (SOP) issued on January 4 in all districts.....

Tags : Karnataka High Court, SOP Banning Rallies, Dharnas Amid Covid Surge

Delhi HC Directs Accused to Do Community Service at Gurudwara Bangala Sahib(15.03.2021)

Delhi High Court has directed a young accused of 21 years to do one month community service at Gurudwara Bangala Sahib while quashing the First Inform.....

Tags : Delhi High Court, Community Service at Gurudwara Bangala Sahib

Madras HC: Total Ban on Conduct of Religious Meetings Not Possible(30.01.2023)

Madras High Court while allowing Indu Makkal Katchi-Tamizhagam to conduct their State conference on 29th January 2023, has held that there could not b.....

Tags : Madras High Court, Ban, Religious Meeting

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

Delhi HC Allows RBI to Intervene in Tata-NTT Docomo Case(06.10.2016)

Delhi HC has allowed the Reserve Bank of India (RBI) to file an intervention application in the enforcement proceedings initiated by NTT Docomo to rea.....

Tags : Delhi HC, Reserve Bank of India, Tata-NTT Docomo

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

Banking Regulation Ordinance, 2017: RBI Gets Power to Initiate Insolvency Process Against Defaulters(05.05.2017)

President Pranab Mukherjee has approved Banking Regulation (Amendment) Ordinance, 2017 which gives power to Reserve Bank of India to initiate insolven.....

Tags : President Pranab Mukherjee, Banking Regulation (Amendment) Ordinance, 2017

SC: Judgment in Pankaj Bansal v. Union of India Does Not Apply Retrospectively(18.12.2023)

Supreme Court has held that its judgment in the case Pankaj Bansal v. Union of India (MANU/SC/1076/2023; 2023/INSC/866) wherein it was held that ED mu.....

Tags : Supreme Court, Pankaj Bansal, Retrospective

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

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

SC Stays Tripura HC Order Calling for MHA Files on Security Cover to Ambani Family(29.06.2022)

Supreme Court has stayed the orders passed by the Tripura High Court seeking the production of files of the Ministry of Home Affairs relating to the s.....

Tags : Supreme Court, MHA Files, Security, Mukesh Ambani

IBBI Exempts Lockdown Period from Time Line of Activity in Relation to Liquidation Process(20.04.2020)

Insolvency and Bankruptcy Board of India has stated that the period of lockdown imposed by the Central Government shall not be counted for the purpose.....

Tags : Insolvency and Bankruptcy Board of India, Time Line of Liquidation Process

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

Delhi HC Orders Removal of Construction Around 300 Year Old Banyan Tree(10.08.2020)

Delhi High Court has ordered removal of construction and concrete around a 300 year old tree in Chandni Chowk, as a step to protect the Banyan Tree.

Tags : Delhi High Court, Banyan Tree

RBI Permits Start-Ups to Open Currency Account Abroad(24.06.2016)

Reserve Bank of India (RBI) has allowed startups with an overseas subsidiary to open foreign currency accounts abroad to credit foreign exchange earni.....

Tags : Reserve Bank of India, startups

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

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

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

Bombay High Court Acquits Husband and Inlaws of Deceased Wife(15.04.2021)

Bombay High Court has acquitted husband and in laws of a deceased wife who committed suicide within two months of marriage after observing that just b.....

Tags : Bombay High Court, Husband and Inlaws of Deceased Wife

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

DCDRC to Municipal Corp.: Allow Maximum One Pet Dog for One Family(17.11.2022)

District Consumer Disputes Redressal Commission (DCDRC), Gurugram while directing Municipal Corporation to require that one family will keep only one .....

Tags : DCDRC, Dog, Ban

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

Manager of Nationalized Bank Though a Public Servant Can't Claim Protection U/S 197 CrPC: SC(01.05.2019)

Supreme Court has observed that a public servant working in a nationalized bank cannot claim benefit of Sanction under Section 197 of the Criminal Pro.....

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Supreme Court Refuses Urgent Listing for Builders' Plea to Lift Construction Ban in Delhi(06.12.2021)

Supreme Court has turned down a plea made on behalf of a builders group for urgent listing of its plea to lift the blanket ban imposed on construction.....

Tags : Supreme Court, Builders' Plea to Lift Construction Ban in Delhi

Reserve Bank Asks to Replace 17.5 Lakh Debit Cards(20.10.2016)

Reserve Bank of India (RBI) has asked banks to replace debit cards whose security is suspected to have been compromised after being used in some Autom.....

Tags : Reserve Bank of India, Automated Teller Machines

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

Delhi HC Seeks Response on Steps Taken to Ensure NGT Orders Banning Sale of Chinese Manjha(23.12.2021)

Delhi High Court has sought response of the Centre as well as the Delhi Government over the steps taken by them to ensure that the orders of National .....

Tags : Delhi High Court, NGT Orders Banning Sale of Chinese Manjha

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

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

SC Issues Notice on Swamy's Plea for Probing RBI Official in Bank Scams(18.10.2022)

Supreme Court has agreed to examine BJP leader Dr Subramanian Swamy's plea seeking a probe into the alleged role of Reserve Bank of India (RBI) offici.....

Tags : Supreme Court, probe, Reserve Bank of India, banking scams

Supreme Court: Is Size of Turban Part of Sikh Religion?(06.08.2018)

Supreme Court has sought to know if the topknot/ half or bun turban (patka) can be worn by Sikh athletes with helmets during participation in sporting.....

Tags : Supreme Court, Turban, Sikh

RBI Implements ‘Positive Pay’ System for Cheque Transactions(31.12.2020)

Reserve Bank of India (RBI) has implemented ‘Positive Pay’ system for cheque transactions above Rs 50,000, to enhance security and reduce instances of.....

Tags : Reserve Bank of India, Positive Pay System

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

National Green Tribunal Lifts Ban on Construction, Entry of Trucks in Delhi-NCR(20.11.2017)

National Green Tribunal has lifted the ban on construction activities in Delhi-NCR after the Central Pollution Control Board and the Delhi Pollution C.....

Tags : National Green Tribunal, Construction, Ban

SC: Can’t Draw Adverse Inference Against Plaintiff for Merely Not Producing Bank Passbook(10.01.2023)

Supreme Court has held that adverse inference cannot be drawn against a plaintiff in a suit for specific performance for not producing his passbook un.....

Tags : Supreme Court, Inference, Bank Passbook, Specific Performance

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

IBC Will Override Provisions of Other Enactments Inconsistent With It : Supreme Court(16.08.2018)

Supreme Court has observed that Insolvency and Bankruptcy Code (IBC) will override anything inconsistent contained in any other enactment, including t.....

Tags : Supreme Court, Insolvency, Bankruptcy

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,

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

CIVIL - Bangalore Court Vacates Order Restraining 'The Wire' from Publishing Article Against BJP MP(15.03.2019)

A Bangalore City Civil Court has vacated the ex-parte order of interim injunction passed against online news portal "The Wire" restraining it from pub.....

Tags : Bangalore Court, The Wire, BJP MP Rajveev Chandrasekhar

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

Karnataka HC Directs State to Decide on Complete Ban on Use of Firecrackers(25.01.2021)

Karnataka High Court has directed the State Government to within 3 months decide on the prayers made in two petitions, seeking a complete ban on use o.....

Tags : Karnataka High Court, Ban on Use of Firecrackers

Delhi HC Dissolves Marriage on Husband Treating Wife as Overseas Wife for Temporary Companionship(05.01.2022)

Delhi High Court has dissolved marriage between a couple on the ground of cruelty, observing that the husband treated the wife as his overseas wife, o.....

Tags : Delhi High Court, Husband Treating Wife as Overseas Wife

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

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

Patna High Court to State Government: Courts Clogged with 2 Lakh Booze Ban Cases(22.11.2019)

Patna High Court has pulled up the State Government for leaving an already burdened judiciary saddled with more than 2 lakh booze prohibition related .....

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Delhi HC Disposes Plea Challenging Ban on Religious Gatherings on Christmas, New Year(27.12.2021)

Delhi High Court has disposed of the plea challenging the orders of Delhi Government imposing a complete ban on religious gatherings during Christmas .....

Tags : Delhi High Court, Ban on Religious Gatherings on Christmas, New Year

Del. HC: Property Given by Deceased Husband Can Only be Enjoyed by Hindu Woman Without Income(25.04.2024)

Delhi High Court has observed that a Hindu woman without income only has complete rights to enjoy the property received by her deceased husband. She c.....

Tags : Delhi High Court, Hindu Woman, Deceased Husband, Absolute Right

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

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

Madras High Court: Party Wanting to Abandon Claim Cannot be Compelled to Continue Case(01.04.2024)

Madras High Court while allowing the State of Tamil Nadu to withdraw cases, has observed that when a party wasn’t to abandon a case without reserving .....

Tags : Madras High Court, State of Tamil Nadu, Abandon

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

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

Delhi HC Directs RBI, SBI to Maintain Status Quo on Reliance Accounts(07.01.2021)

Delhi High Court has directed Reserve Bank of India and State Bank of India to maintain status quo on the classification of Anil Ambani's Reliance Com.....

Tags : Delhi High Court, Reliance Bank Accounts

Kerala High Court Calls for Ban on Nokkukooli, Calls It Illegal & Unconstitutional(21.12.2021)

Kerala High Court has pronounced an elaborate judgment observing that the practice of demanding gawking charges, often referred to as nokkukooli in Ma.....

Tags : Kerala High Court, Ban on Nokkukooli

Ker HC: Unilateral Action of Bank of Withholding Title Document After Loan is Repaid is Illegal(20.03.2023)

Kerala High Court has held that merely because the property was transferred by the petitioner during the subsistence of the mortgage, Bank is not enti.....

Tags : Kerala High Court, Bank, Loan, Security Documents

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

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

NCDRC: Bank Liable for Fraudulent Online Transaction if Account Holder's Fault Not Proved(11.01.2021)

National Consumer Disputes Redressal Commission (NCDRC) has held that in case of fraudulent transactions leading to withdraw of money from a person's .....

Tags : National Consumer Disputes Redressal Commission, Fraudulent Online Banking Transaction

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

SC: Adj. Authority Has Power to Recall Order Approving RP Which Isn’t Submitted As Per IBC(14.02.2024)

Supreme Court has held that National Company Law Tribunal has the power under Insolvency and Bankruptcy Code, 2016 (IBC) to recall its order approving.....

Tags : Supreme Court, NCLT, Resolution Plan, Insolvency and Bankruptcy Code

Delhi HC: Employees and Officials Working in Banks Have Larger Responsibility of Ensuring Integrity(20.12.2021)

Delhi High Court has observed that the employees and officials working in banks have a larger responsibility of ensuring the integrity of the banking .....

Tags : Delhi High Court, Employees and Officials Working in Banks

UAPA Tribunal Upholds Ban PFI And its Affiliates(22.03.2023)

UAPA Tribunal has upheld the ban imposed by the Central Government on the Popular Front of India (PFI) and its affiliated organisations.

Tags : UAPA Tribunal, Ban, PFI

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

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

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

Bombay HC: Administrator Could Not Have Taken Policy Decision After Reconstruction of Yes Bank(23.01.2023)

Bombay High Court has set aside Yes Bank’s decision to write of Additional Tier 1 bonds Rs. 8415 Crore value observing that the Reserve Bank of India .....

Tags : Bombay High Court, Yes Bank, Reserve Bank of India

RBI Increases Short-Term Borrowing Capacity of Central Government(21.04.2020)

Reserve Bank of India has increased the short-term borrowing capacity of the Central Government by over 65% to temper market fears that excessive borr.....

Tags : Reserve Bank of India, Short-Term Borrowings of Government

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

#RBI Monetary Policy: Repo Rate, Reverse Repo Cut by 25 bps(02.08.2017)

Reserve Bank of India (RBI) has reduced its repo rate by 25 bps to 6% and the reverse repo rate by 25 bps to 5.75%.

Tags : Reserve Bank of India, Monetary Policy

Delhi High Court Issues Notice in Plea Challenging IBC Ordinance(30.07.2020)

Delhi High Court has issued notice to the Ministry of Law and Justice and Insolvency and Bankruptcy Board of India in a plea challenging the validity .....

Tags : Delhi High Court, Insolvency and Bankruptcy Code Ordinance, 2020

CIVIL - Bombay HC Gives Nod to Cut 14 Mangrove Trees for Building New Flyovers in Bandra(13.03.2019)

Bombay High Court has allowed Mumbai Metropolitan Region Development Authority (MMRDA) to remove 14 mangrove trees, paving the way for the constructio.....

Tags : Bombay High Court, Mangrove Trees, Flyovers, Bandra

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,

Karnataka HC: Bangalore Turf Club, Mysore Race Club are Public Authorities Under RTI Act(18.01.2021)

Karnataka High Court has held that Bangalore Turf Club Limited, Mysore Race Club Limited, The Institution Of Engineer (India) Karnataka State and Ladi.....

Tags : Karnataka High Court, Bangalore Turf Club, Mysore Race Club

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

ITAT, Mumbai Denies Refund of Foreign Taxes Paid by Bank of India(12.03.2021)

Income Tax Appellate Tribunal (ITAT), Mumbai has denied in a recent order a refund in respect of foreign taxes aggregating to Rs 182.6 crore paid by B.....

Tags : Income Tax Appellate Tribunal, Bank of India

Kar. HC: Sufficient Bank Bal. Not Absolute Pre-requisite to Establish Readiness to Execute Agreement(24.01.2024)

Karnataka High Court has held that although it is relevant to consider the bank balance of a party while considering the matters of readiness and will.....

Tags : Karnataka High Court, Sale Agreement, Bank Balance

Supreme Court Annuls Allahabad HC Verdict Quashing Institutional Preference in AMU, BHU(08.06.2017)

Supreme Court has quashed Allahabad High Court’s judgment that quashed institutional preference in Aligarh Muslim University and Banaras Hindu Univers.....

Tags : Supreme Court, Allahabad High Court, Aligarh Muslim University, Banaras Hindu University

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

Madras HC Imposes Temporary Ban on Liquor Sale in Puducherry(30.12.2021)

Madras High Court has asked the Union Territory of Puducherry to temporarily ban the supply of alcohol from 10 PM on New Year's Eve till 1 AM on 1st J.....

Tags : Madras High Court, Temporary Ban on Liquor Sale

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

NGT Puts Ban on Plastic from Gomukh to Haridwar(11.12.2015)

National Green Tribunal (NGT) while imposing a penalty of Rs. 5,000 per day on erring hotels, dharamshalas and ashrams spewing waste into Ganga, has d.....

Tags : National Green Tribunal, ban on use of plastic , Ganga

SC: PF Can’t be Withheld Without Proving Actual Loss Caused by Employee(09.11.2023)

Supreme Court has held that as per Punjab National Bank (Officers’) Service Regulations, 1979 bank could withhold the Provident Fund (PF) amount only .....

Tags : Supreme Court, Provident Fund, Punjab National Bank

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

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

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

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

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

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

SC Strikes Down RBI Circular on Defaulting Firms, Calls it Unconstitutional(02.04.2019)

Supreme Court has quashed a Reserve Bank of India circular of February 12, 2018, asking banks to classify a loan account as stressed if there was even.....

Tags : Supreme Court, Reserve Bank of India

Rajya Sabha Passes Insolvency and Bankruptcy Code (Amendment) Bill, 2019(30.07.2019)

Rajya Sabha has passed the Insolvency and Bankruptcy Code (Amendment) Bill, 2019. This Bill if passed will , ease the process of corporate restructuri.....

Tags : Rajya Sabha, Insolvency and Bankruptcy Code (Amendment) Bill, 2019

Karnataka High Court: Stay on Circular Banning Rearing of Certain Breeds of Dogs(20.03.2024)

Karnataka High Court has stayed a circular passed by the Union Ministry of Fisheries, Animal Husbandry, and Dairying department that banned rearing of.....

Tags : Karnataka High Court, Banning, Breeds of Dogs

RBI Notifies P2P Lending Platforms as NBFCs(21.09.2017)

Reserve Bank of India has notified that Peer-to-Peer (P2P) lending platforms will fall under the ambit of a Non-Banking Financial Company (NBFC).

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

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

Lok Sabha Passes Banning of Unregulated Deposit Schemes Bill, 2019(25.07.2019)

Lok Sabha has passed the Banning of Unregulated Deposit Schemes Bill, 2019 in a bid to save gullible investors from ponzi schemes. The Bill seeks to p.....

Tags : Lok Sabha, Banning of Unregulated Deposit Schemes Bill, 2019

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

Gujarat HC: Yes Bank is a Private Entity And Not Amenable to Writ Jurisdiction(28.07.2022)

Gujarat High Court has held that 30% shareholding of State Bank of India (SBI) cannot make Yes Bank a State under Article 12 of Constitution, and ther.....

Tags : Gujarat High Court, Yes Bank, Writ Jurisdiction, State

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

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,

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

SC: SARFAESI Act Applicable to Cooperative Banks(06.05.2020)

Supreme Court has held that the co-operative banks under the State legislation and multi-State co-operative banks are 'banks' under Section 2(1)(c) of.....

Tags : Supreme Court, Cooperative Banks

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

TRAI releases revised Standards of Quality of Service for Access and Broadband Services(02.08.2024)

Telecom Regulatory Authority of India (TRAI) releases revised Regulations namely 'The Standards of Quality of Service of Access (Wirelines and Wireles.....

Tags : Revised Standards, Quality, Broadband Services

NCLT, Kolkata: IRP Against Legal Heirs of Personal Guarantor by Financial Creditor Not Permissible(11.04.2022)

National Company Law Tribunal, Kolkata has held that the application is not maintainable against legal heirs of the Personal Guarantor under the Insol.....

Tags : National Company Law Tribunal, Financial Creditor, Personal Guarantor, Bank of Baroda

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

NCLT, Chennai: No Conflict Among Prohibition of Benami Property Transaction Act and IBC, 2016(06.05.2022)

National Company Law Tribunal, Chennai has ruled that there is no conflict between the Prohibition of Benami Property Transaction Act, 1988 and the In.....

Tags : National Company Law Tribunal, Prohibition of Benami Property Transaction Act, 1988, Insolvency and Bankruptcy Code, 2016, attachment of property

Supreme Court Hints at Directing CBI Probe into Builder-Banks Nexus(06.03.2025)

Supreme Court has hinted at directing a CBI probe into a builder-banks nexus and expressed that some real estate companies and banks which sanction lo.....

Tags : Supreme Court, CBI Probe, Builder-Banks Nexus

SC Bans Felling of Mature Trees for Development Work(19.02.2021)

Supreme Court has said it would ban felling of mature, beneficial trees for development work, including laying roads and setting up industries, and or.....

Tags : Supreme Court, Ban on Felling of Mature Trees

Kerala High Court Stays Plastic Ban in Sabarimala(30.11.2020)

Kerala High Court while rejecting the plea of the Special Commissioner seeking to lift the ban observed that in fighting the pandemic, while permittin.....

Tags : Kerala High Court, Plastic Ban

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

Allahabad High Court Refuses to Give Custody of Minor Husband to Wife(17.06.2021)

Allahabad High Court has refused to give custody of a minor 'husband' to his 'wife', noting that if a minor boy would be placed under the custody of h.....

Tags : Allahabad High Court, Custody of Minor Husband

Centre Totally Bans Non-Medical Use of Liquid Oxygen(26.04.2021)

Union Ministry of Home Affairs has imposed a total ban on the use of liquid oxygen for non-medical purposes in view of the acute shortage of medical o.....

Tags : Union Ministry of Home Affairs, Ban on Non-Medical Use of Liquid Oxygen

Delhi HC Restores 'Status Quo Ante' for Loan Classified as NPA by Yes Bank(08.04.2020)

Delhi High Court has held that YES Bank should not have classified a loan account as Non-Performing Asset (NPA) when a delay in payment of installment.....

Tags : Delhi High Court, Loan Classified as NPA by Yes Bank

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

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

MP HC: Police Officers Have to Follow Direction of Joining Music Band Practice(02.08.2024)

Madhya Pradesh High Court while hearing a matter where police constables were suspended for refusing to join Police Department's music band, has asked.....

Tags : MP High Court, Music Band Practice, Police Officers

NCLT, Bengaluru Dismisses Insolvency Petition Against Café Coffee Day(07.04.2022)

National Company Law Tribunal, Bengaluru has dismissed the insolvency petition filed against the parent company of Cafe Coffee Day namely Coffee Day G.....

Tags : National Company Law Tribunal, parent company, Cafe Coffee Day, Coffee Day Global Limited, Cooperative Rabobank U.A

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

Allahabad HC Directs on Woman’s Representation on Husband’s Blindness Due to Vaccine(30.06.2021)

Allahabad High Court has directed District Magistrate, Budaun to decide on a woman's representation in writ petition seeking direction to respondents .....

Tags : Allahabad High Court, Woman’s Representation on Husband’s Blindness Due to Vaccine

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

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

Madras HC Dismisses PIL Seeking Exemption to Fishermen from Using Banned Purse Seine Nets(22.04.2021)

Madras High Court has dismissed a public interest litigation petition, which sought to exempt a section of fishermen from using the banned purse seine.....

Tags : Madras High Court, Use of Banned Purse Seine Nets

#Major Changes Implementing From Today: RBI’s New Credit and Debit Card Rules(01.10.2020)

Reserve Bank of India (RBI) has issued new guidelines which will become effective from 1st October, 2020 to secure debit and credit cards, whereby car.....

Tags : Reserve Bank of India, Credit and Debit Card Rules

Delhi High Court Stays Lower Court Proceedings Against Bank Executives(27.05.2019)

Delhi High Court has stayed the lower court proceedings against Punjab National Bank its former Managing Director & CEO Usha Ananthasubramanian and 11.....

Tags : Delhi High Court, Bank

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

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

NGT Stays Steel Flyover Project in Bengaluru(02.11.2016)

National Green Tribunal (NGT) has issued an interim injunction against proposed steel flyover planned by Bangalore Development Authority (BDA).

Tags : NGT, Bangalore Development Authority, steel flyover

SC: Once Area Urbanized Under Del. Municipal Corporation Act, Del. Land Reforms Act Not Applicable(16.03.2023)

Supreme Court has held that once rural area is urbanized by issuance of notification under Section 507(a) of Delhi Municipal Corporation Act, 1957, th.....

Tags : Supreme Court, Rural Area, Urbanized

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

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

RBI Issues Review of Instructions on Interest on Overdue Domestic Deposits(06.07.2021)

Reserve Bank of India (RBI) has issued the review of instructions on Interest on overdue domestic deposits. The RBI has directed Banks to refer to dir.....

Tags : Reserve Bank of India, Interest on Overdue Domestic Deposits

Delhi HC Directs to Depute Lady Constable to Escort Wife Detained by Parents to Husband(03.08.2021)

Delhi High Court has directed the Uttar Pradesh Police to depute a lady constable, in a habeas corpus petition filed on behalf of a husband alleging t.....

Tags : Delhi High Court, Escort Wife to Husband

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

Bandra Court Orders FIR Against Kangana Ranaut for Allegedly Promoting Communal Disharmony(19.10.2020)

Bandra Court has ordered a First Information Report to be registered against actor Kangana Ranaut and her sister Rangoli Chandel for allegedly trying .....

Tags : Bandra Court, Kangana Ranaut, Rangoli Chandel

RBI Releases First Bi-Monthly Monetary Policy Statement, 2019-20(04.04.2019)

Monetary Policy Committee (MPC) of Reserve Bank of India (RBI) has announced its resolution under first bi-monthly monetary policy statement for 2019-.....

Tags : Reserve Bank of India, RBI, First Bi-monthly Monetary Policy Statement, 2019-20

Kerala HC Refuses Stay on Kerala Government Notification Banning Online Rummy for Stakes(09.04.2021)

Kerala High Court has refused to interfere with a Kerala Government Notification 'banning online playing of rummy when played for stakes' in plea by t.....

Tags : Kerala High Court, Notification Banning Online Rummy for Stakes

RBI Amends Investment, Trading Rules for Banks(26.09.2017)

Reserve Bank of India (RBI) has barred banks from investing in category III Alternative Investment Funds, specified norms for their participation in c.....

Tags : Reserve Bank of India, Alternative Investment Funds

Others

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

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

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

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

Karnataka High Court Issues Notice on Plea Seeking Ban on Traffic Movement Within Cubbon Park(23.12.2020)

Karnataka High Court has issued notice to the State government and other respondents on a public interest litigation filed by a five-month-old infant,.....

Tags : Karnataka High Court, Ban on Traffic Movement Within Cubbon Park

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

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

Allahabad HC Directs UP Government to Remove Banners of Riot-Accused(11.03.2020)

Allahabad High Court has directed the Lucknow administration to remove banners containing pictures and details of the riot accused, stating that the m.....

Tags : Allahabad High Court, Banners of Riot-Accused

Gujarat HC Issues Notice on PIL Seeking Direction on Ban on Use of Loudspeakers(16.02.2022)

Gujarat High Court has issued notice to the Gujarat Government on a Public Interest Litigation (PIL) plea seeking a direction to the state government .....

Tags : Gujarat High Court, Ban on Use of Loudspeakers

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)

#Highway Booze Ban: Supreme Court Says 'No Need to Clarify Order'(11.08.2017)

Supreme Court has said that there was no need to further clarify its order on prohibiting liquor vends within 500 metre of National and State Highways.....

Tags : Supreme Court, Highway Booze Ban

Delhi HC Upholds Validity of Notifications Banning Manufacture & Sale of Chewing Tobacco Products(11.04.2023)

Delhi High Court while upholding notification of State banning manufacture & sale of chewing tobacco products and observed that though scheduled produ.....

Tags : Delhi High Court, COTPA, Notifications, Ban, Chewing Tobacco

Bombay HC: No Interference with Unconditional Bank Guarantee Except When Fraud Established(20.08.2021)

Bombay High Court has observed that there can be no interference with an unconditional bank guarantee except when fraud is established or apprehension.....

Tags : Bombay High Court, Unconditional Bank Guarantee

RBI: 90-Day NPA Norm Shall Exclude Moratorium Period for Standard Accounts as on March 1(17.04.2020)

Reserve Bank of India has announced that the moratorium permitted by it on 27th March, 2020 due to COVID-19 situation can be excluded from the 90-day .....

Tags : Reserve Bank of India, Moratorium Period for Standard Accounts

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

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

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

NCLAT: Salary Incrementation is Valid by Employment Agreement or Board Resolution(16.05.2022)

National Company Law Appellate Tribunal, (NCLAT) has observed that salary incrementation is valid only by an employment agreement or board resolution .....

Tags : National Company Law Appellate Tribunal, Insolvency and Bankruptcy Code, 2016, Section 9

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

Del. HC: Customs Department Can’t Encash Bank Guarantee If Pre-Deposit Already Made in Appeal(13.01.2025)

Delhi High Court has affirmed that if a trader has made a pre-deposit with his appeal against the demand and penalty then the Customs Department canno.....

Tags : Delhi High Court, Bank Guarantee, Pre-Deposit

IBBI Amends Guidelines on Technical Standards for Performance of Core Services(29.07.2021)

Insolvency and Bankruptcy Board of India (IBBI) has notified the Guidelines for Technical Standards for the Performance of Core Services and Other Ser.....

Tags : Insolvency and Bankruptcy Board of India, Guidelines on Technical Standards for Performance of Core Services

RBI Issues Operating Guidelines for Small Finance Banks and Payments Banks(07.10.2016)

Reserve Bank of India (RBI) has allowed payments banks and small finance banks to use digital banking to open bank accounts while streamlining their r.....

Tags : Reserve Bank of India, finance banks, payments banks, Guidelines

RBI Directs Banks Not to Grant/Renew Permissions to Foreign Law Firms for Opening Liaison Offices(24.11.2020)

Reserve Bank of India has directed the banks not to grant fresh permissions/ renewal of permission to any foreign law firm for opening of Liaison Offi.....

Tags : Reserve Bank of India, Permissions to Foreign law Firms

Supreme Court: Expect Modified Order on Highway Liquor Ban in Mid July(10.05.2017)

Supreme Court has said that it is likely to announce modification order in second week of July on plea by hotels and clubs seeking changes in its orde.....

Tags : Supreme Court, Highway Liquor Ban

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

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

RBI Announces Cut in Repo Rate and Reverse Repo Rate(27.03.2020)

Reserve Bank of India (RBI) has announced a 75 basis points cut in repo rates, 90 basis points cut to 4% in reverse repo rate as a measure to counter .....

Tags : Reserve Bank of India, Cut in Repo Rate and Reverse Repo Rate

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

Supreme Court Stays Patna HC Proceedings on Plea Against Liquor Ban(03.01.2017)

Supreme Court has stayed proceedings in Patna High Court in cases challenging Bihar’s new liquor prohibition law.

Tags : Supreme Court, Patna HC, Liquor Ban

SC Stays Allahabad HC Direction to Conduct UP ULB Polls Without OBC Quota(05.01.2023)

Supreme Court has stayed Allahabad High Court's direction to Uttar Pradesh State Election Commission to notify the Urban Local Body (ULB) Polls withou.....

Tags : Supreme Court, Urban Local Body, OBC

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

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

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

Delhi HC Dismisses Supertech Homebuyers’ Pleas For Stopping Banks From Charging EMIs(17.03.2023)

Delhi High Court has dismissed Supertech Urban Home Buyers Association (SUHA) Foundation and other home buyer’s petitions seeking directions for finan.....

Tags : Delhi High Court, Supertech Urban Home Buyers Association, Supertech Limited

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

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

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

Bombay HC Dismisses Yes Bank Petition Against Zee Promoters(20.08.2020)

Bombay High Court has rejected a Yes Bank Petition that sought to prevent Zee Entertainment Enterprises from selling shares and disposing of assets, s.....

Tags : Bombay High Court, Yes Bank

SC Allows Centre to Continue Security Cover for Mukesh Ambani Family(25.07.2022)

Supreme Court while quashing the proceedings in the PIL pending before Tripura High Court challenging security cover given to Mukesh Ambani & his fami.....

Tags : Supreme Court, Security Cover, Ambani

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

SC: Filing of Cheque Dishonour Complaint to be at Place of Payee Bank(07.03.2025)

Supreme Court has observed that a complaint of cheque dishonor under Section 138 of the Negotiable Instruments Act, 1881 should be filed in the Court .....

Tags : Supreme Court, Cheque Dishonour, Payee Bank

Delhi HC Issues Notice in Anil Ambani's Plea Seeking Impleadment of Chinese Banks(13.10.2020)

Delhi High Court has issued notice in an application moved by Anil Ambani seeking the impleadment of Chinese banks in his pending Petition challenging.....

Tags : Delhi High Court, Anil Ambani, State Bank of India

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»

P&H HC Denies Bail to Accused Found in Possession of Contraband Intoxicant Tablets(02.07.2021)

Punjab and Haryana High Court has observed that showing sympathy towards alleged drug peddlers at the time of granting bail often proves counterproduc.....

Tags : Punjab and Haryana High Court, Accused Found in Possession of Contraband Intoxicant Tablets

IBBI Clarifies Disciplinary Committee May Impose Monetary Penalty(30.07.2021)

Insolvency and Bankruptcy Board of India (IBBI) has issued a circular wherein it was clarified that the Disciplinary Committee of an Insolvency Profes.....

Tags : Insolvency and Bankruptcy Board of India, Disciplinary Committee, Monetary Penalty

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

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

Madras High Court Bans Online Sale of Firecrackers Till Nov 15(17.10.2018)

Madras High Court has passed an interim order staying online sale of firecrackers till November 15.

Tags : Madras High Court, Firecrackers Ban

Bombay HC: No Bar on Court Exercising Jurisdiction Even When Application U/S 7 of IBC is Filed(27.04.2022)

Bombay High Court has ruled that since application under Section 7 of the Insolvency and Bankruptcy Code, 2016 is filed, which is pending for consider.....

Tags : Bombay High Court, Section 7, Insolvency and Bankruptcy Code, 2016, Section 11, Arbitration and Conciliation Act, 1996

Reserve Bank of India Allows Kotak Bank to Retain 26% Promoter Stake(31.01.2020)

Reserve Bank of India has allowed Kotak Mahindra Bank’s founder Uday Kotak to retain 26 % promoter stake in a dispute over the bank’s promoter shareho.....

Tags : Reserve Bank of India, Kotak Mahindra Bank, Promoters Shareholding

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

SC Seeks Centre's Response on Plea Against Blanket Ban on Blood Donation by Transgenders(05.03.2021)

Supreme Court has sought response from the Central Government on a writ petition challenging the blood donor guidelines in so far as they impose a bla.....

Tags : Supreme Court, Blanket Ban on Blood Donation by Transgenders

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

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

RBI Withdraws Banks' 25% Compensation(28.08.2015)

Reserve Bank of India (RBI) has withdrawn 25 per cent compensation to banks for detecting fake notes.

Tags : Reserve Bank of India,25 per cent compensation

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

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

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

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

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

Delhi HC to State: Ensure Strict Compliance of Orders Banning Sale of Chinese Manjha for Kite Flying(10.08.2022)

Delhi High Court has directed the Delhi Government to ensure strict compliance of the orders passed by it as well as the National Green Tribunal (NGT).....

Tags : Delhi High Court, Chinese Manjha, Kite Flying, Ban

Madhya Pradesh High Court Upholds Total Prohibition of Plastic Carry Bags in State(17.09.2018)

MP HC has dismissed writ petitions challenging the total prohibition brought vide Madhya Pradesh Jaiv Anaashya Apashishta (Niyantran) Sanshodhan Adhin.....

Tags : Madras High Court, Plastic Bags Ban

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

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

Supreme Court Issues Notice in Woman's Habeas Corpus Plea to Trace Missing Husband(12.01.2022)

Supreme Court has issued notice to the High Commissioner of Malaysia in a habeas corpus petition filed by a wife seeking to trace her husband who had .....

Tags : Supreme Court, Habeas Corpus Plea to Trace Missing Husband

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

Karnataka HC Refuses Interim Relief to Permit Degree College Students to Wear Headscarves(22.02.2022)

Karnataka High Court has refused to grant any interim relief to two degree college students of Bhandarkar College of Arts and Science, Udupi, who soug.....

Tags : Karnataka High Court, Hijab Ban

Madras High Court Asks AIADMK to Remove Illegal MGR Banners from Chennai(01.10.2018)

Madras High Court has directed removal of all unauthorised banners erected across the city in connection with the valedictory function of the centenar.....

Tags : Madras High Court, MGR Banners

SC to Centre: File Status Report on Seized Contraband, Rehab Centres(02.08.2016)

SC has asked Centre to file status report on implementation of the court’s guidelines for foolproof storage and disposal of seized drugs to prevent th.....

Tags : SC , Seized Contraband, Rehab Centres, Centre

Chhattisgarh HC Restrains NTPC from Invoking Bank Guarantee Against Contracting Party(01.02.2022)

Chhattisgarh High Court has directed the National Thermal Power Corporation [NTPC] to try and amicably resolve a contractual dispute before proceeding.....

Tags : Chhattisgarh High Court, Bank Guarantee Against Contracting Party

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

Supreme Court: Insolvency and Bankruptcy Code Prevails Over State Laws(04.09.2017)

Supreme Court has ruled that the Insolvency and Bankruptcy Code, 2016 (Code), being a central statute, will prevail over the state laws that are repug.....

Tags : Supreme Court, Insolvency and Bankruptcy Code

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

RBI Revises Norms for 'When issued' Security(11.12.2015)

Reserve Bank of India (RBI) in order to encourage trading in ‘When Issued’ transactions in government securities, has allowed banks to take short posi.....

Tags : Reserve Bank of India , ‘When Issued’ transactions

Bom. HC: SC’s Judgment in ‘Pankaj Bansal’ Case Applies Prospectively(08.11.2023)

Bombay High Court while refusing relief to Jet Airways founder Naresh Goyal in PMLA case has observed that Supreme Court’s judgement in Pankaj Bansal’.....

Tags : Bombay High Court, PMLA, Pankaj Bansal, Prospectively

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

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

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

Supreme Court Bars Lenders from Making Claims in Arbitration Tribunals(25.01.2021)

Supreme Court has barred banks and financial institutions from making a claim in an arbitration tribunal to recover their money stating that holding t.....

Tags : Supreme Court, Claims of Banks and Financial Institutions

Rajasthan HC Suo Moto Exercises Writ Jurisdiction Directing Husband to Pay Monthly Maintenance(19.11.2021)

Rajasthan High Court has exercised its extraordinary writ jurisdiction and directed a man to pay monthly maintenance to his deserted wife and children.....

Tags : Rajasthan High Court, Husband to Pay Monthly Maintenance

Supreme Court Dismisses Appeals of 4 cops, 2 doctors in Bilkis Bano Case(11.07.2017)

Supreme Court has dismissed appeals of two doctors and four policemen including an IPS officer challenging their conviction by Bombay High Court in th.....

Tags : Supreme Court, Bilkis Bano Case

Delhi HC: Employer Can’t Retain Performance Bank Guarantee After Acknowledging Due Performance(14.12.2022)

Delhi High Court has held that the employer cannot withhold the performance bank guarantee after acknowledgement of the due performance of the contrac.....

Tags : Delhi High Court, Performance Bank Guarantee, Counter Claims

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

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

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

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

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

NCLAT: Territorial Jurisdiction Cannot be Taken Away by Agreement Between Parties(28.04.2022)

National Company Law Appellate Tribunal has observed that the territorial jurisdiction of NCLT to decide a case under the Insolvency and Bankruptcy Co.....

Tags : National Company Law Appellate Tribunal, Insolvency and Bankruptcy Code, 2016, territorial jurisdiction

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

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

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

Ker. HC: Local Self Governments Who Can’t comply with Directions Must Step Down(25.05.2023)

Kerala High Court while warning government on the issue State’s inaction pertaining to unauthorized banners in public places, has stated that if Local.....

Tags : Kerala High Court, Local Self Governments, Unauthorized Banners

NGT Imposes Ban on Use and Sale of Fire Crackers During COVID19 Pandemic(03.12.2020)

National Green Tribunal has imposed a total ban on sale and use of all kinds of fire crackers during COVID-19 pandemic in the National Capital Region .....

Tags : National Green Tribunal, Ban on Use and Sale of Fire Crackers

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

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

NCLT: Proceedings u/s 138 NI Act Have Nothing To Do With Insolvency Application Under I&B Code(28.07.2017)

National Company Law Tribunal has ruled that disclosure of fact of initiation of proceedings u/s 138 of Negotiable Instruments Act in not necessary wh.....

Tags : National Company Law Tribunal, Insolvency and Bankruptcy Code

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

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

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

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

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

Bombay HC Asks Maharashtra Government on Ban of Cast, Crew Over 65 Years(22.07.2020)

Bombay High Court has asked the Maharashtra Government the basis for the rule to not allow cast and crew above the age of 65 on film and television sh.....

Tags : Bombay High Court, Ban of Cast, Crew Over 65 Years

MP HC Imposes Rs. 2 Lakh Exemplary Cost on SBI for 'Inhuman Approach'(29.07.2021)

Madhya Pradesh High Court has imposed exemplary cost of Rs. 2 lakhs on the State Bank of India (SBI) for adopting a very 'inhuman approach' while deal.....

Tags : Madhya Pradesh High Court, Cost on State Bank of India

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.....

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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

Bombay HC: Contraband Found During Income Tax Search Does Not Amount to Seizure(25.05.2020)

Bombay High Court has held that when officers stumble upon a contraband during an income tax raid, it does not amount to 'seizure' under the Narcotics.....

Tags : Bombay High Court, Contraband Found During Income Tax Raid

Madras HC: Asian Paints to Furnish Bank Guarantee for GST Department to Release Detained Goods(02.05.2022)

Madras High Court has directed the Goods and Services Tax department to discharge the detained goods on furnishing of the bank guarantee by Asian Pain.....

Tags : Madras High Court, Goods and Services Tax, bank guarantee, Asian Paints

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

Gujarat HC Quashes Rape Charges Against Ex-Husband for having Sexual Relations After Alleged Divorce(30.01.2019)

Gujarat High Court has quashed rape charges levelled by a woman against her ex-husband who allegedly cohabited with her even after the dissolution of .....

Tags : Gujarat High Court, Rape Charges Against Ex-Husband

ITAT, Bangalore: No Rationale in Making Additions to Income on Violation of RBI Notifications(11.04.2022)

Income Tax Appellate Tribunal, Bangalore has observed that there is no rationale in the action of the Assessing Officer of making additions to income .....

Tags : Income Tax Appellate Tribunal, rationale, Assessing Officer, assesse, Section 68 of the Income Tax Act, 1961, Reserve Bank of India

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

Calcutta HC Allows Applications Filed by WB Govt, CM Mamata Banerjee for Accepting Affidavits(30.06.2021)

Calcutta High Court has allowed the applications filed by State of West Bengal, Chief Minister Mamata Banerjee, and the State Law Minister Moloy Ghata.....

Tags : Calcutta High Court, Applications Filed by WB Govt, CM Mamata Banerjee

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

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

Delhi HC: Pendency of Insolvency Petition Is Not Bar to Appointment of Arbitrator(16.05.2022)

Delhi High Court has observed that the mere pendency of an insolvency petition under Section 9 of the Insolvency and Bankruptcy Code, 2016 is not a ba.....

Tags : Delhi High Court, Section 9, Insolvency and Bankruptcy Code, 2016, Arbitrator

Kerala High Court Upholds Ordinances Merging District Cooperative Banks(29.04.2021)

Kerala High Court has upheld Ordinances amending the Kerala Cooperative Society Act, 1969 to merge District Cooperative Banks in the state with the Ke.....

Tags : Kerala High Court, Ordinances Merging District Cooperative Banks

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

#Union Budget 2022-2023: Post Office to Come Under Core Banking Systems(01.02.2022)

Finance Minister has said that 100% of 1.5 lakh Post Offices will come on Core banking systems to help farmers and senior citizens in rural areas. Go.....

Tags : Union Budget, Finance Minister, Core Banking Systems

Madras HC Directs Implementation of Night Travel Ban in Sathyamangalam Tiger Reserve(08.02.2022)

Madras High Court has directed that the restriction should come into force from February 10, 2021, in a public interest litigation filed for effective.....

Tags : Madras High Court, Night Travel Ban in Sathyamangalam Tiger Reserve

Gujarat High Court Stays Kutch DM’s Order on Livestock Export Ban From Tuna(21.09.2018)

Gujarat High Court has stayed the order of Kutch District Magistrate prohibiting the movement of livestock at Tuna port after complaints of alleged vi.....

Tags : Gujarat High Court, Kutch DM, Livestock Export Ban

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

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

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

Delhi HC Asks Sikh Body to Clear Dues of School Staff(30.04.2019)

Delhi High Court has asked city’s Sikh Gurdwara Prabandhak Committee (SGPC) to take steps to clear unpaid dues of those employed in schools run by the.....

Tags : Delhi High Court, Sikh Gurdwara Prabandhak Committee (SGPC)

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

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

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

Reserve Bank of India Keeps Lending Rate Unchanged in the Bi-Monthly Monetary Policy(06.08.2020)

Reserve Bank of India has come out with the Bi-Monthly Monetary Policy whereby the key lending rate has remained unchanged. The Committee has kept rep.....

Tags : Reserve Bank of India, Bi-Monthly Monetary Policy

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

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

Karnataka HC Seeks Response on Failure to Bring Regulation Banning Online Gambling(05.07.2021)

Karnataka High Court has directed the Chief Secretary to within a week file an affidavit setting out the reasons why the State Government has not abid.....

Tags : Karnataka High Court, Ban on Online Gaming

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

Telangana High Court Releases BJP State President Bandi Sanjay for Alleged Violation of Covid Norms(06.01.2022)

Telangana High Court has released BJP State President Bandi Sanjay Kumar who was sent to a 14-day judicial remand for allegedly violating Covid-19 nor.....

Tags : Telangana High Court, BJP State President Bandi Sanjay

Rajya Sabha Approves Insolvency and Bankruptcy Code (Amendment) Bill, 2020(13.03.2020)

Rajya Sabha has passed amendments to the insolvency law in the Insolvency and Bankruptcy Code (Amendment) Bill, 2020 that will help ring-fence success.....

Tags : Parliament, Insolvency and Bankruptcy Code (Amendment) Bill, 2020

Kerala HC Stays Demand Notice Asking State Co-Operative Bank to Pay Outstanding Amount(22.02.2022)

Kerala High Court has stayed the demand notice issued by the Deputy Commissioner of Income Tax asking the State Co-operative Bank to pay the outstandi.....

Tags : Kerala High Court, State Co-Operative Bank

Supreme Court Extends Stay on Construction Ban in Mumbai(27.09.2018)

Supreme Court has extended stay on construction ban in the city for a month and cleared that BMC can give permission to proposals submitted by builder.....

Tags : Supreme Court, Mumbai, Construction Ban

RBI: Retail Investors can Access G-Sec Market(29.07.2016)

Reserve Bank of India (RBI) has said that retail investors can access Government Securities (G-Sec) market, in a seamless manner from August 16.

Tags : Reserve Bank of India, G-Sec, retail investors

#Economic Survey 2021-2022: Impact of Pandemic on Banking System(31.01.2022)

The banking system is well capitalized and the overhang of Non-Performing Assets seem to have structurally declined.

Tags : Economic Survey, Banking System

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

Illegal Banquet Halls: NGT Directs Forfeiture of Performance Guarantee Submitted by Delhi Govt(12.07.2019)

National Green Tribunal (NGT) has directed forfeiture of performance guarantee of Rs 5 crore deposited by the Delhi Government, expressing dissatisfac.....

Tags : NGT, Illegal Banquet Halls

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

NCLAT: Resolution Professional Can Submit An Additional Report Under Section 99 I&B Code(29.04.2022)

National Company Law Appellate Tribunal has observed that the Resolution Professional can submit an additional report under Section 99 of the Insolven.....

Tags : National Company Law Appellate Tribunal, Section 99, Insolvency & Bankruptcy Code, 2016

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

Bombay HC Dismisses Plea Against Burial of COVID-19 Victims in Bandra Cemeteries(25.05.2020)

Bombay High Court has dismissed the writ Petition filed by few Mumbai residents challenging the permission granted by Municipal Corporation of Greater.....

Tags : Bombay High Court, Bandra Cemeteries

RBI Permits Indian Subsidiaries of MNCs to Hedge Forex Exposure(07.11.2016)

Reserve Bank of India (RBI) has allowed Indian subsidiaries of multinational companies to hedge their foreign currency exposure through derivatives, O.....

Tags : Reserve Bank of India, Indian subsidiaries, foreign currency

SC: Practice of Seeking Pre-Deposit of Bank Guarantee for Grant of Bail is Unsustainable(26.04.2023)

Supreme Court has held that the practice whereby pre-condition of furnishing bank guarantee is imposed on the accused by the Trial Court and the High .....

Tags : Supreme Court, Bank Guarantee, Bail, Unsustainable

Supreme Court Rejects Plea Seeking Complete Ban on Cow Slaughter(27.01.2017)

Supreme Court has dismissed Public Interest Litigation (PIL) seeking a complete ban on cow slaughter in every State.

Tags : Supreme Court, Cow Slaughter, Beef Ban

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

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

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

Madras HC Directs State to Ensure IIT Campus Does Not Become Dumping Ground for Abandoned Dogs(20.09.2021)

Madras High Court has directed the State of Tamil Nadu to ensure that IIT Madras Campus does not become a dumping ground for abandoned dogs and to tak.....

Tags : Madras High Court, Dumping Ground for Abandoned Dogs

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

Del HC: Pattern of Marrying Rape Victim to Evade Charges & Later Abandoning her is Disturbing(06.07.2023)

Delhi High Court has observed that it is shocking that numerous cases have come to light where the accused deceitfully enters into a marriage under th.....

Tags : Delhi High Court, Rape Victim, Marriage, Abandon

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

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

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

Delhi HC Directs SBI to Open FCRA Accounts of NGOs Within 10 Days of Receiving Centre's Approval(24.05.2021)

Delhi High Court has directed the State Bank of India (SBI) to ensure that applications for opening the Foreign Contribution (Regulation) Act, 2010 (F.....

Tags : Delhi High Court, State Bank of India, FCRA Accounts

SC Defers NDTV India Ban Hearing till Dec 5(09.11.2016)

Supreme Court has adjourned hearing of a plea challenging a day’s ban on NDTV India to December 5 as Attorney General informed Court that Government w.....

Tags : Supreme Court, NDTV India, Ban

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

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

Kerala High Court Dismisses Plea Challenging Bank Merger(27.03.2017)

Kerala High Court has dismissed a batch of Public Interest Petitions challenging decision of State Bank of India (SBI) to acquire State Bank of Travan.....

Tags : Kerala High Court, State Bank of India

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

Karnataka HC: Illegal to Impose Condition of Furnishing Bank Guarantee While Granting Bail(12.07.2024)

Karnataka High Court while hearing an application on modification of bail condition, has restated that it is illegal to impose a bail condition on the.....

Tags : Karnataka High Court, Bail Condition, Bank Guarantee

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

J&K&L HC Stays Gurdwara Board Elections(22.05.2023)

Jammu and Kashmir and Ladakh High Court has stayed the operation of a notification pertaining to the conduct of elections to the Gurdwara Parbandhak B.....

Tags : Jammu and Kashmir and Ladakh High Court, Gurdwara Parbandhak Board

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

Bombay HC Dismisses NIA's Appeal to Set Aside Bail Granted to Bookie in Ambani Terror Scare Case(21.12.2021)

Bombay High Court has dismissed the National Investigation Agency's (NIA) appeal and refused to set aside the order granting bail to bookie Naresh Gau.....

Tags : Bombay High Court, Ambani Terror Scare Case

SC: Before Classifying A/Cs as Fraud, Banks Must Give Borrowers Opportunity of Hearing(27.03.2023)

Supreme Court has held that principles of audi alteram partem, howsoever short, have to be applied before declaring a party as 'a fraudulent borrower'.....

Tags : Supreme Court, Audi Alteram Partem, Fraud, Bank

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

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

Bombay HC: Liquor Ban for Long Period Violates Merchants' Right to Livelihood(30.01.2023)

Bombay High Court while reducing 4 day ban on liquor sale in various districts in Maharashtra due to MLC graduate constituencies elections to just the.....

Tags : Bombay High Court, Liquor Ban, Right to Livelihood

RBI Opens Rs 50kcr Flexible Liquidity Window to Aid MFs(28.04.2020)

Reserve Bank of India (RBI) has opened a Rs 50,000 Crores flexible liquidity window to help mutual funds cope with redemption pressure, tempering inve.....

Tags : Reserve Bank of India, Liquidity Window

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

Supreme Court Upholds Validity of Insolvency & Bankruptcy Code(28.01.2019)

Supreme Court has upheld the two-year old insolvency code in its entirety, quashing petitions which challenged the law saying it was discriminatory.

Tags : Supreme Court, Insolvency & Bankruptcy Code

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

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

Rajasthan High Court: Seizure Memo Needs to be Prepared at Spot of Recovery(18.07.2024)

Raj. HC has held that seizure officer should prepare seizure memo at the place of recovery of contraband material as prescribed under the Standing Ins.....

Tags : Rajasthan High Court, Seizure Memo, Contraband Material

Delhi HC Directs RBI to Reconsider Jindal Steel and Power Ltd Application(07.12.2020)

Delhi High Court has remanded to the Reserve Bank of India, an application by Jindal Steel and Power Ltd (JSPL) to transmit $300 million to its wholly.....

Tags : Delhi High Court, Reserve Bank of India, Jindal Steel and Power Ltd

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

CBIC Allows Export of Goods from Bangladesh to India by Rail in Closed Containers(20.05.2022)

Central Board of Indirect Taxes and Customs has allowed the export of goods from Bangladesh to India by rail in closed containers. The carrier will be.....

Tags : CBIC, Export, Indian Railway, Bangladesh

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

MP HC: Export Ban on N95 Masks/PPE Kits Not Violation of Right of Trade/Business(15.10.2020)

Madhya Pradesh High Court has ruled that ban of export in respect of KN95 Masks, Personal Protective Equipment Kits and other products does not amount.....

Tags : Madhya Pradesh High Court, Export Ban on N95 Masks/PPE Kits

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

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

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

Kerala High Court: Don’t Misconstrue Court Order On Highway Liquor Ban(18.08.2017)

Kerala High Court has held that with regard to prohibition of liquor outlets near national highways, relevant distance is to be measured from outer ed.....

Tags : Kerala High Court, Highway Liquor Ban

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

Delhi HC Refuses to Grant Interim Relief to Abhishek Banerjee in Plea Seeking Quashing of Summons(22.09.2021)

Delhi High Court has refused to grant interim relief to All India Trinamool Congress MP Abhishek Banerjee and his wife in their plea seeking quashing .....

Tags : Delhi High Court, Abhishek Banerjee

Corporate Debtor can’t Maintain Appeal Under Insolvency & Bankruptcy Code: NCLAT(16.11.2018)

National Company Law Appellate Tribunal has dismissed an appeal filed by M/s Radius Infratel Pvt. Ltd. and held that corporate debtor cannot maintain .....

Tags : NCLAT, Insolvency & Bankruptcy Code

Supreme Court: Hijab Ban Imposed by Mumbai Private College Stayed(12.08.2024)

Supreme Court has stayed the ban imposed by a private college in Mumbai on wearing of hijab, cap or badges by students on campus.

Tags : Supreme Court, Private College, Hijab Ban

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

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

Calcutta HC Allows Bail Application of Former TMC aide Ayan Sil in Recruitment Scam Case(03.12.2024)

Calcutta High Court has allowed a bail application filed by the former TMC leader, Santanu Banerjee's aide Ayan Sil in connection with the recruitment.....

Tags : Calcutta High Court, Santanu Banerjee, Ayan Sil, recruitment scam case

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

'Child Witness Prone to Tutoring': Calcutta HC Acquits Man Convicted for Murdering His Wife(25.05.2022)

Calcutta High Court has set aside the order convicting husband for the murder of his wife on the ground that the child witness being of extremely tend.....

Tags : Calcutta High Court, Murder, Husband, Child Witness

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

CRIMINAL - Pulwama Terror Attack Remarks: Gauhati HC Grants Interim Anticipatory Bail to Papri Banerjee(05.03.2019)

Gauhati High Court has granted interim anticipatory bail to Papri Banerjee, Assistant Professor at Icon College, accused of posting a controversial co.....

Tags : Gauhati High Court, Papri Banerjee, Pulwama Terror Attack

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

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

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

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

Supreme Court Vacates Blanket Ban Restraining Courts From Hearing Disputes Related to BCCI(14.12.2020)

Supreme Court has vacated its nearly two-year old blanket ban restraining other courts from hearing disputes related to the Board of Control for Crick.....

Tags : Supreme Court, Disputes Related to BCCI, Blanket Ban

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

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

Supreme Court Acquits Man for Allegedly Abandoning Lady of SC-ST Community(15.04.2022)

Supreme Court has acquitted a man who had allegedly abandoned a lady belonging to SC-ST Community with whom he was living together. The Court has obse.....

Tags : Supreme Court, Abandoning Lady of SC-ST Community

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

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

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

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

RBI Increases Withdrawal Limit from PMC Bank to Rs 50,000(06.11.2019)

Reserve Bank of India has enhanced the withdrawal limit of PMC Bank depositors to Rs 50,000 from the previous cap of Rs 40,000. RBI further said that .....

Tags : RBI, PMC Bank

Will Not Allow Hadiyaâ€™s Husband to Meet Her, Says Hadiyaâ€™s Guardian and College Principal(29.11.2017)

Will Not Allow Hadiyaâ€™s Husband to Meet Her, Says Hadiyaâ€™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, Hadiyaâ€™s husband, or her parents would be allowed to meet her while she completes her studies.

Tripura HC Stays Investigation Against Trinamool Congress General Secretary Abhishek Banerjee(24.09.2021)

Tripura High Court has stayed investigation against Trinamool Congress General Secretary Abhishek Banerjee, MP Dola Sen, West Bengal Minister Bratya B.....

Tags : Tripura High Court, Trinamool Congress General Secretary Abhishek Banerjee

Reserve Bank Cuts Key Lending Rates by 0.35%(07.08.2019)

Reserve Bank of India's Monetary Policy Committee (MPC) has cut key interest rate for the fourth consecutive time by 35 basis points or 0.35 per cent .....

Tags : Reserve Bank, Lending Rates

SC: Bangalore Club Not Liable to Pay Wealth Tax(09.09.2020)

Supreme Court has held that 'Bangalore Club', one of the oldest club in Bangalore, is not liable to pay Wealth tax under the Wealth Tax Act, 1957.

Tags : Supreme Court, Bangalore Club

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

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

Bombay High Court Stays Decision on DJ Ban(22.10.2018)

Bombay High Court has turned down a petition filed in the court to uplift the DJ ban which was implemented this year during Ganesh Chaturthi.

Tags : Bombay High Court, DJ BAN

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

NCLAT: Interest Free Security Deposit is an Operational Debt(28.04.2022)

National Company Law Appellate Tribunal has observed that an interest free security deposit towards advance license fee will qualifies as an operation.....

Tags : National Company Law Appellate Tribunal, interest free, security deposit, Insolvency & Bankruptcy Code, 2016

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

Reserve Bank of India to Allow Exchange of Rs 4500 in Old Notes in Nepal(27.03.2017)

Reserve Bank of India (RBI) will allow exchange of up to Rs 4,500 in banned Indian currency notes to each Nepali national.

Tags : Reserve Bank of India, Demonetisation

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

Delhi HC Issues Notice to UOI on Women Plea Seeking Information on Missing Husband(17.08.2021)

Delhi High Court has issued notice to the Union of India on the woman's plea seeking verified information about her husband's whereabouts and repatria.....

Tags : Delhi High Court, Information on Missing Husband

Delhi HC Allows Interim Reoccupation to Debtor of Property Securitized by Bank(13.04.2020)

Delhi High Court has allowed a family to reoccupy a floor of the property, which was securitized by IIFL Home Finance Limited under Section 14 of Secu.....

Tags : Delhi High Court, Reoccupation to Debtor of Property Securitized by Bank

Delhi HC Rejects Plea Challenging Ban on Army Officers Using Social Media(05.08.2020)

Delhi High Court has rejected a plea challenging the policy of the Indian Army which requires all members of the armed forces to delete their social m.....

Tags : Delhi High Court, Ban on Army Officers Using Social Media

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

Madras HC Declines PIL Seeking Ban on Online and Offline Video Games(02.07.2021)

Madras High Court has declined to entertain a Public Interest Litigation (PIL) seeking a ban on all online and offline video games that children and y.....

Tags : Madras High Court, Ban on Online and Offline Video Games

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

COMPANY - NCLAT Slams RCom's Lender SBI over Rs. 37,000 Crore Asset Sale(12.03.2019)

National Company Law Appellate Tribunal has slammed lenders of Reliance Communications, State Bank of India, for painting a rosy picture of Anil Amban.....

Tags : NCLAT, State Bank of India, Reliance Communication

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

Supreme Court Stays Bombay High Court Order Directing Sale of HDIL Assets to Repay Dues of PMC Bank(10.02.2020)

Supreme Court has stayed the Bombay High Court order directing sale of bankrupt Housing Development and Infrastructure Ltd (HDIL) to ensure repayment .....

Tags : Supreme Court, PMC Bank

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

Karnataka High Court to Pass Directions on Providing Shelters for Urban Homeless(11.03.2021)

Karnataka High Court has said it would issue interim directions for implementation of the Operational Guidelines for the Scheme of Shelter for Urban H.....

Tags : Karnataka High Court, Providing Shelters for Urban Homeless

SC: Sessions Judge has Power to Issue Process Against Accused in Offences Under IBC, 2016(22.04.2024)

SC while upholding issuance of process by sessions judge in an offence committed under Insolvency and Bankruptcy Code, 2016 (IBC), has observed that S.....

Tags : Supreme Court, Insolvency and Bankruptcy Code, Sessions Judge

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

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

Bom. HC: Banks to Show Evidence to Borrowers Before Invoking Circular on Wilful Default(27.03.2024)

Bombay High Court has held that commercial banks need to show the evidence to defaulting borrowers before invoking the master circular on wilful defau.....

Tags : Bombay High Court, Wilful Default, Commercial Banks

Delhi HC Temporarily Restrains 6 PSU Banks from Taking Coercive Action Against Company(29.04.2020)

Delhi High Court has temporarily injuncted 6 Public Sector Units banks from taking any coercive action against Eastman Auto Limited for defaults arisi.....

Tags : Delhi High Court, Coercive Action, PSU Banks

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

Delhi HC Upholds Extradition of NRI to United States in Bank Fraud Conspiracy Case(10.08.2017)

Delhi High Court has upheld order of extradition of an NRI to United States in a case alleging bank fraud conspiracy.

Tags : Delhi High Court, Bank Fraud Conspiracy

ITAT: Deduction of Compensation for Breach of Contract Can’t be Allowed Based Only on Bank Statement(13.07.2022)

Income Tax Appellate Tribunal (ITAT), Pune Bench has held that deduction of compensation paid for breach of contract cannot be allowed based on bank s.....

Tags : ITAT, Contract, Bank Statement

Housing Ministry Directs CPIO to Remove Personal Details of RTI Applicants(10.12.2020)

Union Ministry of Housing & Urban Affairs (Housing Ministry) has directed all the Central Public Information Officers and Appellate Authorities under .....

Tags : Union Ministry of Housing and Urban Affairs, Personal Details of RTI Applicants

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

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

Yes Bank Case: Bombay HC Discharges DHFL(18.11.2021)

Bombay HC has discharged Dewan Housing Finance Corporation Ltd. (DHFL) and dropped the proceedings against it in a case of cheating and corruption reg.....

Tags : Bombay HC, Dewan Housing Finance Corporation Ltd., Yes Bank

Allahabad HC Stays Announcement of Urban Local Body Polls Dates(13.12.2022)

Allahabad High Court has restrained State Election Commission from announcing Urban Local Body Elections notification and asked the State if the "trip.....

Tags : Allahabad High Court, Urban Local Body Elections, Triple Test, OBC

Special Court Remands Sachin Waze to NIA Custody in Case of Explosives Found Near Ambani’s House(15.03.2021)

Special Court has remanded Mumbai Police officer Sachin Waze to the National Investigating Agency's (NIA) custody till March 25, in connection with hi.....

Tags : Special Court, Sachin Waze, Mukesh Ambani

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

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

Raj. HC: Plastic Coated Papers Come Within Ambit of Single-Use Plastic Items(05.06.2023)

Rajasthan High Court has held that ‘plastic coated paper’ which is also used as a raw material for laminated paper cups, will come within the ambit of.....

Tags : Rajasthan High Court, Plastic Coated Papers, Single-Use Plastic, Ban

Delhi HC to JNU: Don't Take Action against Umar, Anirban for A Week(06.09.2016)

Delhi HC has directed JNU to not to implement for a week order passed by its appellate authority holding some students including Umar Khalid and Anirb.....

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

Supreme Court Stays FIR Registered Against Journalist Who Was Covering 2018 Bharat Bandh(29.10.2020)

Supreme Court has stayed a First Information Report registered against Yogesh Kumar Holkar, a journalist who had covered the 2018 Bharat Bandh protest.....

Tags : Supreme Court, Journalist Covering 2018 Bharat Bandh

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

Del. HC: Department Can't Hold Compliance once Court Orders Release of Bank Guarantee by Trader(24.01.2025)

Delhi High Court has observed that once the Court has ordered release of the bank guarantee furnished by a trader, Customs Department cannot hold back.....

Tags : Delhi High Court, Bank Guarantee, Customs Department

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.

SEBI: 5 Year Ban Imposed on Industrialist Anil Ambani for Diversion of Funds(26.08.2024)

The Securities and Exchange Board of India (SEBI) has imposed a ban of five years on industrialist Anil Ambani from the securities market for the dive.....

Tags : SEBI, Anil Ambani, Reliance Home Finance

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

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

RBI Announces Timetable Reduction in SLR(11.12.2015)

Reserve Bank of India (RBI) has announced a reduction in share of government securities known as Statutory Liquidity Ratio (SLR) that banks have to ma.....

Tags : Reserve Bank of India, Statutory Liquidity Ratio

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

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

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

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

Urban Improvement Trusts Not Entitled to Income Tax Exemptions: Supreme Court(15.10.2018)

Supreme Court has held that Urban Improvement Trust constituted under the Rajasthan Urban Improvement Act, 1959 is not a local authority within the me.....

Tags : Supreme Court, Urban Improvement Trusts

Madras HC Dismisses Plea Seeking No Disturbance to CM on Sundays With Costs(09.06.2021)

Madras High Court has dismissed a plea with Rs. 10,000/- cost which sought directions the Chief Secretary and other officials not to circulate any fil.....

Tags : Madras High Court, No Disturbance to CM

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

ITAT, Mumbai Allows Tax Deductions to SRK on Earnings From Kaun Banega Crorepati(23.03.2017)

ITAT, Mumbai has allowed SRK a deduction of Rs 10 crore that was paid to him for Kaun Banega Crorepati and also of Rs 7 crore the actor had charged fr.....

Tags : ITAT, Mumbai, Shah Rukh Khan, Kaun Banega Crorepati

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

Ker HC: Min. of Animal Husbandry to Consider Objections to Ban on ‘Dangerous & Ferocious’ Dog Breeds(12.06.2024)

Kerala High Court has directed the Ministry of Fisheries and Animal Husbandry to consider the objections that have been submitted while considering a .....

Tags : Kerala High Court, Animal Husbandry, Dog Breeds

SC: Press has a Duty to Speak Truth and Present Citizens With Hard Facts(05.04.2023)

Supreme Court while ruling against telecast ban imposed by Centre on news channel MediaOne using plea of National Security, observed that press has a .....

Tags : Supreme Court, MediaOne, Ban, Democracy

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

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

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

Ker. HC: Acts Done by Bank Officials While Taking Possession are Protected Under SARFAESI Act(25.05.2023)

Kerala High Court while observing that action taken by the officials of the bank under the SARFAESI Act is neither unquestionable nor treated as sacro.....

Tags : Kerala High Court, Bank Officials, SARFAESI, Prosecution

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

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

SC: Appeal Under IBC is Valid Only if it is Initiated Within 30 days From Date of Order(17.05.2022)

Supreme Court has ruled that an appeal under the Insolvency and Bankruptcy Code, 2016 (IBC) is only acceptable if it is filed within 30 days from the .....

Tags : Supreme Court, Insolvency and Bankruptcy Code, 2016, 30 days, National Company Law Tribunal

RBI Authorises Select Bank Branches to Collect Advance Tax(16.08.2016)

Reserve Bank of India (RBI) has authorised various bank branches, including those of SBI, ICICI, HDFC Bank, PNB and Bank of Baroda, to collect income .....

Tags : Reserve Bank of India, Advance Tax

SC Asks about Union’s Purpose of Detaining Illegal Bangladeshi Immigrants Indefinitely(04.02.2025)

Supreme Court has asked the Central Government about its purpose of indefinitely detaining hundreds of illegal Bangladeshi immigrants instead of depor.....

Tags : Supreme Court, Central Government, Bangladeshi Immigrants

RBI Releases Fifth Bi-monthly Monetary Policy Statement, Maintains Status Quo on Repo Rate(08.02.2017)

Reserve Bank of India (RBI) has issued its sixth Bi-monthly Policy Statement for the year, wherein Apex Bank decided to hold on to repo rate at 6.25 p.....

Tags : Reserve Bank of India, Bi-monthly Policy Statement, repo rate

SC Declines to Entertain Plea by PMC Bank Account Holders for Lifting Cash Withdrawal Restrictions(18.10.2019)

Supreme Court has declined to entertain plea by Punjab & Maharashtra Co-operative Bank account holders seeking directions to Reserve Bank of India aga.....

Tags : SC, PMC Bank

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

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

Kerala HC: No Ban on Journalists from Reporting Court Proceedings(01.08.2016)

Kerala HC has said that there is no ban on journalists reporting court proceedings but the judges would be at liberty to decline access to any person .....

Tags : Kerala HC , Ban on Journalists

Kerala High Court Temporarily Defers Centre's Ban on News Channel MediaOne(01.02.2022)

Kerala High Court has deferred the order issued to popular Malayalam news channel MediaOne by the Ministry of Information and Broadcasting revoking it.....

Tags : Kerala High Court, Ban on News Channel MediaOne

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

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

Madras High Court Allows Plastic Ban in Tamil Nadu(12.07.2019)

Madras High Court while rejecting a batch of 37 litigations by different plastic bag and paper cup manufacturers has urged the State Government of Tam.....

Tags : Madras High Court, Plastic Ban

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

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

Calcutta HC Refuses Contempt Action Against TMC MP Abhishek Banerjee for Alleged Derogatory Remarks(31.05.2022)

Calcutta High Court dismissed a petition seeking initiation of suo motu contempt proceedings against TMC MP Abhishek Banerjee for his alleged derogato.....

Tags : Calcutta High Court, Abhishek Banerjee, contempt, TMC

RBI to CICs: Give FFCR to Individuals Once a year(02.09.2016)

Reserve Bank of India (RBI) has directed Credit Information Companies (CICs) to provide access to one Free Full Credit Report (FFCR), including credit.....

Tags : Reserve Bank of India, CICs, FFCR t

SC Asks 2002 Gujarat Riots Victim Bilkis Bano to Approach Authorities for Job and Accommodation(27.10.2020)

Supreme Court has asked Bilkis Bano, who was gang- raped when she was five months pregnant during the 2002 Gujarat riots, to approach the authorities .....

Tags : Supreme Court, Bilkis Bano

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

Bombay HC Allows Budget Approval for Universities Before Polls(01.04.2019)

Bombay High Court has allowed all state universities to get their annual budgets approved before upcoming Lok Sabha election from the Maharashtra Gove.....

Tags : Bombay High Court, Certificate Without Husband's Name

What Protection is Available to a Depositor if Bank Fails: Delhi High Court asks Centre(09.10.2018)

Delhi High Court has asked Centre that what is the protection available to customers having deposits of over Rs 1 lakh if a bank fails and said that i.....

Tags : Supreme Court, Banks

Electoral Bonds Data Uploaded on Election Commission of India’s Website(15.03.2024)

The Election Commission of India has uploaded on its website data related to electoral bonds that was supplied by the State Bank of India.

Tags : Election Commission of India, Electoral Bonds, State Bank of India

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

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

Bombay HC: Goa State Cooperative Bank Ltd. is Not a 'State' Under Article 12(08.03.2021)

Bombay High Court has held that the Goa State Cooperative Bank Ltd. is not a 'State' nor does it fall within the ambit of 'any other authority' for th.....

Tags : Bombay High Court, Goa State Cooperative Bank Ltd.

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

Causing Loss of Rs. 38K, Bank Peon’s Conviction Upheld by SC After 24 Years(04.10.2018)

Supreme Court has upheld the conviction of bank’s peon after 24 Years, who doubled as cash clerk due to shortage of staff, for corruption and causing .....

Tags : Supreme Court, Bank Peon

SC: Make EIA Mandatory for Urban Development(11.01.2023)

Supreme Court while issuing directions to preserve the heritage of 'Corbusier' Chandigarh, has recommended Centre as well as the State to make necessa.....

Tags : Supreme Court, Environmental Impact Assessment, Urban Development

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

RBI Clears 11 Payments Banks(20.08.2015)

Reserve Bank of India (RBI) has given 'in principle' clearance to 11 entities to set up 'payments banks'. These entities include department of posts, .....

Tags : Reserve Bank of India, Payments Banks

NCLAT: If Credit Facility Agreement is Unstamped, Petition U/S Section 7 is Maintainable(29.04.2022)

National Company Law Appellate Tribunal has observed that if a credit facility agreement is unstamped, then petition under Section 7 of the Insolvency.....

Tags : National Company Law Appellate Tribunal, credit facility, Section 7, Insolvency and Bankruptcy Code, 2016

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

Gujarat HC Quashes Rape Charges Against Ex-Husband for having Sexual Relations After Alleged Divorce(30.01.2019)

Gujarat High Court recently quashed rape charges levelled by a woman against her ex-husband who allegedly cohabited with her even after the dissolutio.....

Tags : Gujarat High Court, Rape Charges Against Ex-Husband

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

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

Delhi HC Directs RBI to Reconsider Jindal Steel and Power Ltd Application(07.12.2020)

Delhi High Court has remanded to the Reserve Bank of India, an application by Jindal Steel and Power Ltd (JSPL) to transmit $300 million to its wholly.....

Tags : Delhi High Court, Reserve Bank of India, Jindal Steel and Power Ltd

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

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

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

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

SC: SBI’s Application for Extension of Time for Furnishing Electoral Bonds Details Dismissed(11.03.2024)

Supreme Court has dismissed the State Bank of India’s (SBI) application that was filed for an extension of time for furnishing electoral bond details .....

Tags : Supreme Court, State Bank of India, Electoral Bonds, Extension of Time

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

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

Financial Service Providers Outside Purview of Insolvency and Bankruptcy Code: NCLAT(24.10.2018)

National Company Law Appellate Tribunal has held that financial service providers such as non-banking financial companies are outside the purview of t.....

Tags : NCLAT, Financial Service Providers, Insolvency and Bankruptcy Code

Apex Court Gives Mamata Banerjee's Critic 7-Day Protection from Arrest(31.05.2019)

Supreme Court has granted a seven-day interim protection to Anirban Das, a social activist who is apprehending arrest in a criminal case filed in Beng.....

Tags : Apex Court, Mamata Banerjee

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

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

RBI Slashes Key Rate 40 Basis Points to New All-Time Low(25.05.2020)

Reserve Bank of India has cut key interest rates by 40 basis points to a new low of 4%, citing an assessment of Gross Domestic Product contraction in .....

Tags : Reserve Bank of India, Interest Rates

RBI Releases Guidelines for On-Tap Licensing of Universal Banks in Private Sector(02.08.2016)

Reserve Bank of India (RBI) has released final guidelines for on-tap licensing of universal banks in private sector, under which it ring-fenced bankin.....

Tags : RBI , On-Tap Pvt Sector Bank Licences

#Union Budget 2022-2023: Finance Minister Informs on Central Bank Digital Currency(01.02.2022)

Finance Minister has stated that the introduction of a central bank digital currency will give boost to digital economy leading to cheaper currency ma.....

Tags : Union Budget, Finance Minister, Central Bank Digital Currency

Ker. HC: IO Mixes Contraband Found in Separate Packs, Bail Granted to Accused Booked Under NDPS Act(24.06.2024)

Kerala High Court has granted bail to an accused booked under the Narcotic Drugs and Psychotropic Substances, 1985(NDPS) possessing contraband after n.....

Tags : Kerala High Court, NDPS Act, Contraband

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

Cal HC: Restraint Imposed on WB CM Mamata Bannerjee from Making Statements Against Governer, Lifted(29.07.2024)

Calcutta High Court has lifted the restraint imposed on West Bengal Chief Minister Mamata Banerjee from making statements against the Governor CV Anan.....

Tags : Calcutta High Court, Mamata Banerjee, CV Ananda Bose

NCLAT Delhi: Resolution Professional Cannot Decide Eligibility Under Section 29A IBC(07.04.2022)

National Company Law Appellate Tribunal has observed that the Resolution Professional is not required to take a decision in regard to the ineligibili.....

Tags : National Company Law Appellate Tribunal, Resolution Professional, Section 29A of the Insolvency & Bankruptcy Code, 2016, Resolution Applicant

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

Karnataka HC: Husband's Extra-Marital Partner Not Respondent in Domestic Violence Proceedings(29.06.2021)

Karnataka High Court has held that a wife cannot make the woman with whom her husband is having an illegal relationship as a respondent in the applica.....

Tags : Karnataka High Court, Husband's Extra-Marital Partner

Rajasthan HC: Condition to Submit Bank Guarantee Against Annual Fees as Illegal(01.06.2021)

Rajasthan High Court has held that the condition imposed by private medical institutions requiring students seeking admission to MBBS Course to submit.....

Tags : Rajasthan High Court, Bank Guarantee Against Annual Fees

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

SAT Upholds SEBI Order Imposing Fine on Former YES Bank CEO, Rana Kapoor(22.06.2021)

Securities Appellate Tribunal has upheld the order by the Securities and Exchange Board of India imposing fine of Rs. 1 Crore on former YES Bank CEO, .....

Tags : Securities Appellate Tribunal, Former YES Bank CEO, Rana Kapoor

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

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

NCLAT, Delhi: Quantum of Debt Not to be Decided At Stage of Admission of S. 7 IBC Application(18.04.2022)

National Company Law Appellate Tribunal, Delhi has observed that the quantum of debt is not to be considered at the stage of admission of a petition u.....

Tags : National Company Law Appellate Tribunal, Section 7 of the Insolvency and Bankruptcy Code, 2016, admission

Bombay HC Directs Wife to Pay Maintenance to Husband under Sec 25 of Hindu Marriage Act, 1955(01.04.2022)

Bombay High Court upheld two orders of the civil court directing a wife working as a teacher, to pay Rs 3,000 maintenance to her husband by directing .....

Tags : Bombay High Court, maintenance, Maintenance To Husband

SC Asks Wife to Seek Financial Assistance for Husband’s Surgery Under National Policy(17.08.2021)

Supreme Court has asked a wife seeking financial assistance for her husband's lung transplant to make a representation under the National Policy formu.....

Tags : Supreme Court, Financial Assistance for Husband’s Surgery

Delhi HC: RBI's Intention is to Maintain Status Quo on Account Classification as on March 1(15.04.2020)

Delhi High Court has provided interim relief to an account from being declared a Non Performing Asset by the Punjab & Sind Bank in light of the morato.....

Tags : Delhi High Court, Reserve Bank of India, Status Quo on Account Classification

Delhi HC Upholds Ban on Social Media Use by Defence Staff(06.08.2020)

Delhi High Court has upheld the ban on social media for defence personnel, observing that it is a policy decision by the Government based on feedback .....

Tags : Delhi High Court, Ban on Social Media Use

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

NCLAT: Payment of Lease Amount, Rent & Premium Arising During CIRP Cannot Be Considered as CIRP Costs(28.10.2024)

The National Company Law Appellate Tribunal (NCLAT) has observed that the payment of lease amount, lease rent and premium arising during CIRP cannot b.....

Tags : National Company Law Appellate Tribunal, CIRP Cost, Section 14, Insolvency and Bankruptcy Code, 2016

SC Sets Aside Allahabad High Court's Blanket Ban on DJ Services in Uttar Pradesh(16.07.2021)

Supreme Court has set aside the 2019 order of the Allahabad High Court imposing a blanket ban on the use of DJ services in the state of Uttar Pradesh......

Tags : Supreme Court, Blanket Ban on DJ Services

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

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

Kar. HC: Able-Bodied Husband Having Earning Capacity Can't Seek Permanent Alimony from Wife(11.07.2022)

Karnataka High Court has held that an able bodied man having the capacity to earn cannot seek for permanent alimony on divorce from his wife.

Tags : Karnataka High Court, Alimony, Husband

SC: Protection U/S 197 CrPC Not Available to Nationalised Bank Employee(09.08.2023)

Supreme Court has held that although a person working in a Nationalised Bank is a public servant, yet the provisions of Section 197 CrPC wouldn’t be a.....

Tags : Supreme Court, Nationalised Bank Employee, Public Servant, Section 197 CrPC

Lok Sabha passes Banking Laws (Amendment) Bill, 2024(04.12.2024)

Lok Sabha has passed the Banking Laws (Amendment) Bill, 2024 which includes bank accounts to have four nominees among other changes. Under this amendm.....

Tags : Lok Sabha, Bank Account Holders, Simultaneous Nominations

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

NCLAT: Article 1 of Limitation Act,1963 not Apply to Proceedings Under IB Code, 2016(26.05.2022)

National Company Law Appellate Tribunal (NCLAT) Principal Bench has held that the Article 1 of Limitation Act, 1963 is not applicable to the Petition .....

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

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

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

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

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

Make Plans for Urban Homeless by October 31: Supreme Court to States(19.09.2018)

Supreme Court has asked all states and Union Territories to prepare action plans for the urban homeless by October 31 and while setting the deadline, .....

Tags : Supreme Court, Urban Homeless

RCom default: NCLAT Rejects Contempt Petition Against Anil Ambani(24.07.2019)

National Company Law Appellate Tribunal (NCLAT) has rejected contempt petitions filed against Reliance Group Chairman Anil Ambani and other officials .....

Tags : NCLAT, Anil Ambani

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

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

Limitation Act Applicable to Applications Filed Under Sec 7 and 9 of IBC from Inception of Code: SC(12.10.2018)

Supreme Court has held that the Limitation Act is applicable to applications filed under Sections 7 and 9 of Insolvency and Bankruptcy Code From the i.....

Tags : Supreme Court, Insolvency and Bankruptcy Code

SEBI Eases Norms on Consolidated Numbers for Banks, Insurance Companies(13.05.2020)

Securities and Exchange Board of India (SEBI) has exempted banks and insurance companies from publishing consolidated financial results for the June q.....

Tags : Securities and Exchange Board of India, Banks, Insurance Companies

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

SC: NCLT Has to Admit Section 7 Petition if Debt is Due(15.05.2023)

Supreme Court while observing that even non¬-payment of a part of debt when it becomes due and payable will amount to default on part of a Corporate D.....

Tags : Supreme Court, Corporate Debtor, Insolvency and Bankruptcy Code

RBI Eases FDI Norms to Boost Start-Ups(03.02.2016)

Reserve Bank of India (RBI) has relaxed several rules including Foreign Direct Investment (FDI) norms to boost start-up activity in the country.

Tags : Reserve Bank of India, Foreign Direct Investment , Start-Ups

SC: Ban on Firecrackers Required Not Only to Curb Air Pollution but also Noise Pollution(13.12.2024)

Supreme Court while directing Delhi government and NCR states to decide on a complete year-round ban on firecrackers, has stated that this is the requ.....

Tags : Supreme Court, Ban on Firecrackers, Noise Pollution

Finance Minister Introduces Insolvency and Bankruptcy Code (Amendment) Ordinance, 2021(27.07.2021)

Finance Minister Nirmala Sitharaman has introduced the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2021, which amends the Insolvency and Ban.....

Tags : Finance Minister, Insolvency and Bankruptcy Code (Amendment) Ordinance, 2021

First Time Dispute in Reply of Demand Notice Doesn't Constitute Pre Existing Dispute Under IBC: NCLAT(30.11.2018)

National Company Law Appellate Tribunal has held that a dispute raised for the first time in reply to demand notice or in response to Adjudicating Aut.....

Tags : NCLAT, Insolvency and Bankruptcy Code

Madras High Court Dismisses Plea Seeking a Ban on Chanting of Mantras in Tamil in Temples(13.09.2021)

Madras High Court has rejected a Public Interest Litigation (PIL) seeking directions to be issued to the Tamil Nadu government to withdraw the 'Annai .....

Tags : Madras High Court, Ban on Chanting of Mantras in Tamil in Temples

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

RBI Allows Bank to Offer Lower Rate on Matured Fixed Deposits(06.07.2021)

Reserve Bank of India has allowed banks to offer the lower of either the savings deposit rate or fixed deposit rate on matured Fixed Deposits in a bid.....

Tags : Reserve Bank of India, Rate on Matured Fixed Deposits

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

Madras High Court Strikes Down Tamil Nadu's Law Banning Online Games with Stakes(04.08.2021)

Madras High Court has struck down the Tamil Nadu Gaming and Police Laws (Amendment) Act, 2021 which imposes a ban on playing of games such as rummy an.....

Tags : Madras High Court, Tamil Nadu's Law Banning Online Games with Stakes

Delhi High Court: Finance Ministry Dept's Fine on Banks Reversed(09.09.2019)

Delhi High Court has dismissed 15 appeals by the Financial Intelligence Unit of the Finance Ministry against an order of the Appellate Tribunal of th.....

Tags : Delhi High Court, Banks

NCLAT: NCLT Doesn't Have Power to Classify Transaction As Preferential Transaction(16.05.2022)

National Company Law Appellate Law Tribunal, has observed that NCLT does not have the power to suo-moto classify a transaction as a Preferential Trans.....

Tags : National Company Law Appellate Law Tribunal, Section 44, Insolvency and Bankruptcy Code, 2016, Preferential Transaction

RBI Mandates Online Filing of FDI Forms from February 8(02.02.2016)

Reserve Bank of India (RBI) has asked banks to file forms related to Foreign Direct Investment (FDI) only online on the e-Biz portal from February 8.

Tags : Reserve Bank of India , Foreign Direct Investment

NCLAT: Section 43(1) of IBC applicable when Corporate Debtor has given a preference in transaction(09.12.2024)

National Company Law Appellate Tribunal (NCLAT) has observed that the condition precedent for attracting Section 43(1) of Insolvency and Bankruptcy Co.....

Tags : National Company Law Appellate Tribunal, Insolvency and Bankruptcy Code, 2016

Bombay HC: Wife Best Suited to be Guardian of a Husband in Vegetative State(31.08.2020)

Bombay High Court has held that in a marriage, husband and wife are equal partners and the wife is best suited to be the guardian of her husband who i.....

Tags : Bombay High Court, Guardian of a Husband in Vegetative State

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

Delhi HC Seeks Response on Plea Challenging Provisions of Recovery of Debts and Bankruptcy Act, 1993(13.09.2021)

Delhi High Court has sought response of the Centre on a plea challenging provisions of Recovery of Debts and Bankruptcy Act, 1993 regarding appointmen.....

Tags : Delhi High Court, Provisions of Recovery of Debts and Bankruptcy Act, 1993

Kerala HC Says ‘No ban on Entry of Media Personnel to Court Premises’(17.10.2016)

Kerala HC has issued a press note that said there are no restrictions on entry of media personnel to court premises for reporting purposes.

Tags : Kerala HC, media, ban

Financial Service Providers Outside Purview of Insolvency and Bankruptcy Code: NCLAT(24.10.2018)

National Company Law Appellate Tribunal has held that financial service providers such as non-banking financial companies are outside the purview of t.....

Tags : NCLAT, Financial Service Providers, Insolvency and Bankruptcy Code

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

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

Karnataka High Court Issues Notice to Centre, RBI over Plea to Cancel Axis Bank’s Licence(12.10.2017)

Karnataka High Court on Wednesday ordered issue of notices to the Ministry of Finance and the Reserve Bank of India on a petition seeking cancellation.....

Tags : Karnataka High Court, Axis Bank

Delhi HC: Haryana’s Ban on Transit Violates Basic Rights(11.05.2020)

Delhi High Court has observed that the order by Haryana authorities preventing movement of doctors, nurses, Court staff and trucks to and from Delhi t.....

Tags : Delhi High Court, Haryana's Ban on Transit

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

RBI Relaxes Stressed Asset Restructuring Rules for Banks(14.06.2016)

Reserve Bank of India (RBI) has relaxed guidelines for restructuring of large stressed assets by lenders in a move that would allow the banks to more .....

Tags : Reserve Bank of India , Asset Restructuring Rules

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

Madras HC Directs State to Pay Compensation to Husband of Woman Who Died(02.07.2021)

Madras High Court has directed the State Government to pay Rs. 5,00,000/- compensation to the husband of a woman who died due to non-availability of a.....

Tags : Madras High Court, Compensation to Husband of Woman Who Died

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

RBI: No Cash Withdrawal Limits Post March 13(09.02.2017)

Reserve Bank of India (RBI) has said that cash withdrawal limits, currently in place for savings bank accounts will be removed in two stages, initiall.....

Tags : Reserve Bank of India, Cash Withdrawal

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

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

Bombay HC Dismisses Plea Against Burial of COVID-19 Victims in Bandra Cemeteries(25.05.2020)

Bombay High Court has dismissed the writ Petition filed by few Mumbai residents challenging the permission granted by Municipal Corporation of Greater.....

Tags : Bombay High Court, Bandra Cemeteries

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

SC Stays Madras HC Order That Set Aside Notification Banning Sale of Chewing Tobacco in Tamil Nadu(26.04.2023)

Supreme Court has stayed the Madras High Court’s order setting aside notification imposing a ban on sale of Gutka, Pan Masala, flavoured or scented fo.....

Tags : Supreme Court, Chewing Tobacco, Ban, Sale

RBI Bans Investments in ‘Non-cooperative Countries’(27.01.2017)

Reserve Bank of India (RBI) has prohibited Indian entities from making direct investments in any entity located in 'non co-operative countries and ter.....

Tags : Reserve Bank of India, Non-cooperative Countries, investments

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

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

Allahabad HC Enquires Over Woman Harassed Being Forced to Return to Husband(09.07.2021)

Allahabad High Court has called for an explanation from Senior Superintendent of Police, Aligarh, and the Superintendent of Police, Kasganj as to why .....

Tags : Allahabad High Court, Woman Harassed Being Forced to Return to Husband

RBI Cancels Rs 9k crore T-bill Auction(28.01.2016)

Reserve Bank of India (RBI) has cancelled a Rs 9,000-crore auction of Government's 91-day Treasury Bills (T-bills) as it was not willing to accede to .....

Tags : Reserve Bank of India, T-bills

Del. HC: Wife Taking Recourse of Law Doesn’t Amount to Cruelty Against Husband(28.07.2023)

Delhi High Court has held that merely because estranged wife had taken recourse to law by initiating legal action before a court of law against husban.....

Tags : Delhi High Court, Cruelty, Husband

SEBI Fines ICICI Bank, Compliance Officer Rs 12 lakh for Disclosure Lapses(13.09.2019)

SEBI has levied a total fine of Rs 12 lakh on ICICI Bank Ltd and its compliance officer for disclosure lapses, including delayed disclosure of binding.....

Tags : SEBI, ICICI Bank

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

SC Denies Bail to Yes Bank Founder Rana Kapoor in PMLA Case(07.08.2023)

Supreme Court while observing that while the period undergone by accused is substantial, but this is a case that rocked the entire banking system, has.....

Tags : Supreme Court, Yes Bank, Bail, PMLA

Del HC: Serving Grounds of Arrest in Writing to be Applicable from Date of Pankaj Bansal Ruling(21.02.2025)

Delhi High Court has held that the mandate of serving grounds of arrest in writing to an arrestee under UAPA will be applicable to the arrests from th.....

Tags : Delhi High Court, Pankaj Bansal Ruling, Grounds of Arrest

Madras High Court Allows Welcome Banners to be Put Up for Modi-Xi Summit(04.10.2019)

Madras High Court has permitted the State Government to erect banners from the Chennai airport till Mahabalipuram town (60kms away) to welcome Prime M.....

Tags : Madras High Court, Banners

Supreme Court Says BHU ‘Curfew Timings’ Are for Safety of Girl Students(05.01.2018)

Supreme Court has refused to examine the validity of Banaras Hindu University (BHU) rules that fixed a deadline for girl students on staying outside t.....

Tags : Supreme Court, Banaras Hindu University

Madras High Court Dismisses Plea Seeking Ban on Chanting of Mantras in Tamil in Temples(06.09.2021)

Madras High Court has rejected a Public Interest Litigation (PIL) seeking directions to be issued to the Tamil Nadu government to withdraw the 'Annai .....

Tags : Madras High Court, Ban on Chanting of Mantras in Tamil in Temples

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

SC: Can’t Prosecute Directors to DBS Bank for Acts of Lakshmi Vilas Bank Before Amalgamation(12.09.2023)

Supreme Court has held that DBS Bank and its directors cannot be held criminally liable for actions attributed to directors of Lakshmi Vilas Bank befo.....

Tags : Supreme Court, DBS Bank, Lakshmi Vilas Bank, Amalgamation, Criminal Liability

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

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

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

Bombay High Court Scraps 97 of 99 Allotments Under Urban Land Ceiling Norms(16.03.2017)

Bombay High Court has scrapped 97 of 99 allotments made between 1990 and 2007 of land declared surplus under Urban Land Ceiling Act (ULCA) in Nagpur.

Tags : Bombay High Court, Urban Land Ceiling Act

Madras HC Refuses to Stay Release of 'The Kerala Story' Movie(05.05.2023)

Madras High Court has dismissed the PIL seeking to ban the release of 'The Kerala Story' Movie and observed that without watching the movie it cannot .....

Tags : Madras High Court, The Kerala Story, Ban

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

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

Madhya Pradesh High Court Stays RBI Circular on Urban Cooperative Banks(06.09.2021)

Madhya Pradesh High Court has stayed a circular issued by the Reserve Bank of India (RBI) on June 25 which laid down several conditions related to Urb.....

Tags : Madhya Pradesh High Court, RBI Circular on Urban Cooperative Banks

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

Highway Booze Ban: SC Exempts Arunachal Pradesh, Andaman-Nicobar Islands(13.07.2017)

Supreme Court has relaxed 500-metre cap on liquor vends across the national and state highways in Arunachal Pradesh and Andaman and Nicobar Islands.

Tags : Supreme Court, Highway Liquor Ban

SC Dismisses Bilkis Bano's Review Petition Against Judgment Allowing Remission of Convicts'(19.12.2022)

Supreme Court has dismissed review petition filed by Bilkis Bano seeking review of judgment which held that Gujarat Government had the jurisdiction to.....

Tags : Supreme Court, Bilkis Bano, Gangrape, Remission

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

Calcutta HC: No Activity Involving Human Intervention to Take Place in Sundarban Biosphere Area(17.03.2021)

Calcutta High Court has directed to prohibit all activities in the areas, namely, Sundarban Biosphere Area, Sundarban Tiger Reserve, and the adjoining.....

Tags : Calcutta High Court, Sundarban Biosphere Area

Kerala HC: Right of Creditor to Have Bank Guarantee Invoked Only During Currency of Bank Guarantee(29.04.2021)

Kerala High Court has held that the right of a creditor to have the Bank Guarantee invoked is only during the currency of the Bank Guarantee and not d.....

Tags : Kerala High Court, Bank Guarantee

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

Ker. HC: Translocation of Arikomban Not Answer to Man-Animal Conflicts(04.05.2023)

Kerala High Court in case pertaining to rogue elephant 'Arikomban', observed that lack of proper waste management is a reason for increasing incidents.....

Tags : Kerala High Court, Arikomban, Man-Animal Conflicts

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

Delhi HC: Weak Financial Condition of Party Cannot be Sole Ground to Deposit Security/Bank Guarantee(09.05.2022)

Delhi High Court has ruled that the weak financial condition of a party cannot be the only ground to direct the party to deposit a security or bank gu.....

Tags : Delhi High Court, bank guarantee, arbitration

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

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

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

#Budget2019: 2% Interest Subvention to Farmers Pursuing Animal Husbandry and Fisheries(01.02.2019)

Government has announced 2% interest subvention to farmers pursuing animal husbandry and fisheries and all farmers severely affected by severe natural.....

Tags : #Budget2019, Budget 2019, Farmers Pursuing Animal Husbandry and Fisheries

"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

RBI Permits Lending Institutions to Allow 3-Month Moratorium on Term Loans(27.03.2020)

Reserve Bank of India has announced that all commercial banks and non-banking financial companies are permitted to allow 3-month moratorium on the pay.....

Tags : Reserve Bank of India, 3-Month Moratorium on Term Loans

Madras HC: State Vicariously Liable for Neglect, Compensation Granted to Man for Injuries Upheld(25.01.2024)

Madras High Court while upholding an order granting compensation to a man who suffered injuries during a bandh, has held that State would be vicarious.....

Tags : Madras High Court, Vicarious Liability, Bandh

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

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

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

SC Declares Noida As Operational Creditor Under IBC(18.05.2022)

Supreme Court has ruled that the NOIDA is an operational creditor under the provisions of the Insolvency and Bankruptcy Code, 2016 (IBC).

Tags : Supreme Court, NOIDA, Insolvency and Bankruptcy Code, 2016, creditor

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

NCLAT: Dissenting Financial Creditor Entitled to Liquidation Value of its Secured Interest only(28.10.2024)

The National Company Law Appellate Tribunal (NCLAT) has observed that as per Section 30(2)(b) of Insolvency and Bankruptcy Code, 2016 (IBC), a dissent.....

Tags : National Company Law Appellate Tribunal, Section 30(2)(b), Insolvency and Bankruptcy Code, 2016

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

NCLAT: Threshold of Rs.1 Crore Is Required for Initiation of CIRP(12.05.2022)

National Company Law Appellate Tribunal (NCLAT) has ruled that an application filed after 24.03.2020 under Section 7 of the Insolvency and Bankruptcy .....

Tags : National Company Law Appellate Tribunal, Section 7, Insolvency and Bankruptcy Code, 2016, threshold, One Crore

Bombay High Court: HDIL, its Promoters have to Repay Loan to PMC Bank(20.12.2019)

Bombay High Court has observed that HDIL and its promoters will have to repay their loan to crisis-hit Punjab and Maharashtra Cooperative (PMC) Bank a.....

Tags : Bombay High Court, PMC Bank

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

NCLAT: Salary Incrementation is Valid by Employment Agreement or Board Resolution(16.05.2022)

National Company Law Appellate Tribunal, (NCLAT) has observed that salary incrementation is valid only by an employment agreement or board resolution .....

Tags : National Company Law Appellate Tribunal, Insolvency and Bankruptcy Code, 2016, Section 9

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

AP HC Issues Notice on Imposition of Blanket Ban on Stage Play Chintamani(03.02.2022)

Andhra Pradesh High Court has issued notices be served on the government, CEO of the AP State Creative and Culture Commission and AP Arya Vysya Mahasa.....

Tags : Andhra Pradesh High Court, Blanket Ban on Stage Play Chintamani

SC Stays Chhattisgarh HC Order Granting Partial Interim Relief to Pharmacy Colleges(09.02.2022)

Supreme Court has stayed the order of Chhattisgarh High Court granting partial Interim Relief to Pharmacy colleges challenging the 5-year ban imposed .....

Tags : Supreme Court, Pharmacy Colleges Ban

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

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

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

SC Upholds Arbitration Award in Favour of Anil Ambani Group Firm(10.09.2021)

Supreme Court has upheld a 2017 arbitration award worth over Rs 2,782 crores along with further interest in favour of Anil Ambani group firm, Delhi Ai.....

Tags : Supreme Court, Anil Ambani Group Firm

Delhi HC Seeks Centre’s Reply over Immediate Ban on 19 Pesticides(17.10.2016)

Delhi HC has asked the Centre to file its opinion over a plea seeking an immediate ban on 19 pesticides as recommended by an expert panel on ground th.....

Tags : Delhi HC, ban, pesticides. carcinogenic

SC: Non Banking Cooperative Society Providing Credit to Members Eligible for Section 80P Deduction(15.09.2023)

Supreme Court has held that a co-operative society that is not a co-operative bank under Section 56 of Banking Regulation Act, 1949, then such society.....

Tags : Supreme Court, Cooperative Society, Banking, Deduction

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

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

Chhattisgarh HC: Existence of Serious Dispute Between Husband and Wife Not Prerequisite for Divorce(21.09.2021)

Chhattisgarh High Court has held that the existence of a serious dispute between husband and wife is not a prerequisite for the grant of divorce by mu.....

Tags : Chhattisgarh High Court, Existence of Serious Dispute Between Husband and Wife

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

SC: Bombay High Court Verdict Upholding Hijab Ban in College Challenged(06.08.2024)

A plea challenging verdict of Bombay High Court upholding the ban imposed on the wearing of hijab, nakab, burkha, stole, cap, etc., by students on cam.....

Tags : Supreme Court, Bombay High Court, Hijab Ban, Private College

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

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

SC: NBFCs Cannot be Regulated by State Enactments(11.05.2022)

Supreme Court has ruled that state laws cannot govern Reserve Bank of India-regulated non-banking financial companies (NBFCs). The top court stated th.....

Tags : Supreme Court, Non-banking financial companies, Reserve Bank of India

SAT Refuses Relief to Axis Bank in Karvy Case, Asks it to Approach SEBI(18.12.2019)

Securities Appellate Tribunal has refused relief to Axis Bank in the Karvy case. The private lender had approached the Tribunal seeking the shares ple.....

Tags : SAT, Axis Bank

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

NCLAT: Insolvency Cannot be Initiated on Basis of Unpaid LTC And Leave Encashment Dues(16.05.2022)

National Company Law Appellate Tribunal, has ruled that the welfare claims such as Leave Encashment, superannuation dues are not operational debt for .....

Tags : National Company Law Appellate Tribunal, Leave Encashment, Corporate Debtor, Section 9, Insolvency & Bankruptcy Code, 2016, superannuation dues

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

Delhi HC: Husband’s Changed Circumstances Must be Considered While Determining Maintenance(13.06.2022)

Delhi High Court has held financial capacity of the husband with reasonable expenses for his own maintenance, and dependant family members whom he is .....

Tags : Delhi High Court, Maintenance, Husband

Del. HC to Centre: Expeditiously Decide Plea Seeking to Ban Licence for Keeping Dangerous Dogs(07.12.2023)

Delhi High Court has directed the Central Government to expeditiously decide within three months, a plea seeking to cancel and ban the license for kee.....

Tags : Delhi High Court, Dangerous Dogs, Ban

Mad. HC: Can’t Keep a Shop Closed Forever Merely Because it had Banned Tobacco Product for Sale(04.01.2024)

Madras High Court while observing that sealing a shop affects the right to livelihood of a person guaranteed under Article 19(1)(g) of the Constitutio.....

Tags : Madras High Court, Shop, Livelihood, Banned Tobacco Products

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

Delhi HC Asks Kunal Kamra to Move Appropriate Authority with Challenge Against Travel Ban(20.03.2020)

Delhi High Court has refused to entertain the Petition filed by the comedian, Kunal Kamra challenging the travel ban imposed on him by Indigo Airlines.....

Tags : Delhi High Court, Kunal Kamra, Travel Ban

Delhi HC Grants Bail to Yes Bank's Former MD Rana Kapoor in Money Laundering Case(25.11.2022)

Delhi High Court has granted bail to Yes Bank co-founder Rana Kapoor in a money laundering case being probed by Enforcement Directorate with regard to.....

Tags : Delhi High Court, Bail, Yes Bank

RBI Maintains Status Quo, Keeps REPO Rate Unchanged at 6.25%(07.06.2017)

Reserve Bank of India (RBI) has held on to policy rate at 6.25 percent in its monetary policy review on June 7, 2017, the second bi-monthly review for.....

Tags : Reserve Bank of India, REPO Rate

Karnataka HC Upholds Order Banning Sand Extraction from Rivers During Rainy Seasons(19.05.2021)

Karnataka High Court has upheld the order of the Department of Mines and Geology prohibiting sand extraction from rivers during rainy season, observin.....

Tags : Karnataka High Court, Order Banning Sand Extraction from Rivers

Bombay HC Grants Interim Stay on Week-Long Ban on Care World TV Channel(09.11.2016)

Bombay High Court has granted interim stay on week-long Government ban on Care World TV Channel for allegedly showing objectionable content.

Tags : Bombay High Court, Care World TV Channel, ban

SC: Under NDPS Act, ‘Ganja Seeds’ are Not a Banned Contraband(28.04.2023)

Supreme Court while granting bail to a man accused of supplying ganja seeds for cultivation, has observed that as per NDPS Act, Ganja seed is not a ba.....

Tags : Supreme Court, NDPS Act, Ganja Seeds, Banned, Contraband

SC Stays NCLAT Order That Said Limitation Act Doesn’t Apply To Proceedings Under IBC(11.01.2018)

Supreme Court has stayed the order of the National Company Law Appellate Tribunal which said the provisions of the Limitation Act were not applicable .....

Tags : Supreme Court, Insolvency and Bankruptcy Code

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

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

RBI to Banks: Provide Loans to Women SHGs at 7%(26.08.2016)

Reserve Bank of India (RBI) has asked banks to provide loans to women self-help groups (SHGs) at 7 per cent per annum, as per the government's revised.....

Tags : Reserve Bank of India, self-help groups

Supreme Court: Money Deposited by Customer in Bank is Not Held as Trustee(28.12.2021)

Supreme Court has observed that the money that is deposited by the customer in the bank is not held by it as a trustee but it becomes a part of the ba.....

Tags : Supreme Court, Money Deposited by Customer in Bank

All. HC: It’s an Obligation of Bank Officials to Fully Co-operate in Criminal Investigations(29.04.2024)

Allahabad High Court has observed that bank officials are expected to be law-abiding citizens who are under an obligation of law to cooperate in crimi.....

Tags : Allahabad High Court, Criminal Investigations, Bank Officials

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

Bombay HC Rejects Intervention Application of Godhra Riots Survivor(27.10.2016)

Bombay High Court while rejecting Intervention Application (IA) filed by Bilkis Bano, survivor of a gang-rape and witness to murder of her family, in .....

Tags : Bombay High Court, Intervention Application, Bilkis Bano, Godhra riots

SC Stays Uttarakhand HC Order Banning Fatwas(15.03.2023)

Supreme Court has made absolute the interim stay on the Uttarakhand High Court’s order that banned religious outfits and statutory panchayats/local pa.....

Tags : Supreme Court, Fatwas, Ban, Stay

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

Delhi HC Upholds CIC Order Denying Information to Husband About Complaints Filed by Estranged Wife(31.08.2021)

Delhi High Court has upheld an order passed by Central Information Commission denying information to a husband about complaints lodged by his estrange.....

Tags : Delhi High Court, Information to Husband About Complaints Filed by Estranged Wife

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

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

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

RBI Grants Approval for First Conversion from Urban Cooperative Bank to Small Finance Bank(07.01.2020)

Reserve Bank of India has granted ‘in-principle’ approval to Saharanpur-based, Shivalik Mercantile Cooperative Bank to convert from an Urban Cooperat.....

Tags : RBI, Small Finance Bank

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

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

Court of Arbitration for Sport Cuts Down Four-Year Ban on Russia from World Athletic Events(18.12.2020)

Court of Arbitration for Sport has cut the four-year ban on Russia competing in international athletic competition because of its state-sponsored dopi.....

Tags : Court of Arbitration for Sports, Ban on Russia from World Athletic Events

Press Release regarding draft regulations under FEMA and directions to Authorised Dealer banks(02.07.2024)

Over the years, the Reserve Bank has been progressively liberalising policies governing foreign exchange transactions, under FEMA, 1999. In continuati.....

Tags : FEMA, Reserve Bank

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

RBI: Rs. 2000 Notes Withdrawn from Circulation; Will Continue as Legal Tender(22.05.2023)

Reserve Bank of India in pursuance of its Clean Note Policy has announced the withdrawal of Rs. 2000 banknotes from circulation. The notes to be conti.....

Tags : Reserve Bank of India, Clean Note Policy, Rs. 2000, Legal Tender

Apex Court Directs Bank to Compensate School who Lost Money in Online Banking Fraud(20.12.2019)

Apex Court has directed a Bank to give compensation of Rs 25 Lakhs to a school whose money from the bank account was siphoned out by the miscreants. T.....

Tags : Apex Court, Online Banking

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

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

Insolvency Proceedings Initiated Against Himalayan Mineral Water by NCLT(11.06.2024)

National Company Law Tribunal (NCLT) on a plea by Jammu and Kashmir Bank has ordered initiation of insolvency proceedings against Himalayan Mineral Wa.....

Tags : NCLT, Jammu and Kashmir Bank, Himalayan Mineral Water

P&H HC: Even Professional Beggar has Moral & Legal Liability to Maintain His Wife(30.03.2023)

Punjab and Haryana High Court has observed that a husband has got a moral and legal liability to maintain his wife unable to maintain herself, even if.....

Tags : Punjab and Haryana High Court, Maintain, Beggar, Husband

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

SC Sets Aside Bail Condition to Furnish Bank Guarantee(14.06.2023)

Supreme Court has set aside a bail condition imposed by High Court to furnish Bank Guarantee worth Rs. 2 Crore by the accused and modified the same by.....

Tags : Supreme Court, Bank Guarantee, Bail Bond

Calcutta HC Dismisses Bail Plea by Bangladeshi National(20.04.2020)

Calcutta High Court has denied bail to a Bangladeshi national, who has been in custody for 270 days, arrested under Sections 411 and 414 of the Indian.....

Tags : Calcutta High Court, Bail Plea by Bangladeshi National

J&K&L HC: No Previous Sanction Required to Prosecute Bank Officials Regarding IPC/RPC Offences(17.05.2022)

Jammu and Kashmir and Ladakh High Court has observed that there is no need to obtain the previous sanction to prosecute bank officials in connection w.....

Tags : Jammu and Kashmir and Ladakh High Court, bank, Indian Penal Code, 1860, Ranbir Penal Code, 1932

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

Manipur HC to State: Lift Internet Ban on Leased Line Connections(10.07.2023)

Manipur High Court has directed the State to lift the ban on the Internet Lease Line connections after ensuring that all the stakeholders have complie.....

Tags : Manipur High Court, Internet, Ban

Calcutta HC Issues Notice in Mamata Banerjee's Election Petition Against Nandigram Results(15.07.2021)

Calcutta High Court has issued notice to Suvendu Adhikari, the elected candidate of BJP on the election petition filed by West Bengal Chief Minister M.....

Tags : Calcutta High Court, Suvendhu Adhikari, Mamata Banerjee, Nandigram Election Results

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

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

MP HC Dismisses Plea Challenging Ban on Inter- State Bus Transportation Amid Covid -19(16.08.2021)

Madhya Pradesh High Court has dismissed a plea challenging ban on inter-state bus transportation amid Covid-19, by observing that prohibition on vehic.....

Tags : Madhya Pradesh High Court, Ban on Inter- State Bus Transportation

Calcutta HC Restrains Special Audit of Bank Headed by BJP MLA Suvendu Adhikari(19.07.2021)

Calcutta High Court has held that the West Bengal government's Co-operative Department shall not conduct a special audit of the Contai Cooperative Ban.....

Tags : Calcutta High Court, Special Audit of Bank Headed by BJP MLA Suvendu Adhikari

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

CIVIL - Sikkim HC Stays Bandh Called by Sikkim Krantikari Morcha(27.02.2019)

Sikkim High Court has barred, in an interim order, state's opposition party, Sikkim Krantikari Morcha (SKM), from going ahead with its proposed bandh .....

Tags : Sikkim High Court, Bandh Called by Sikkim Krantikari Morcha

Guj. HC: Promissory Estoppel Applies if Customer Acts on Basis of Bank's One Time Settlement Scheme(12.07.2022)

Gujarat High Court has held that once a customer acts on the basis of offer made by a Bank under its One Time Settlement scheme, the principle of prom.....

Tags : Gujarat High Court, Promissory Estoppel, Bank

SC Notices Maharashtra Govt. over Beef Ban(02.09.2016)

SC has issued notice to Maharashtra Government on its complete ban on beef and its export in the State.

Tags : SC, Beef Ban

SC Stays Madhya Pradesh HC’s Ban on Election Rallies(27.10.2020)

Supreme Court has stayed a Madhya Pradesh High Court order which had directed virtual campaigning for assembly by-elections in Madhya Pradesh, overrid.....

Tags : Supreme Court, Ban on Election Rallies

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

MP HC Directs Police to Take Action against Companies Wholesaling Banned Contraband Drugs Online(23.01.2025)

Madhya Pradesh High Court has directed the police and Narcotic Bureau as well as Drug Controller to take immediate action against the owner/stake hold.....

Tags : MP High Court, Narcotic Bureau, Contraband Drugs

NCLAT: In absence of privity of contract, application u/s 9 of IBC not maintainable(28.03.2025)

The National Company Law Appellate Tribunal (NCLAT) has observed that where there is no privity of contract or any sort of Debtor-Creditor relationshi.....

Tags : Privity of contract, Maintainability of application, Debtor-Creditor relationship, the Insolvency and Bankruptcy Code, 2016

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

SC Upholds Rajasthan HC Order Dismissing PIL Seeking Ban on ‘Dream 11’ Game(05.08.2021)

Supreme Court has upheld a Rajasthan High Court order dismissing a Public Interest Litigation that sought ban of online game known as "Dream 11".

Tags : Supreme Court, Ban on ‘Dream 11’ Game

SC: Bail Cannot be Granted Merely on Finding of Absence of Possession of Contraband(23.09.2021)

Supreme Court has observed that bail cannot be granted to an accused under Narcotic Drugs and Psychotropic Substances Act, 1985 merely on a finding of.....

Tags : Supreme Court, Absence of Possession of Contraband

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

RBI Raises Withdrawal Limit to Rs. 40,000 for PMC Bank Account Holders(15.10.2019)

Reserve Bank of India has raised withdrawal limit for account holders of the stressed Punjab and Maharashtra Co-Operative Bank to Rs. 40,000 from ear.....

Tags : RBI, PMC Bank

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

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

SC Issues Notice on Plea Seeking Absolute Ban on Use of Sanitization Tunnels(10.08.2020)

Supreme Court has issued notice to Union of India on a Public Interest Litigation seeking complete ban on sanitization tunnels being used across the c.....

Tags : Supreme Court, Ban on Use of Sanitization Tunnel

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

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

CESTAT, Delhi Directs Department to Allow Refund of Excise Duty Paid by Ray-Ban India(06.07.2021)

Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Delhi has directed the central excise department to allow refund of excise duty paid by t.....

Tags : Customs, Excise and Service Tax Appellate Tribunal, Ray-Ban India

RBI Operationalise CFR(22.01.2016)

Reserve Bank of India (RBI), in order to minimize frauds, has operationalised a Central Fraud Registry (CFR) with effect from January 20.

Tags : Reserve Bank of India, Central Fraud Registry

Del. HC: Law Doesn’t Permit Husband to Take Wife's Household Articles Without Her Consent(04.01.2023)

Delhi High Court while denying pre-arrest bail to a man in a complaint lodged by his wife alleging that her household articles were stolen while she w.....

Tags : Delhi High Court, Husband, Wife, Consent

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

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

RBI Allows Banks to Raise Funds Via Masala Bonds(04.11.2016)

Reserve Bank of India (RBI) has allowed banks to issue Rupee-Denominated Bonds, or Masala Bonds, in overseas market to shore up their capital base as .....

Tags : Reserve Bank of India , Masala Bonds

Delhi HC: Not Bank’s Responsibility to Get Real Estate Project Completed(16.03.2023)

Delhi High Court while observing that banks can’t be loaded with responsibility of getting real estate projects completed, has held that it is for the.....

Tags : Delhi High Court, Real Estate, Bank

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

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

Bombay HC: Account Holder Not Liable For Unauthorized Transactions Due To Third Party Breach(17.06.2024)

Bom. HC while directing Bank of Baroda to refund Rs. 76,90,017 to a company who lost the amount in a cyber fraud involving unauthorized electronic ban.....

Tags : Bombay High Court, OTP, Bank of Baroda

All. HC to State: Upload OBC Commission's Report on its Website in 4 Days(07.04.2023)

Allahabad High Court has directed State government to upload on its website the report prepared by the dedicated Uttar Pradesh Backward Classes Commis.....

Tags : Allahabad High Court, OBC Commission, Report, Urban Local Body

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

HP HC Upholds Guidelines by NABARD Regarding Appointment of Auditors for Cooperative Banks(26.06.2023)

Himachal Pradesh High Court has upheld guidelines issued by NABARD regarding the appointment of statutory auditors for Cooperative Banks and observed .....

Tags : Himachal Pradesh High Court, Guidelines, NABARD, Cooperative Banks

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

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

SC Refuses Urgent Listing for Plea Against Firecrackers Ban in Delhi-NCR(13.10.2022)

Supreme Court while refusing to grant urgent listing for matter pertaining to bursting of green crackers on Diwali, has stated that the matter shall b.....

Tags : Supreme Court, Urgent Listing, Firecracker Ban

Supreme Court: Time Constraints of Land Acquisition are Not Applicable to BDA Act(06.08.2018)

Supreme Court, while reiterating that the time constraints of land acquisition are not applicable to Bangalore Development Authority Act, has set asid.....

Tags : Supreme Court, Bangalore Development Authority

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

NCLAT: Initiation Of CIRP Not A Pre-Requisite To Initiate IRP Against The Personal Guarantor(28.01.2022)

NCLAT has held that initiation of Corporate Insolvency Resolution Process is not a pre-requisite to initiate Insolvency Resolution Process (IRP) again.....

Tags : Insolvency and Bankruptcy Code, NCLAT, Corporate Insolvency Resolution Process

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

SC to Bank: ‘You Don't Go After Big Fish, But You Harass Poor Farmers’(17.05.2022)

Supreme Court has pulled up the Bank of Maharashtra for challenging an order of the Madhya Pradesh High Court directing it to accept the One Time Sett.....

Tags : Supreme Court, Bank of Maharashtra, One Time Settlement, Madhya Pradesh High Court

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

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

HP High Court Denies Bail to Husband Accused of Posting Nudes of Wife(29.10.2020)

Himachal Pradesh High Court has denied the benefit of Anticipatory Bail to a Husband accused of posting and uploading nude photographs of his wife in .....

Tags : Himachal Pradesh High Court, Husband Accused of Posting Nudes of Wife

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

Kerala HC: Bank Account Can be Attached under Section 281B of IT Act(29.01.2025)

Ker. HC has observed that the mere fact that Bank account is not explicitly provided under Section 281B of the IT Act, 1961 unlike the GST Act, 2017 w.....

Tags : Kerala High Court, Bank Account, Section 281B

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

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

CIC: Husband Not Entitled to Seek Information Regarding Bank Details & ITR of His Wife(25.01.2021)

Central Information Commission has said that a husband is not entitled to seek information regarding bank details & income tax returns of his wife und.....

Tags : Central Information Commission, Bank Details and ITR of Wife

Supreme Court: Any Direction Issued by RBI Derived from Statutory Power is Binding(05.01.2022)

Supreme Court has stated that Reserve Bank of India (RBI) has wide supervisory powers over financial institutions like SIDBI, in furtherance of which,.....

Tags : Supreme Court, Reserve Bank of India, Supervisory Powers

Madras HC Grants Interim Relief to Singer 'Mahanadhi' Shobana in Copyright Infringement Suit(11.03.2020)

Madras High Court has restrained Symphony Recording Company Ltd from distributing, manufacturing or selling the songs of the famous Tamil singer 'Maha.....

Tags : Madras High Court, 'Mahanadhi' Shobana

Delhi HC Seeks Response in Bail Plea Filed by Yes Bank Founder in Money Laundering Case(17.02.2022)

Delhi High Court has sought response of the Enforcement Directorate in the bail plea filed by Yes Bank founder Rana Kapoor in a money laundering case .....

Tags : Delhi High Court, Yes Bank Founder, Money Laundering Case

SEBI Allows Payments Banks to Carry Out Activities of Investment Bankers(04.08.2021)

Securities and Exchange Board of India has allowed payments banks to carry out the activities of investment bankers to provide easy access to investor.....

Tags : Securities and Exchange Board of India, Activities of Investment Bankers

Bank Scam: Supreme Court Refuses to Stop Probe Against Ajit Pawar and Seventy Others(02.09.2019)

Supreme Court has refused to interfere with the Bombay High Court's direction for the police to register an FIR against NCP leader Ajit Pawar and over.....

Tags : Supreme Court, Bank Scam

Rajya Sabha Passes Insolvency and Bankruptcy Code Amendment Bill(03.01.2018)

Rajya Sabha has passed the Insolvency and Bankruptcy Code (Amendment) Bill, 2017, which bars unscrupulous persons from misusing the provisions of the .....

Tags : Rajya Sabha, Insolvency, Bankruptcy

SC Allows Caretaker Trust to Operate Bank Accounts Towards Philanthropic Causes(22.10.2020)

Supreme Court has allowed the Maharawal Khewaji Trust that manages the Rs 20,000 Crores worth property of the last ruler of the erstwhile princely sta.....

Tags : Supreme Court, Operation of Bank Accounts

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

Telangana HC: Scrutiny By IT Department Barred For The Period Covered By The Resolution Plan(28.01.2022)

Telangana High Court has observed that for the period covered by the Resolution Plan, Income Tax Department cannot carry out any scrutiny or assessmen.....

Tags : Income Tax Act, Insolvency and Bankruptcy Code, Corporate Debtor, Financial Creditor

SC: Bank Officers Dealing in Public Money to be Vigilant(09.02.2021)

Supreme Court has said bank officers dealing in public money need to be vigilant and any deviation from the procedural guidelines for disbursing loans.....

Tags : Supreme Court, Bank Officers Dealing in Public Money

Calcutta HC Issues Notice on Questions Related to Aviation Security of CM Mamata Banerjee(22.03.2022)

Calcutta High Court has sought the Centre's response on questions related to aviation security of West Bengal chief minister Mamata Banerjee. The Cour.....

Tags : Calcutta High Court, Aviation Security of CM Mamata Banerjee

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

Union’s Circular Banning Twenty-Three Breeds of Dogs Banned by Karnataka High Court(11.04.2024)

Karnataka High Court has quashed the circular issued by Union Ministry of Fisheries, Animal Husbandry and Dairying Department that banned twenty-three.....

Tags : Karnataka High Court, Twenty-Three Breeds, Dogs Banned

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

DGFT: Importer Not Required to Furnish Quarterly Returns for Import of Water-Mark Bank Note Paper(14.07.2021)

Director-General of Foreign Trade (DGFT) has notified that the importer is no longer required to furnish quarterly returns for import of Water-mark Ba.....

Tags : Director General of Foreign Trade, Import of Water-Mark Bank Note Paper

SC: If Prosecution Fails to Disprove Accused’s Plea of Alibi then Conviction Won’t be Justified(10.04.2025)

Supreme Court while setting aside a husband’s conviction for murdering his wife has observed that conviction is not justified if the husband raised th.....

Tags : Supreme Court, Husband’s Conviction, Plea Of Alibi

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

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

AP HC: Bail Under Section 37 NDPS Act Not Applicable to Non-Commercial Quantity Contraband(16.02.2022)

Andhra Pradesh High Court has granted regular bail to an accused under Narcotics Drugs and Psychotropic Substances Act, 1985, noting that the rigours .....

Tags : Andhra Pradesh High Court, Non-Commercial Quantity Contraband

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

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

Karnataka HC Directs State to Ensure No Protest Held in Bangalore City Except at Freedom Park(04.03.2022)

Karnataka High Court has directed the state government to forthwith ensure that no protest, meetings, processions, etc. are held in the city of Bengal.....

Tags : Karnataka High Court, No Protest Held in Bangalore City

RBI Eases Stressed Asset Resolution Norms(11.11.2016)

Reserve Bank of India (RBI) has eased rules for various stressed asset resolution schemes and expanded scope of a loan recast plan previously limited .....

Tags : Reserve Bank of India , infrastructure sector, Stressed Asset Resolution

NCLAT: No Bar in Pendency of Execution Proceedings u/s 9 IBC(07.04.2022)

National Company Law Appellate Tribunal has observed that the pendency of an execution petition does not bar the operational creditor from filing a pe.....

Tags : National Company Law Appellate Tribunal, execution petition, Section 9 of the Insolvency and Bankruptcy Code, 2016

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

Calcutta HC Directs Rahul Shivshankar in Probe Over 'Defamatory' Audiotape on Abhishek Banerjee(29.06.2021)

Calcutta High Court has directed Times Now news channel's Editor-in-Chief, Rahul Shivshankar to appear through Video Conferencing mode in probe over t.....

Tags : Calcutta High Court, 'Defamatory' Audiotape on Abhishek Banerjee

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

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

RBI Imposes Rs 27-Crore Penalty on 13 Banks for FEMA Violations(28.07.2016)

Reserve Bank of India (RBI) has penalized 13 banks and slapped a fine of Rs 27 crore for violation of Foreign Exchange Management Act (FEMA) provision.....

Tags : Reserve Bank of India , FEMA, banks

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.

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

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

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

Bombay HC Rejects Bail Application of YES Bank Promoter Rana Kapoor(08.02.2021)

Bombay High Court has rejected the bail application of YES Bank promoter Rana Kapoor, a prime accused in the Rs 5050 crore money laundering scam being.....

Tags : Bombay High Court, YES Bank Promoter Rana Kapoor

Madras HC: Notice to Accused Not Necessary for Freezing Bank Account Under Section 102 CrPC(21.03.2022)

Madras High Court has dismissed a plea made by the wife of controversial PUBG gamer Madan seeking the defreezing of her bank account at Axis Bank Limi.....

Tags : Madras High Court, Freezing Bank Account

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

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

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

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

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

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

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.

Kerala High Court Lifts Ban on Online Rummy, Finds It Unconstitutional(27.09.2021)

Kerala High Court has quashed an amendment to a government notification issued under Section 14A of the Kerala Gaming Act, 1960 banning online rummy i.....

Tags : Kerala High Court, Ban on Online Rummy

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

NCLAT Upholds Canara Bank’s Claims for Loans Advanced to CD on behalf of Homebuyers(14.01.2025)

NCLAT New Delhi bench has upheld the claims of Canara Bank for loans advanced to the corporate debtor (CD) on behalf of the Homebuyers for the reason .....

Tags : NCLAT New Delhi, Canara Bank, Corporate Debtor

Allahabad HC: Non-Reporting of Seizure of Bank Account to Magistrate Doesn't Make Seizure Illegal(06.06.2022)

Allahabad High Court has observed that non-reporting of the seizure of a bank account, seized by police under Section 102 Code of Criminal Procedure, .....

Tags : Allahabad High Court, bank account, Illegal

NCLT, Mumbai Initiates Insolvency Process Against Anil Ambani Over Personal Guarantee(24.08.2020)

National Company Law Tribunal, Mumbai has allowed an application filed by State Bank of India to initiate insolvency proceedings against Reliance Comm.....

Tags : National Company law Tribunal, Anil Ambani

SC: Principle of Mutuality not Applicable to Income from Deposits in Member Banks(21.08.2023)

Supreme Court has held that if any income is earned by the Clubs through deposits made by clubs in banks that are members of the club, such income wou.....

Tags : Supreme Court, Principle of Mutuality, Clubs, Banks

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

SC: Direction Can be Issued to Transfer Compensation to Bank Account of Claimants(19.03.2025)

SC has observed that the general practice followed by insurance companies, where compensation is not disputed, is to deposit it before the Tribunal. I.....

Tags : Supreme Court, Compensation, Bank Account

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

RBI Imposes Restrictions on Mastercard from On-Boarding New Customers in India from July 22(15.07.2021)

Reserve Bank of India (RBI) while taking supervisory action on Mastercard Asia / Pacific Pte. Ltd. has imposed the restrictions on Mastercard from On-.....

Tags : Reserve Bank of India, Restrictions on Mastercard from On-Boarding New Customers

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

Allahabad HC Dismisses Husband's Plea to Quash FIR Filed for Causing Injuries to Wife(14.10.2020)

Allahabad High Court has dismissed a plea filed by the husband to quash the First Information Report under Section 307 of the Indian Penal Code, 1860 .....

Tags : Allahabad High Court, Dismissal of FIR, Injuries to Wife by Husband

RBI Proposes Penalties for Banks Failing to Replenish Bank ATMs Within Time(11.08.2021)

Reserve Bank of India (RBI) has proposed penalties for banks and White Label ATM operators if their ATMs are found to be lying without replenishment f.....

Tags : Reserve Bank of India, Penalties for Banks Failing to Replenish Bank ATMs

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

Delhi HC Asks Centre to Submit Its Policy on Social Media Ban in Army(15.07.2020)

Delhi High Court has directed the Central Government to submit in a sealed cover its policy regarding the use of social media by members of armed forc.....

Tags : Delhi High Court, Social Media Ban in Army

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

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

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

Finance Ministry Clarifies that Members of Queer Community Can Open Joint Bank Accounts(30.08.2024)

Ministry of Finance has issued a notification clarifying that members of the queer community can open a joint bank account and can also nominate their.....

Tags : Ministry of Finance, Queer Community, Joint Bank Accounts

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

RBI Extends Debt, Currency Trading Hours from November 9(03.11.2020)

Reserve Bank of India has announced phased restoration of trading hours for various debt as well as currency market from 9th November, 2020.

Tags : Reserve Bank of India, Restoration of Trading hours

SC Issues Notice to Maharashtra on Beef Ban in the State(17.08.2016)

SC has issued notice to Maharashtra Government on a petition challenging a Bombay High Court order permitting consumption of beef brought from states .....

Tags : SC, Beef Ban

RBI Penalizes Fourteen Banks for Non-Compliance with Provisions on Lending to Non-bank Lenders(08.07.2021)

Reserve Bank of India has penalised fourteen banks including State Bank of India, Bank of Baroda, IndusInd Bank and Bandhan Bank for non-compliance wi.....

Tags : Reserve Bank of India, Non-Compliance with Provisions on Lending to Non-bank Lenders

Delhi HC Asks RBI to Submit its Latest Circular on FDI Policy(27.01.2016)

While hearing a public interest litigation seeking a thorough investigation against all firms that have received FDI, Delhi High Court has sought a re.....

Tags : Delhi High Court, Reserve Bank of India, FDI policy

IBBI Amends its Regulations on Information Utilities(20.06.2022)

Insolvency and Bankruptcy Board of India (IBBI) has introduced second round of amendments to the Insolvency and Bankruptcy Board of India (Information.....

Tags : Insolvency and Bankruptcy Board of India, Amendments

SAT Sets Aside Rs 3 Lakh Penalty on Central Bank of India(10.09.2019)

Securities Appellate Tribunal (SAT) has set aside a penalty of Rs 3 lakh levied by markets regulator Securities and Exchange Board of India(SEBI) on C.....

Tags : SAT, Central Bank of India

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

P&H HC: Possession of Contraband Need Not Necessarily Attract NDPS Provisions(07.09.2021)

Punjab and Haryana High Court has reiterated that possession of contraband by a person is not necessary to attract the rigors of the Narcotic Drugs an.....

Tags : Punjab and Haryana High Court, Possession of Contraband

Supreme Court: Insolvency And Bankruptcy Code is Not for Money Recovery Proceedings(28.04.2022)

Supreme Court has reiterated that the provisions of Insolvency and Bankruptcy Code, 2016 are basically intended to bring the corporate debtor to its f.....

Tags : Supreme Court, Insolvency and Bankruptcy Code, 2016

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

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

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

SC to Delhi Police: Cases Against Persons Bursting Firecrackers Not the Solution(15.09.2023)

Supreme Court while observing that filing cases against persons bursting firecrackers may not be the solution as there is no point in taking action af.....

Tags : Supreme Court, Firecracker Ban, Delhi Police

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

SC: Consumer Complaint Against Bank Maintainable Over Dispute on Encashment of FD(23.08.2022)

Supreme Court has held that consumer complaint in a dispute regarding premature encashment of Joint Fixed Deposit by bank in contravention of terms an.....

Tags : Supreme Court, Consumer Complaint, Bank

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

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

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

Reserve Bank of India Rejects Request to Extend Jan 7 Deadline(08.01.2020)

Reserve Bank of India has rejected banks’ demand to extend the January 7 deadline to come up with resolution plans under Inter-Creditor Agreements on .....

Tags : Reserve Bank of India, Deadline

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

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

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

Karnataka High Court Strikes Down Law Banning Online Gaming with Stakes(14.02.2022)

Karnataka High Court has held certain provisions of the Karnataka Police (Amendment) Act 2021, by which the state government had banned online games w.....

Tags : Karnataka High Court, Banning Online Gaming with Stakes.

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

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

Kerala HC Upholds Telecast Ban on MediaOne Channel, Dismisses Appeal Against Judgment(02.03.2022)

Kerala High Court has dismissed the appeal moved by Malayalam news channel MediaOne against the single judge order upholding the recent ban imposed on.....

Tags : Kerala High Court, Ban on MediaOne Channel

RBI: New Rs. 500, 2000 Notes From November 10(09.11.2016)

Reserve Bank of India (RBI) Governor, Urjit Patel has said that Apex Bank will launch new Rs 500 and Rs 2,000 currency notes from November 10.

Tags : Reserve Bank of India, New Rs. 500, 2000 Notes

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

Gujarat High Court: Order of Attachment of Bank Account is Prima Facie without Authority of Law(08.11.2019)

Gujarat High Court has observed that the order of attachment of bank account is prima facie without the authority of law and the order of blocking of .....

Tags : Gujarat High Court, Bank Account

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

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

Delhi HC Rejects PIL Challenging Notifications Permitting Exchange of Rs. 2000 Notes Without ID Proof(29.05.2023)

Delhi High Court has dismissed public interest litigation (PIL) challenging Reserve Bank of India (RBI) and State Bank of India's (SBI) notifications .....

Tags : Delhi High Court,Reserve Bank of India, State Bank of India

ITAT, Mumbai: Data Processing Cost Paid by KBC Bank Branch to Head Office Isn’t Royalty(04.12.2020)

Income Tax Appellate Tribunal (ITAT), Mumbai has upheld the order passed by CIT(A) holding that the Data Processing Cost paid by the KBC Bank Branch t.....

Tags : Income Tax Appellate Tribunal, KBC Bank Branch

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

Supreme Court: No Re-Election in Uncontested Panchayat Seats in WB(24.08.2018)

In a relief for Mamata Banerjee, Supreme Court has turned down the pleas of CPI(M) and BJP seeking cancellation of elections on uncontested local body.....

Tags : Supreme Court, Mamata Banerjee, West Bengal

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.

Delhi HC Dismisses Plea Seeking Declaration of Divorce by Muslim Husband as Unconstitutional(27.09.2021)

Delhi High Court has dismissed a petition seeking declaration to declare the "assumed absolute discretion" of the Muslim husband to give divorce (tala.....

Tags : Delhi High Court, Declaration of Divorce by Muslim Husband

ITAT, Mumbai: Interest Income Earned by HSBC Bank Not Eligible to Tax(14.07.2020)

Income Tax Appellate Tribunal (ITAT), Mumbai has ruled that interest income of Rs 1,498 crore earned by HSBC Bank during the assessment year 2015-16 f.....

Tags : Income Tax Appellate Tribunal, HSBC Bank

Supreme Court Inquires if Convicted Netas Should Get Lifetime Poll Ban(11.09.2020)

Supreme Court has asked the Centre to respond to a new prayer in a pending Public Interest Litigation seeking a life ban on politicians convicted of h.....

Tags : Supreme Court, Lifetime Poll Ban

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

Supreme Court Reiterates Section 18 Limitation Act Is Applicable To IBC Proceedings(19.05.2022)

Supreme Court reiterates that the provisions of Section 18 of the Limitation Act are applicable to proceedings under the Insolvency and Bankruptcy C C.....

Tags : Supreme Court, Insolvency and Bankruptcy Code, 2016, Section 18 Limitation Act

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

Cal HC: For Maint. Strict Proof of Marriage not Required if Couple Living as Husband & Wife for Long(29.11.2024)

Calcutta High Court has held that where a man and woman have been living together as husband and wife for a reasonable long period of time, strict pro.....

Tags : Calcutta High Court, Strict Proof, Husband & Wife

NCLAT Upholds Dismissal of Petition Filed During Prohibited Period(24.05.2022)

National Company Law Appellate Tribunal while adjudicating an appeal has upheld that Corporate Insolvency Resolution Process cannot be initiated over .....

Tags : National Company Law Appellate Tribunal, Corporate Insolvency Resolution Process, Insolvency and Bankruptcy

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

MRTP/ COMPETITION LAWS - CCI Clears SoftBank’s 22.44% Stake Buy in Delhivery(28.02.2019)

Competition Commission of India (CCI) has said it has approved acquisition of 22.44 % stake in logistics firm Delhivery by SoftBank Vision Fund.

Tags : Competition Commission of India, Delhivery, SoftBank Vision Fund

Orissa HC: Possession Not Proved Merely by Sitting in Vehicle from Which Contraband is Seized(13.07.2022)

Orissa High Court has held that a person merely sitting in a vehicle from which contrabands were seized does not necessarily point to the fact that th.....

Tags : Orissa High Court, Possession, Contrabands

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

SC: Bank Employees App. Under SC Quota Entitled to Retain Post After their Caste is De-scheduled(29.08.2024)

SC has held that person who joined service of a Nationalized Bank/GOI undertaking based on a certificate that identified him/her as belonging to SC/ST.....

Tags : Supreme Court, SC Quota, Nationalized Bank

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

Gujarat HC Set Aside Provisional Attachment of Bank Accounts of Person Accused of Tax Evasion(03.11.2020)

Gujarat High Court has quashed the order for provisional attachment of the five bank accounts of a person accused of tax evasion under Section 74(1) o.....

Tags : Gujarat High Court, Provisional Attachment of Bank Accounts

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

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

Karnataka High Court Dismisses PIL Seeking Ban on Online Betting And Gambling(02.11.2021)

Karnataka High Court has dismissed a Public Interest Litigation seeking direction to State government on ban of online betting and gambling, keeping i.....

Tags : Karnataka High Court, Ban on Online Betting And Gambling

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

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

SC: Gujarat Govt's Response in Bilkis Bano Case 'Very Bulky'(19.10.2022)

Supreme Court has said that Gujarat government's response to petitions challenging the remission granted to 11 convicts in the Bilkis Bano case is "ve.....

Tags : Supreme Court , Bilkis Bano, convicts

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

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

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

P&H HC: Husband Not Entitled to Retain Dowry Items After Convicted for Murdering Wife(21.12.2022)

Punjab and Haryana High Court has held that a husband convicted for murdering his wife shall not be entitled to claim ownership over the dowry items r.....

Tags : Punjab and Haryana High Court, Husband, Dowry, Murder

SC: Shifting of Baner Garbage Plant is in Public Interest(09.02.2021)

Supreme Court has observed that given the number of residences around the Pune Municipal Corporation’s wet garbage processing plant on Sus Road in Ban.....

Tags : Supreme Court, Baner Garbage Plant

Madras HC Directs I-T Dept to Attach Bank Accounts of Actor Tadimalla Gautami(24.03.2022)

Madras High Court has directed Income Tax (I-T) department to lift its order attaching six bank accounts of actor Tadimalla Gautami after she pays 25%.....

Tags : Madras High Court, Bank Accounts of Actor Tadimalla Gautami

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

Del HC: Invoking Penalty Proc. Based on NFAC’s Own Failure to Lodge Claim Can’t be Sustained by them(19.04.2024)

Delhi High Court has held that invocation of penalty proceedings that are based on the National Faceless Assessment Centre’s (NFAC) own failure to lod.....

Tags : Delhi High Court, Penalty Proceedings, NFAC, Insolvency and Bankruptcy Code

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

Uttarakhand HC to State: Strictly Enforce Construction Ban in Joshimath(16.01.2023)

Uttarakhand High Court has directed State to strictly enforce ban on construction in subsidence-hit Joshimath town in Chamoli district, and asked auth.....

Tags : Uttarakhand High Court, Joshimath, Construction Ban

ITAT Bangalore Deletes Addition Against Flipkart India(20.06.2019)

Income Tax Appellate Tribunal (ITAT Bangalore) has granted relief to the e-com giants Flipkart India by deleting the additions made by the Income Tax .....

Tags : ITAT Bangalore, Flipkart India

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

Del. HC: Bank Customers Have No Way of Contacting Officials Who Send Emails(22.02.2023)

Delhi High Court while expressing concern over computer generated e-mails sent to customers without mention of contact details of officials under whos.....

Tags : Delhi High Court, Bank, Accountability

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

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

J & K High Court Orders Social Media Platforms to Delete Posts Identifying Bandipora Rape Victim(20.05.2019)

Jammu and Kashmir High Court has ordered Youtube, Facebook and Twitter to remove all posts from their platforms which disclosed the identity of a thre.....

Tags : J & K High Court, Bandipora, Social Media

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

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

SC Wants All Information on Reliance, Sistema, Aircel & Videocon Bankruptcy Cases(21.07.2020)

Supreme Court has asked for all records pertaining to the bankruptcy proceedings of Reliance Communications, Sistema Shyam Teleservices, Aircel and Vi.....

Tags : Supreme Court, Information on Bankruptcy Cases

P&H HC Imposes Cost on Woman for Failing to Provide Reason for Leaving Her Husband(15.09.2020)

Punjab and Haryana High Court has imposed a cost of Rs 25,000 on a woman for failing to explain why she had left her husband against whom she had appr.....

Tags : Punjab and Haryana High Court, Reason for Leaving Husband

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

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

BCI Issues Circular Suggesting Monthly Stipend to Advocates in Urban and Rural Areas(16.10.2024)

BCI has issued a circular making recommendation that junior advocates should be paid a monthly stipend of Rs. 20,000 in urban areas and Rs. 15,000 in .....

Tags : Bar Council of India, Monthly Stipend, Rural Areas, Urban Areas

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

Supreme Court Denies Bank Peon Job for Overqualified Candidate(04.11.2020)

Supreme Court has upheld the cancellation of the candidature of a candidate by Punjab National Bank on the ground that he was overqualified for the po.....

Tags : Supreme Court, Bank Peon Job

RBI Enhances Withdrawal Limits From ATMs From Rs. 4500 to Rs 10,000 Per Day(16.01.2017)

Reserve Bank of India (RBI) has enhanced limit on withdrawals from ATMs from current limit of Rs.4,500 to Rs.10,000 per day per card.

Tags : Reserve Bank of India, Withdrawal Limits, ATMs

CONTEMPT OF COURT - Ericsson case: SC Holds Anil Ambani Guilty of Contempt, Asks Him to Pay Rs. 453 cr or Face Jail(20.02.2019)

Supreme Court has held Reliance Group chairman and its two directors guilty of contempt for willfully not paying Rs. 550 crore to Ericsson and asked A.....

Tags : Supreme Court, Anil Ambani, Erricson Case

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

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

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

Ker. HC: Constitute Committees To Check Unauthorised Use Of Banners And Boards In Public Places(20.10.2022)

Kerala High Court has ordered setting up of committees at the level of every Local-Self Government Institution to tackle the issue of putting of illeg.....

Tags : Kerala High Court, boards, banners

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

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

All. HC to State: Protect Ancient Temples in the Vicinity of Banke Bihari Temple(22.12.2022)

Allahabad High Court has directed Uttar Pradesh Government to protect the ancient temples situated in the vicinity of the Banke Bihari temple in Mathu.....

Tags : Allahabad High Court, Banke Bihari Temple, Revamp

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

SEBI Imposes Fine on Axis Bank for Failure to Make Disclosures(25.03.2022)

Securities and Exchange Board of India has imposed a fine of Rs. 5 lakh on Axis Bank for failing to make requisite disclosures under the merchant bank.....

Tags : Securities and Exchange Board of India, Axis Bank

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

Delhi HC Stays Bank Guarantees' Invocation(21.04.2020)

Delhi High Court has passed an interim order restraining the invocation of bank guarantees, observing that the lockdown was prima facie in the nature .....

Tags : Delhi High Court, Bank Guarantees

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

SC: Provide Highest Z+ Security to Ambani & Family Throughout Indian and Abroad(01.03.2023)

Supreme Court has directed Maharashtra Government and Ministry of Home Affairs to ensure Highest Z+ Security Cover provided to Mukesh Ambani and his f.....

Tags : Supreme Court, Mukesh Ambani, Security

#Bangalore_Blast: Supreme Court Allows Maudany To Attend Son’s Wedding In Kerala(01.08.2017)

Supreme Court has allowed Bangalore blast accused and People’s Democratic Party Chairman Abdul Nazar Maudany , lodged in a Bangalore jail to travel to.....

Tags : Supreme Court, Bangalore blast

Uttarakhand High Court Gives State Govt Six Months to Take Policy Decision on Liquor Ban(30.08.2019)

Uttarakhand High Court has given the State Government six months to formulate a policy to implement provisions of the Excise Act, 1910 which provide f.....

Tags : Uttarakhand High Court, Liquor Ban

Calcutta HC Passes Injunction Order Restraining Activities on River Banks, Alluvial Landscapes Etc(20.04.2021)

Calcutta High Court has passed an order of an injunction restraining any activity on the lands which are river banks or alluvial landscapes or alluvia.....

Tags : Calcutta High Court, Activities on River Banks, Alluvial Landscapes Etc

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

Delhi HC Issues Notice in Plea Seeking Direction to PMC Bank to Allow Withdrawals(21.07.2020)

Delhi High Court has issued notice in a plea seeking a direction to be issued to the Punjab & Maharashtra Cooperative Bank to allow its depositors to .....

Tags : Delhi High Court, Punjab & Maharashtra Cooperative Bank

SC Rejects SBI Plea Seeking Vacation of Stay on Insolvency Proceedings Against Anil Ambani(18.09.2020)

Supreme Court has declined to vacate a stay granted by Delhi High Court towards the ongoing Insolvency and Bankruptcy Code, 2016 proceedings against R.....

Tags : Supreme Court, Anil Ambani

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

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

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

Madras HC Directs Indian Bank to Return to Channai Port Trust Amount Following Fraudulent Transaction(25.08.2021)

Madras High Court has directed Indian Bank, Koyambedu branch, to return to Chennai Port Trust (CPT) Rs. 55.19 crore out of Rs. 100.57 crore that had g.....

Tags : Madras High Court, Indian Bank

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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