14 October 2019


Search Results for Tag : rbi

Judgments

Opposing an interim injunction does not necessarily constitute submitting a first statement on the substance of the dispute(11.08.2015)

Waiver of a right by a party to enforce the arbitration agreement must be gathered from the facts and circumstances of the case. The Court noted that .....

Tags : arbitration, waive, right, first statement

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District courts 'principal civil Court' in Bihar(30.07.2015)

The District Court, not the Subordinate court, have original jurisdiction in Bihar for receiving matters under Section 34 of the Arbitration and Conci.....

Tags : arbitration, civil, original jurisdiction

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Execution of arbitration of arbitral award impermissible without permission of BIFR(08.09.2015)

Mere violation of Indian law is not sufficient to raise an objection for enforcement of the foreign award under Section 48 of the Arbitration Act, 199.....

Tags : Arbitration, sica, foreign, bifr

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Supreme Court dismisses UoI plea to hear arbitration dispute with Reliance(22.09.2015)

Noting the “valiant attempt to reopen a question settled twice over, that is by dismissal of both a review petition and a curative petition on the ver.....

Tags : Arbitration, jurisdiction

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Avitel’s petition against arbitral award dismissed(28.09.2015)

The Bombay High Court dismissed Avitel Post Studioz’ petition under the Arbitration and Conciliation Act, 1996 against arbitral awards passed in 2012 .....

Tags : Arbitration, seat, challenge, exclude, jurisdiction

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Contract must explicitly bar pendente lite interest to prevent arbitral award(16.03.2016)

An Arbitrator cannot award interest pendente lite if the same is barred expressly by contract. The Supreme Court distinguished an explicit contractual.....

Tags : Arbitration, interest, award, pendente lite

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Stalling foreign arbitral award with Indian law rebuked(13.05.2016)

Where parties to a contract choose a seat of arbitration outside India and the law applicable is explicitly not Indian, courts in India do not have ju.....

Tags : Arbitration, abroad, jurisdiction, umpire

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Arbitration tribunal empowered to recall order ‘in the interest of justice’(08.07.2016)

An arbitration tribunal can exercise its inherent powers to “secure the ends of justice”, the Chhattisdarh High Court said, allowing claims that the t.....

Tags : chhattisgarh, arbitration, order, recall, interest of justice

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Court refutes arguments transposing arbitration clause from pricing clause(01.07.2016)

An arbitration clause can be incorporated in a contract where reference to the same is made as part of the contract, the Madras High Court reiterated......

Tags : arbitration, clause, incorporation, contract

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Dispute cannot be decided by arbitrator, when Trust Act provides for sufficient remedies to aggrieved persons by giving them right to approach Civil Court(17.08.2016)

In facts of the present case, since parties could not settle disputes/differences and nor could they agree for appointment of arbitrator amicably, Res.....

Tags : Arbitration application, Maintainability, Remedies, Civil Court

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Two Indian firms may conduct arbitration outside Country and under a foreign law, if there was an agreement to that effect(24.08.2016)

Disputes arose between Appellant and Respondent. Respondent by its letter purported to terminate AGREEMENT-I. Thereafter, Respondent made a request fo.....

Tags : Jurisdiction, Agreement, Arbitration, Assertion

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Agreement to confer exclusive jurisdiction on one of Courts to exclusion of other, neither forbidden by law nor against public policy(04.10.2016)

Instant petition filed by Petitioner against Respondent, Mahindra Logistics Limited, seeking appointment of an Arbitrator to adjudicate disputes betwe.....

Tags : Arbitrator, Appointment, Agreement, Jurisdiction

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Parties to an arbitration agreement have autonomy to decide on both procedural and substantive law(15.12.2016)

In instant case, Parties entered into a contract and disputes arose between them. Contract contained an arbitration Clause and Centrotrade invoked it......

Tags : Arbitration, Procedure, Jurisdiction

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Arbitrator has power to recall his earlier order of termination of proceedings if sufficient cause is shown by claimant(30.12.2017)

By present petition, the Petitioners have prayed for condonation of delay, in filing petition and prays that, the Procedural Order Sheets passed by th.....

Tags : Arbitral proceedings, Termination, Validity

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Once an application under Section 8 of Arbitration and Conciliation Act, 1996 has been filed, Civil Court has no jurisdiction to continue with the suit(28.12.2017)

Plaintiff has filed a suit for recovery of Rs. 2,31,34,553/- for payment made to Defendant in pursuance to the Commercial Buyers Agreement (Buyer's Ag.....

Tags : Dispute, Arbitrator, Reference

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Mere vague averment bereft of material particulars cannot satisfy requirement of pleading mala fide or favoritism(27.07.2018)

Present writ appeal is filed against the order passed by the Writ Court. The Appellants herein are the Respondents before the Writ Court. The Responde.....

Tags : Tender notification, Clause, Arbitrariness

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Intervention of the Court is envisaged only in few circumstances like fraud or bias by the Arbitrators or violation of natural justice(03.10.2017)

The Appellant, in present appeals, has challenged the legality and correctness of the judgment and order passed by High Court of Calcutta. Appellant s.....

Tags : Dispute, Arbitrability, Award, Interest

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When arbitration clause is not applicable to particular work in question, arbitrator cannot be appointed(11.01.2019)

By way of present application filed under Section 11 of the Arbitration and Conciliation Act, 1996, the Petitioner, said to have entered into a contra.....

Tags : Arbitrator, Appointment, Clause

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A party who alleged plea of fraud or coercion is under obligation to prima facie establish same(28.03.2019)

Present appeals have been filed by the Insurance Company assailing the order passed by the High Court appointing an Arbitrator in exercise of power un.....

Tags : Arbitrator, Appointment, Validity

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Court will exercise its power under Section 11(6)(a) of Arbitration Act, only where a party fails to act in accordance with appointment procedure agreed between parties(29.08.2019)

The present petition under Section 11 of the Arbitration and Conciliation Act, 1996 challenges appointment of Mr. R.S. Baswana, District and Sessions .....

Tags : Appointment, Arbitrator, Legality

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Mandate of an Arbitrator "shall terminate" by or pursuant to agreement of parties(25.01.2017)

This is a joint application by both Petitioner and Respondents under Section 14(2) read with Section 15 of Arbitration & Conciliation Act, 1996. Both .....

Tags : Arbitrator, Mandate, Termination

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Averments set up by applicants are expected to be specifically denied by replying party, if there is no specific denial, then such an averment is deemed to have been admitted by the otherside(04.06.2018)

The Applicants have filed instant applications before present Court for the appointment of a sole Arbitrator under Section 11(6) of the J & K Arbitrat.....

Tags : Dispute, Settlement, Arbitrator, Appointment

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There must be a voluntary and intentional relinquishment of a right and voluntary choice is essence of waiver(27.08.2019)

The instant appeal is directed against the final judgment passed by the High Court whereby the High Court while dismissing the Arbitration Petition he.....

Tags : Award, Arbitral proceedings, Termination

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Notifications & Circulars

RBI appoints Smt. Surekha Marandi as New ED(03.01.2017)

The Reserve Bank of India has appointed Smt. Surekha Marandi as Executive Director (ED) consequent upon superannuation of Shri U.S. Paliwal who retire.....

Tags : Appointment, Executive Director, RBI

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RBI releases a Comprehensive Guide for Current Statistics section of the RBI Monthly Bulletin(20.06.2017)

The Reserve Bank of India today, released a Comprehensive Guide for Current Statistics of the RBI Monthly Bulletin. The Current Statistics portion of .....

Tags : RBI, Comprehensive Guide, Current Statistics

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Shri Shaktikanta Das appointed as Governor of RBI(12.12.2018)

Shri Shaktikanta Das, IAS Retd., former Secretary, Department of Revenue and Department of Economic Affairs, Ministry of Finance, Government of India .....

Tags : Governor, RBI, Appointment

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NITI Aayog Organises Workshop on Best Practices in International Arbitration(10.10.2018)

The NITI Aayog and ICC International Court of Arbitration organised the inaugural Training-cum-Brainstorming Workshop on Best Practices in Internation.....

Tags : Workshop, Best Practices, International Arbitration

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Reporting of Transactions by agency banks to RBI(30.11.2017)

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

Tags : RBI, Agency Banks, Transactions

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Constitution of high level committee to review Institutionalization of Arbitration Mechanism in India(29.12.2016)

Justice Dispensing System in India has come under great stress for various reasons including huge pendency of cases in various courts. The injustice i.....

Tags : Committee, Constitution, Arbitration

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Comments invited on the working paper of the high level committee to review the Institutionalisation of Arbitration Mechanism in India by 7 April 2017(16.03.2017)

The Government of India has emphasised the need for promoting arbitration as a preferred dispute resolution mechanism for commercial disputes. Pursuan.....

Tags : Arbitration, Mechanism, Institutionalisation, Review

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

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

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

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Tax on arbitral tribunal services to be borne by recipient(18.05.2016)

Service tax liability for services provided by an arbitral tribunal shall be on the service recipient if it’s a business entity.

The Depar.....

Tags : Service tax, arbitral tribunal, recipient, reverse charge

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RBI to make FEMA compounding orders public(26.05.2016)

The Reserve Bank of India will provide information on compounding orders passed after 1 June 2016.

The step, seen as a further shaming tac.....

Tags : fema, compounding, rbi, order

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RBI’s first monetary policy statement in 2016(05.04.2016)

The Reserve Bank of India reduced its rate under the liquidity adjustment facility to 6.5 per cent and the cash reserve ratio to 90 per cent – a massi.....

Tags : Rbi, interest rates, liquidity

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

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

Tags : rbi, banknotes, 100

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RBI releases Consultation Paper on Peer to Peer Lending(28.04.2016)

The Reserve Bank of India released a Consultation Paper on Peer to Peer Lendin.....

Tags : peer to peer, lending, rbi, crowd-funding

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Enhancing Credit Supply for Large Borrowers through Market Mechanism(12.05.2016)

The Reserve Bank of India released a paper on Framework for enhancing .....

Tags : rbi, large borrower, risk, asset

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RBI issues Master Directions on Foreign Exchange(04.01.2016)

The Reserve Bank of India released 17 Master Directions covering foreign exchang.....

Tags : Rbi, master directions, fema, 2016

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Scheme for Sustainable Structuring of Stressed Assets(13.06.2016)

The Reserve Bank of India formulated a scheme for resolution of large stressed accounts. The Scheme for Sustainable Structuring of Stressed Assets, or.....

Tags : rbi, stressed asset, resolution, sustainable, scheme

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Constitution of Monetary Policy Committee under way(27.06.2016)

The Central government brought in force provisions enabling constitution of the Monetary Policy Committee on 27 June 2016.

The Rules govern.....

Tags : monetary policy committee, members, rbi, inflation

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RBI to issue Rs. 50 Banknotes with Inset 'R' and Numerals in ascending Size(23.09.2015)

The Reserve Bank of India will issue banknotes in Rs. 50 denomination in Mahatma Gandhi Series - 2005, with numerals in both the number panels in asce.....

Tags : Rbi, 50, rupee, note

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RBI Master Direction Risk Management and Inter-Bank Dealings(05.07.2016)

The Reserve Bank of India introduced Master Directions effecting change in the way banks manage risk for national and international borrowers.

.....

Tags : rbi, loan facilities, foreign exchange, risk management

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RBI releases Annual Report of the Banking Ombudsman Scheme(26.11.2015)

The Reserve Bank of India released the Annual Report of the Banking Ombudsman Scheme 2006: 2014-2015. Some highlights include receipt of 85,131 compla.....

Tags : Rbi, ombudsman, complaints, 2015

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Reserve Bank of India Bulletin for October, 2015(15.10.2015)

The Reserve Bank of India released its Bulletin for October, 2015. The Bulletin highlights the relatively precarious state of the global economy, with.....

Tags : Rbi, bulletin, October, 2015, consumers

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RBI creates Helpline for guiding Start-ups in India on Forex Matters(22.12.2015)

The Reserve Bank of India has created a dedicated email helpline for start-ups in India, offering guidance and assistance to undertake cross-border tr.....

Tags : Rbi, foreign exchange, start-up, email assistance

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RBI announces Marginal Cost of Funds Methodology for Interest Rate on Advances(17.12.2015)

The Reserve Bank of India has released final g.....

Tags : Interest rates, marginal cost, rbi

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Central Fraud Repository comes into operation(21.01.2016)

The Reserve Bank of India notified operation of the Central Fraud Registry from 20 January, 2016. The Registry, first mentioned in the Bank’s

Tags : RBI, Central fraud registry, cell

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RBI announces Regulatory Relaxations for Startups(02.02.2016)

The Reserve Bank of India has highlighted steps taken to promote the ease of doing business and creating conditions conducive for growth of start-ups......

Tags : Start-up, rbi, ease of doing business

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RBI releases results of Consumer Confidence and Inflation Expectations Surveys(03.02.2016)

The Reserve Bank of India released the results of its read»



Changes proposed in timeframe for issue of shares and reporting of FDI(04.02.2016)

The Reserve Bank of India has proposed changes in respect of the time frame for issuing shares to align provisions of the Foreign Exchange Management .....

Tags : Rbi, timeframe, issue, reporting, shares, fdi

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RBI rationalises FEMA Regulations(04.02.2016)

The Reserve Bank of India revised nine regulations issued under the Foreign Exchange Management Act, 1999. For easy identification, revised regulation.....

Tags : Rbi, fema, regulations, revised

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RTGS service charges for members and customers rationalised(04.02.2016)

The Reserve Bank of India has revised the fee structure for members and rationalised the charges levied on them. Transactions being received by member.....

Tags : Rbi, rtgs, charges, revised

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RBI seeks Comments on Working Group Report on introducing Interest Rate Options(08.02.2016)

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

Tags : Rbi, interest rate options, report

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Application to regularize assets held abroad to be sent to RBI(10.02.2016)

The Reserve Bank of India notified consideration of applications at its Central Office in Mumbai seeking regularisation of assets held abroad by a per.....

Tags : Rbi, foreign asset, black money, regularisation

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

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

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

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RBI seeks feedback on Draft Framework on External Commercial Borrowings(23.09.2015)

The Reserve Bank of India introduced the draft framework on External Commercial Borrowings for comments and feedback. The same may be sent by e-mail o.....

Tags : Rbi, external, commercial, borrowings

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Ordinances amending arbitration law and creating commercial courts promulgated(23.10.2015)

Continuing with its policy of if you can’t metamorphosise a Bill into an Act use an Ordinance instead, the Union Cabinet approved the promulgation of .....

Tags : Commercial, arbitration, ordinance, high court

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

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

Tags : Rbi, central bank, uae, cooperation

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RBI seeks Comments/Feedback on Report of the Working Group on the Implementation of Indian Accounting (20.10.2015)

Reserve Bank of India has released the Report of the Working Group on the Implementation of Indian Accounting Standards by Banks in India. The Report .....

Tags : Rbi, international reporting, accounting, india, standards, budget

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No permission to foreign law firms to open Liaison Office(29.10.2015)

The Reserve Bank of India has notified, in compliance with Supreme Court of India directions that foreign law firms are not allowed to open Liaison Of.....

Tags : Foreign law firm, liaison, office, rbi

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Repo rate cut by 50 basis points to 6.75 per cent(29.09.2015)

The Reserve Bank of India lowered the rate at which it lends money to banks by 50 basis points, from 7.25 per cent to 6.75 per cent. However, no chang.....

Tags : Rbi, repo, rate, cut

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RBI releases the results of forward-looking surveys(29.09.2015)

The Reserve Bank of India released results of several surveys on industrial outlook, consumer confidence, professional forecasts on macroeconomic fact.....

Tags : Rbi, surveys, 2015

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RBI Working Paper Series No. 3: Inter-sectoral Linkages in the Indian Economy(14.08.2015)

The RBI introduced a Working Paper titled, 'Inter-sectoral Linkages in the Indian Economy'. The paper attempts to establish inter- and intra-links bet.....

Tags : rbi, inter-sector, link, macro economics

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RBI cancels Certificate of Registration of 7 NBFCs(17.08.2015)

The Reserve Bank of India cancelled the certificate of registration of seven non-banking financial companies. The companies are no longer allowed to t.....

Tags : Rbi, nbfcs, certificate, cancellation

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RBI Working Paper Series No. 4: Is Exchange Rate the Dominant Factor Influencing Corporate Profitability in India?(17.08.2015)

The Reserve Bank of India introduced a working paper titled 'Is Exchange Rate the dominant factor influencing Corporate Profitability in India?'. The .....

Tags : Rbi, working paper, exchange rate

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

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

Tags : Rbi, payments banks, approved, guidelines

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RBI Committee suggests Way Forward for UCBs(20.08.2015)

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

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

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Guidelines for Relief Measures by Banks in Areas Affected by Natural Calamities(21.08.2015)

The Reserve Bank of India released guidelines based on a Central government notification reducing the criteria of crop loss from 50 per cent to 33 per.....

Tags : Rbi, relief, farmers, loan, reschedule, crops

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Foreign Direct Investment - Reporting under FDI Scheme on the e-Biz platform(21.08.2015)

The Reserve Bank of India enabled online filing of the 'Foreign Currency Transfer of Shares' returns for reporting transfer of shares, convertible deb.....

Tags : Rbi, fema, return, online filing, return

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RBI launches FCTRS module on e-Biz Platform to facilitate FDI Reporting(24.08.2015)

The Reserve Bank of India launched a module for reporting Foreign Currency Transfer of Shares on the eBiz portal. Online reporting facility on the eBi.....

Tags : Rbi, ebiz, fctrs

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Summary of the Electronic Consultation with the Technical Advisory Committee on Monetary Policy: July 2015(25.08.2015)

A consultation with external Members of the Technical Advisory Committee on Monetary Policy was held electronically between 22 and 28 July, 2015. Taki.....

Tags : Rbi, technical advisory, committee, monetary policy

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Amendments to the Arbitration and Conciliation Bill, 2015(26.08.2015)

The Union Cabinet approved amendments to the Arbitration and Conciliation Bill, 2015. The changes include having to disclose in writing the existence .....

Tags : Arbitration, bill, 2015, amendments

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Detection of Counterfeit Notes(27.08.2015)

The Reserve Bank of India notified changes to procedures for recording counterfeit notes by banks. Notes tendered over the counter will be checked for.....

Tags : Rbi, counterfeit, note, reporting

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Security and Risk Mitigation Measures for Card Present and Electronic Payment Transactions - Issuance of EMV Chip and PIN Cards(27.08.2015)

Due to difficulties faced by banks in only providing Chip and Pin cards to their customers from 1 September, 2015, the Reserve Bank of India has grant.....

Tags : Rbi, chip and pin, card, extension

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RBI releases its Annual Report for 2014-15(27.08.2015)

The Reserve Bank of India released its 'Annual Report 2014-2015' on the working of the Bank. The Report provides an overview of the objectives of the .....

Tags : Rbi, annual report, 2014, 2015

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News

RBI Permits Importers to Raise Trade Credit in Rupees(15.09.2015)

Reserve Bank of India (RBI) has allowed resident importers to raise trade credit in rupees, with riders. It can be raised after entering into a loan a.....

Tags : RBI, Trade Credit

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

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

Tags : RBI ,small banks

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RBI Grants Flexibility to Banks for Equity Investment(17.09.2015)

RBI while relaxing norms on banks’ equity investments, has said that no Central Bank approval is required to make Banks’ Equity Investments if they ha.....

Tags : RBI , Equity Investment

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

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

Tags : RBI, Loans to CEOs, Directors of Banks

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RBI Asks for Report on NBFCs in State(21.09.2015)

As chit fund firms and Non-banking Financial Companies (NBFCs) have posed a threat to financial system, Shadow Banking Implementation Group (SBIG) of .....

Tags : RBI, NBFCs

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Supreme Court Dismisses Govt.'s Allegation Over RIL Arbitration(23.09.2015)

SC has dismissed Govt.'s allegation of biasness against an arbitrator in an ongoing arbitration to resolve a row with Reliance Industries over Panna-M.....

Tags : SC ,RIL Arbitration ,Panna-Mukta oilfields

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RBI Reconstructs JLF Mechanism to Deal with NPAs(25.09.2015)

RBI has reconstructed Joint Lenders’ Forum (JLF) norms to ensure mandatory presence of representatives of two systematically important banks: SBI and .....

Tags : RBI , JLF

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RBI Permits PCE in Corporate Bonds(25.09.2015)

RBI has permitted banks to provide Partial Credit Enhancement (PCE) to bonds issued by corporates/Special Purpose Vehicles (SPVs) for funding all type.....

Tags : RBI ,PCE,Corporate Bonds

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RBI: No Action under FEMA Against Black Money Declarants(25.09.2015)

In order to encourage disclosure of undeclared assets held abroad, RBI has said, "No proceedings shall lie under Foreign Exchange Management Act, 1999.....

Tags : RBI,FEMA

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RBI Permits Banks to Use E-Payments for Imports(25.09.2015)

RBI, in order to facilitate e-commerce, has permitted banks to enter into pacts with Online Payment Gateway Service Providers (OPGSPs), for import pay.....

Tags : RBI, E-Payments for Imports

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

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

Tags : RBI,Banks

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RBI Permits FII/RFPI to Invest Up to 30 % in the Equity of Supreme Industries(25.09.2015)

RBI has allowed Foreign Institutional Investors (FII) and Registered Foreing Portfolios Investors (RFPI) to invest up to 30% in equity of Supreme Indu.....

Tags : RBI,FII,RFPI

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Bombay High Court: Local Law to Apply When Indian Entities are Party to Arbitration(25.08.2015)

Bombay High Court has ruled that two Indian parties should not put the clauses of foreign law in arbitration, as it is against public policy.

Tags : Bombay High Court ,Arbitration

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NGT Orders Formation of a 3-Member Panel to Frame Anti-Pollution Rules in Ceramic Industries(05.10.2015)

National Green Tribunal (NGT) has ordered formation of a 3-member committee to frame guidelines to control pollution levels in ceramic industries at M.....

Tags : National Green Tribunal , Morbi cluster

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RBI Allows Firms having Forex Exposure to Book Forex Forward and Foreign Currency(09.10.2015)

RBI has allowed all resident individuals, firms and companies, who have actual or anticipated foreign exchange exposures, to book foreign exchange for.....

Tags : RBI,Forex Forward ,Foreign Currency

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

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

Tags : RBI, Urban Brances

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RBI: Repo Rate Remains Unchanged at 7.25%;CRR Unchanged(04.08.2015)

Reserve Bank of India has kept interest rates unchanged. However it has raised hopes of a reduction before the end of the year if the monsoon maintain.....

Tags : RBI, Repo rate

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SC Issue Notices to RBI and HDFC Bank on Regulator’s Power to Enforce Merger Scheme(01.09.2015)

Supreme Court has issued notice to RBI, HDFC Bank and others on plea seeking clarity on RBI’s powers to enforce merger scheme of banks, which was app.....

Tags : Supreme Court , RBI

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RBI Permits Residents to Conduct Foreign Currency-Rupee Swaps Transactions with Multilateral Bodies(06.11.2015)

Reserve Bank of India (RBI) has permitted domestic entities to conduct foreign currency-rupee swaps with multilateral agencies and allow hedging of lo.....

Tags : RBI, Foreign Currency-Rupee Swaps Transactions

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

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

Tags : RBI , Cooperative Banks , Internet Banking Services

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RBI Nod for "In-Principle" Approval to Set-up New TReDS under PSS Act 2007(25.11.2015)

RBI has given in-principle approval to NSE Strategic Investment Corporation Ltd and Small Industries Development Bank of India, Axis Bank and Mynd Sol.....

Tags : RBI , TReDS

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International Tribunal Fines Antrix With Rs 4,435cr(01.10.2015)

An international arbitration court has imposed Rs 4,435cr fine on Isro's commercial arm, Antrix, as damages to Devas Multimedia in regard to Devas-Ant.....

Tags : international arbitration court, Antrix,Devas Multimedia

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

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

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

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RBI Cancels All T-Bill Auctions(25.02.2016)

Reserve Bank of India (RBI) has cancelled Treasury Bill (T-Bill) auction aggregating Rs 14,000 crore in full.

Tags : RBI, T-Bill

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President Gives Nod to SC and ST (Prevention of Atrocities) Amendment Act and others(08.01.2016)

President has given nod to Arbitration and Conciliation (Amendment) Act; Scheduled Castes and Scheduled Tribes (Prevention of Atrocities) Amendment Ac.....

Tags : Arbitration and Conciliation (Amendment) Act; Scheduled Castes and Scheduled Tribes (Prevention of Atrocities) Amendment Act; Commercial Courts,Commercial Division and Commercial Appellate Division of High Courts Act; Payment of Bonus (Amendment) Act, 2015

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

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

Tags : RBI , 100% FDI in Banks

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President Promulgates Constitution of Commercial Courts , Arbitration and Conciliation Ordinanences(26.10.2015)

President has signed ordinances to amend Arbitration and Conciliation Act and bring into force Commercial Courts, Commercial Division and Commercial A.....

Tags : Arbitration and Conciliation Act, Commercial Courts, Commercial Division and Commercial Appellate Division of High Courts Bill, 2015

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Punjab and Haryana HC Rejects Plea for CBI Investigation in Orbit Bus Case(04.12.2015)

Punjab and Haryana HC has turned down plea for CBI investigation in case where a 13-year-old girl died on being allegedly thrown off a bus owned by Or.....

Tags : Punjab and Haryana HC, CBI probe, Orbit Bus Case

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Supreme Court Announces New Norms for Arbitration Proceedings(08.12.2015)

Supreme Court has announced new norms for hearing arbitration petitions in view of the Arbitration and Conciliation Amendment Ordinance, which came in.....

Tags : Supreme Court, Arbitration and Conciliation Amendment Ordinance

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RBI Issues Cross-Currency Futures Norms(11.12.2015)

Reserve Bank of India (RBI) has issued guidelines for introduction of cross currency futures and exchange traded cross-currency option contracts in th.....

Tags : RBI , Cross-Currency Futures Norms

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RBI Notifies Rates for Small Saving Schemes for Q2(08.07.2016)

Reserve Bank of India (RBI) has notified the interest rates for different small savings schemes for the quarter ending September. The interest rates h.....

Tags : Reserve Bank of India, RBI, small savings schemes

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RBI Sets Rupee Reference Rate against US Dollar and Euro(08.07.2016)

Reserve Bank of India (RBI) has fixed reference rate of the rupee at 67.4972 against the US dollar and 74.8274 for the euro.

Tags : Reserve Bank of India, RBI, reference rate

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Bombay HC Rejects PIL against Ban on Clicking Pictures of RBI HQ(28.06.2016)

Bombay HC has rejected a public interest litigation which said Reserve Bank of India cannot prohibit the general public from taking pictures of its He.....

Tags : Bombay HC, RBI HQ

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RBI: Pensioner's Account Not to Exceed More Than 14 Credit Transactions in a Year(22.01.2016)

Reserve Bank of India (RBI) has directed banks that a pensioner's account should not exceed more than 14 credit transactions in a calender year for re.....

Tags : RBI, Pensioner's Account

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Delhi HC Seeks Centre’s Response on Surcharge on Debit, Credit Card Payments(18.05.2016)

Delhi HC has sought response of Centre and RBI on a plea against "illegal" surcharge levied on transactions done through debit and credit cards across.....

Tags : Delhi HC , Centre, RBI

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Infrastructure Projects: RBI Relaxes Refinancing Norms for NBFCs(03.06.2016)

RBI in order to encourage infrastructure financing has eased norms for NBFCs to refinance such projects and provide longer repayment tenures.

Tags : RBI, Infrastructure, NBFCs

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RBI Mandates Cyber Security Policy to Keep Hackers at Bay(03.06.2016)

Reserve Bank of India (RBI) has directed all banks to immediately frame cyber security policies approved by their respective boards.

Tags : RBI, Cyber Security

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Monetary Policy: RBI Keeps Key Policy Rates Unchanged(07.06.2016)

RBI has kept key interest rate (repo rate) unchanged at five-year low of 6.50% in its bi-monthly policy review. Consequently, the reverse repo rate wi.....

Tags : RBI Monetary Policy

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RBI: Allow Mobile Registration from Any Bank’s ATM(31.08.2016)

Reserve Bank of India (RBI) has made it mandatory for banks to allow customers to register their mobile numbers through any ATM.

Tags : RBI, ATM

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RBI Releases Final Guidelines on Account Aggregators(05.09.2016)

Reserve Bank of India (RBI) has released final guidelines around setting up a category of Non-Banking Financial Companies (NBFCs) called account aggre.....

Tags : RBI, Account Aggregators

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Delhi HC: Courts Should Rarely Exercise Power to Prevent Arbitration(25.07.2016)

Delhi HC has said that while courts have power to issue injunction against arbitration proceedings, they should use it rarely and said, "Courts need t.....

Tags : Delhi HC , Arbitration

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SC to Centre, RBI: File Response to Plea on Panama Papers(26.07.2016)

SC has asked Centre and RBI to file their response in four weeks to a plea seeking CBI probe against Indian offshore bank account holders named in the.....

Tags : SC, Centre, RBI, Panama papers

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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

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Gujarat HC to RBI: Who Regulated Spot Exchanges(12.10.2016)

Gujarat HC has sought explanation from Reserve Bank of India (RBI) on granting a settlement and clearing licence to National Spot Exchange.

Tags : Gujarat HC , RBI, National Spot Exchange

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RBI Permits Banks to Classify Borrowed Securities as SLR(14.10.2016)

Reserve Bank of India (RBI) has allowed banks to classify government securities borrowed from central bank in the daily Liquidity Adjustment Facility .....

Tags : RBI, SLR

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RBI: Banks Can Accept Tax Dues in Cash under Income Declaration Scheme(09.09.2016)

Reserve bank of India (RBI) has directed banks to accept tax dues in cash under the domestic black money declaration scheme which closes on September .....

Tags : RBI, domestic black money declaration scheme

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Bombay HC Seeks RBI Opinion over Plea to Change Notes and Coins for Blind(04.10.2016)

Bombay HC has asked Reserve Bank of India (RBI) to file reply within four weeks in response to Public Interest Litigation (PIL) highlighting difficult.....

Tags : Bombay HC, RBI, Blind

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Delhi HC Agrees to Maintain Confidentiality of Ex- Ranbaxy Promoters in Daiichi Case(04.10.2016)

Delhi HC has allowed application seeking confidentiality of asset declaration made by Malvinder Singh & Shivinder Singh, Ex-Ranbaxy promoters and othe.....

Tags : Delhi HC , Rs. 2562 crore Singapore arbitration award, Ex- Ranbaxy Promoters

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RBI Releases Fourth Bi-Monthly Monetary Policy Statement, 2016-17(05.10.2016)

Reserve Bank of India (RBI) has released Fourth Bi-monthly Monetary Policy Statement, 2016-17 and cut down Repo Rate by 25 Bps to 6.25%.

Tags : RBI, Monetary Policy

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Bombay HC: Arbitral Tribunal Can’t Appoint HC Receiver as ‘Receiver Under Arbitration Act’(23.03.2017)

Bombay High Court has held that an arbitral tribunal does not have power to appoint Court receiver of High Court as a receiver under Section 17 of Arb.....

Tags : Bombay HC, Arbitral Tribunal

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SC: Chief Justice Free to Appoint Arbitrator Even If Arbitration Agreement Provides Otherwise(29.03.2017)

Supreme Court has held that even if an arbitrator is specified in agreement for arbitration, Chief Justice or designated Judge is free to appoint an i.....

Tags : Supreme Court, Chief Justice, Independent Arbitrator

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Supreme Court: Third Arbitrator in Any International Dispute Must Be From Neutral Nation(13.04.2017)

Supreme Court has said that third arbitrator in any international rift involving a foreign company should always be from a neutral country for a sense.....

Tags : Supreme Court, International Dispute, Arbitrator

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Delhi High Court Says No to Defenses Under FEMA For Enforcement of Foreign Arbitral Awards(17.04.2017)

Delhi High Court has held that foreign arbitral award can be enforced in India pertaining to put options, exit at assured return, and guarantee arrang.....

Tags : Delhi High Court, Foreign Arbitral Awards

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Supreme Court: Court Can't Relegate Parties Before Arbitral Tribunal After Setting Aside Award(24.04.2017)

Supreme Court has held that Section 34 (4) of Arbitration and Conciliation Act 1996, does not empower Court to relegate parties before Arbitral Tribun.....

Tags : Supreme Court, Arbitral Tribunal

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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

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Arbitration: R-Infra Wins Rs. 2950 Cr Arbitration Award Against DMRC Over Airport Metro(12.05.2017)

Reliance Infrastructure (R-Infra) has won a Rs 2,950 crore arbitration award against Delhi Metro Rail Corporation (DMRC) for alleged breach by the lat.....

Tags : Airport Metro, DMRC, Arbitration

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CIC Refuses To Direct RBI To Disclose Defaulters And NPAs List, Says Matter Sub Judice Before SC(24.05.2017)

Central Information Commission has refused to direct RBI to disclose list of defaulters and non-performing assets, in view of a similar issue being un.....

Tags : Supreme Court, RBI

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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

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Delhi HC Interprets Amended Provisions of Arbitration Act(09.01.2017)

Delhi High Court has said that changes made in 2015 to Arbitration Act, under which there is no automatic stay on an award being challenged, would not.....

Tags : Delhi High Court , Arbitration Act, amendment

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SC Questions RBI’s Policy to Maintain Secrecy of Defaulter's Name(25.10.2016)

Supreme Court has asked Reserve Bank of India why names of borrowers that owe more than Rs 500 crore to country’s banks shouldn't be made public.

Tags : Supreme Court, RBI, borrowers, Defaulters

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SC Notices RBI over Contempt Petition on Derivative Scam Issue(02.11.2016)

Supreme Court has ordered issuance of notice to Reserve Bank of India officials after hearing contempt petition moved by Tirupur Exporters Association.....

Tags : Supreme Court , RBI , Tirupur Exporters, Derivatives Scam

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Allahabad HC Refers Yamuna Expressway Land Acquisition Dispute to Arbitration(04.11.2016)

Allahabad High Court has referred to arbitration a dispute between Yamuna Expressway Authority and JP Infratech Ltd in connection with enhanced compen.....

Tags : Allahabad High Court, arbitration, Yamuna Expressway, JP Infratech

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Punjab & Haryana HC: No Bar on Appointment of Former Bureaucrats as Government Arbitrator(16.11.2016)

Punjab and Haryana High Court has held that there is no bar on a former employee, consultant or adviser of a party being appointed as a mediator merel.....

Tags : Punjab and Haryana High Court, Former Bureaucrats, Government Arbitrator

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Madras HC Seeks RBI’s Reply over Cash Crunch Situation Following Demonetization(17.11.2016)

Madras High Court sought to know from RBI when new Rs 500 notes would be made available in Tamil Nadu to ease present cash crunch situation following .....

Tags : Madras High Court, RBI , demonetization

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Bombay HC Seeks RBI’s Reply over Plea Highlighting Difficulty in Identifying Notes by Blinds(07.12.2016)

Bombay High Court has sought a reply from Reserve Bank of India within six weeks to a plea highlighting difficulty faced by blind persons in identifyi.....

Tags : Bombay HC, RBI, currency notes, coins, blind persons

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RBI Allows Use of OTP for Account Opening(09.12.2016)

To quicken the process of opening of bank account, Reserve Bank of India (RBI) has amended its know your customer (KYC) rules to allow banks to open n.....

Tags : RBI, Reserve Bank of India

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PAN and Contact Info 'Leaked', Did SBI Miss Major Design Flaw in Its Envelopes?(06.12.2017)

An activist has been "pleading" with SBI at the highest level for the past 16 months to ensure compliance with RBI directions, but nothing h.....

Tags : RBI

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PAN and Contact Info 'Leaked', Did SBI Miss Major Design Flaw in Its Envelopes?(06.12.2017)

An activist has been "pleading" with SBI at the highest level for the past 16 months to ensure compliance with RBI directions, but nothing h.....

Tags : RBI

read»



PAN and Contact Info 'Leaked', Did SBI Miss Major Design Flaw in Its Envelopes?(06.12.2017)

An activist has been "pleading" with SBI at the highest level for the past 16 months to ensure compliance with RBI directions, but nothing h.....

Tags : RBI

read»



PAN and Contact Info 'Leaked', Did SBI Miss Major Design Flaw in Its Envelopes?(06.12.2017)

An activist has been "pleading" with SBI at the highest level for the past 16 months to ensure compliance with RBI directions, but nothing h.....

Tags : RBI

read»



PAN and Contact Info 'Leaked', Did SBI Miss Major Design Flaw in Its Envelopes?(06.12.2017)

An activist has been "pleading" with SBI at the highest level for the past 16 months to ensure compliance with RBI directions, but nothing h.....

Tags : RBI

read»



PAN and Contact Info 'Leaked', Did SBI Miss Major Design Flaw in Its Envelopes?(06.12.2017)

An activist has been "pleading" with SBI at the highest level for the past 16 months to ensure compliance with RBI directions, but nothing h.....

Tags : RBI

read»



PAN and Contact Info 'Leaked', Did SBI Miss Major Design Flaw in Its Envelopes?(06.12.2017)

An activist has been "pleading" with SBI at the highest level for the past 16 months to ensure compliance with RBI directions, but nothing h.....

Tags : RBI

read»



PAN and Contact Info 'Leaked', Did SBI Miss Major Design Flaw in Its Envelopes?(06.12.2017)

An activist has been "pleading" with SBI at the highest level for the past 16 months to ensure compliance with RBI directions, but nothing h.....

Tags : RBI

read»



PAN and Contact Info 'Leaked', Did SBI Miss Major Design Flaw in Its Envelopes?(06.12.2017)

An activist has been "pleading" with SBI at the highest level for the past 16 months to ensure compliance with RBI directions, but nothing h.....

Tags : RBI

read»



PAN and Contact Info 'Leaked', Did SBI Miss Major Design Flaw in Its Envelopes?(06.12.2017)

An activist has been "pleading" with SBI at the highest level for the past 16 months to ensure compliance with RBI directions, but nothing h.....

Tags : RBI

read»



PAN and Contact Info 'Leaked', Did SBI Miss Major Design Flaw in Its Envelopes?(06.12.2017)

An activist has been "pleading" with SBI at the highest level for the past 16 months to ensure compliance with RBI directions, but nothing h.....

Tags : RBI

read»



PAN and Contact Info 'Leaked', Did SBI Miss Major Design Flaw in Its Envelopes?(06.12.2017)

An activist has been "pleading" with SBI at the highest level for the past 16 months to ensure compliance with RBI directions, but nothing h.....

Tags : RBI

read»



PAN and Contact Info 'Leaked', Did SBI Miss Major Design Flaw in Its Envelopes?(06.12.2017)

An activist has been "pleading" with SBI at the highest level for the past 16 months to ensure compliance with RBI directions, but nothing h.....

Tags : RBI

read»



PAN and Contact Info 'Leaked', Did SBI Miss Major Design Flaw in Its Envelopes?(06.12.2017)

An activist has been "pleading" with SBI at the highest level for the past 16 months to ensure compliance with RBI directions, but nothing h.....

Tags : RBI

read»



PAN and Contact Info 'Leaked', Did SBI Miss Major Design Flaw in Its Envelopes?(06.12.2017)

An activist has been "pleading" with SBI at the highest level for the past 16 months to ensure compliance with RBI directions, but nothing h.....

Tags : RBI

read»



PAN and Contact Info 'Leaked', Did SBI Miss Major Design Flaw in Its Envelopes?(06.12.2017)

An activist has been "pleading" with SBI at the highest level for the past 16 months to ensure compliance with RBI directions, but nothing h.....

Tags : RBI

read»



PAN and Contact Info 'Leaked', Did SBI Miss Major Design Flaw in Its Envelopes?(06.12.2017)

An activist has been "pleading" with SBI at the highest level for the past 16 months to ensure compliance with RBI directions, but nothing h.....

Tags : RBI

read»



PAN and Contact Info 'Leaked', Did SBI Miss Major Design Flaw in Its Envelopes?(06.12.2017)

An activist has been "pleading" with SBI at the highest level for the past 16 months to ensure compliance with RBI directions, but nothing h.....

Tags : RBI

read»



PAN and Contact Info 'Leaked', Did SBI Miss Major Design Flaw in Its Envelopes?(06.12.2017)

An activist has been "pleading" with SBI at the highest level for the past 16 months to ensure compliance with RBI directions, but nothing h.....

Tags : RBI

read»



If Agreement Has Exclusive Jurisdiction Clause, Courts Cannot Be Approached: Delhi HC(11.12.2017)

Delhi High Court has dismissed an Application filed under Section 11 of the Arbitration and Conciliation Act, 1996, noting that the agreement specifie.....

Tags : Delhi High Court, Arbitration

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Supreme Court: Arbitral Award on the Issue of Limitation is an ‘Interim Award’(24.01.2018)

Supreme Court has held that an award delivered by an arbitrator, which decides the issue of limitation, is an interim award, that can be challenged se.....

Tags : Supreme Court, Arbitration

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RBI Leaves Repo Rate Unchanged at 6%, Reverse Repo Rate Stays at 5.75%(07.02.2018)

Reserve Bank of India has kept the repo rate unchanged at 6%. The reverse repo rate remains unchanged at 5.75%

Tags : RBI, Repo Rate

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RBI LIVE: Sensex Sees 69-Point Dip as Monetary Policy Committee Votes 5-1 to Keep Repo Rate at 6%(07.02.2018)

Market benchmark BSE Sensex was trading lower by about 69 points at 34,127.31 in late afternoon trade after the RBI kept its key policy rate unchanged.....

Tags : RBI

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Supreme Court: Arbitration Dispute Can't be Raised After Accepting F&F Payment of Contractual Amount(16.02.2018)

Supreme Court has held that the party should not have been permitted to raise arbitration dispute after accepting full and final payment of the contra.....

Tags : Supreme Court, Arbitration

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Supreme Court: Arbitration Award Can be Executed in Court Where Assets Are Located(16.02.2018)

Supreme Court has ruled that an arbitral award can straightaway be filed and executed in the Court where the assets are located, without first obtaini.....

Tags : Supreme Court, Arbitration

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Will Take Appropriate Supervisory Action in Rs 11,000 Crore PNB Scam, Says RBI(16.02.2018)

The RBI denied media reports that it had directed Punjab National Bank to meet its commitments under the letters of undertaking (LoUs) to other banks.

Tags : RBI

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SC Junks Singh Brothers’ Appeal Against Rs. 3500-Cr Arbitral Award To Daiichi(17.02.2018)

Supreme Court has rejected the petition filed by former promoters of Ranbaxy — Malvinder Mohan Singh and Shivinder Mohan Singh — challenging the Delhi.....

Tags : Supreme Court, Arbitration

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Arbitration Amendment Act, SC Says: New S. 36 Apply Even To pending S. 34 Applications(16.03.2018)

SC has clarified that since execution of a decree pertains to the realm of procedure, and that there is no substantive vested right in a judgment debt.....

Tags : Supreme Court, Arbitration

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Supreme Court Declares S.4(3)(b) of BPWC Arbitration Tribunal Act Unconstitutional(29.03.2018)

Supreme Court, while holding S. 4(3)(b) of Bihar Public Works Contracts Arbitration Tribunal Act, 2008, unconstitutional, has observed that a provisio.....

Tags : Supreme Court, Arbitration

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Supreme Court: Limitation u/s 34 of Arbitration Act Begins From Date of Delivery of Award Copy(30.03.2018)

Supreme Court has reiterated that the limitation period prescribed under Section 34(3) of the Arbitration and Conciliation Act would commence only fro.....

Tags : Supreme Court, Arbitration

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RBI Changes Methodology for Bond Valuation to Check Manipulation(31.03.2018)

Reserve Bank of India has changed the methodology used by debt market players, including banks and primary dealers, for valuation of securities, espec.....

Tags : RBI, Bonds

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Supreme Court: Courts Cannot Review Technical Bids to Bag Contracts for Public Work(31.03.2018)

Supreme Court has barred Courts from evaluating technical bids submitted by companies to bag contracts for public works.

Tags : RBI, Bonds

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RBI Cuts Provisioning Norm for Advances to Large Accounts Now Before NCLT(05.04.2018)

Reserve Bank of India has reduced the provisioning requirement for large accounts referred to the National Company Law Tribunal (NCLT) up to March 31,.....

Tags : RBI, NCLT

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RBI Keeps Repo Rate Unchanged at 6%(05.04.2018)

RBI has maintained status quo on the short-term lending rate, repo rate, at 6 per cent, in its first bi-monthly policy review of 2018-19. Reverse repo.....

Tags : RBI, Repo Rate

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Supreme Court Supports RBI Decision to Ban Indian Crypto Services(14.05.2018)

Supreme Court has turned down a request to issue a temporary order against restrictions put by the central bank on other banks related to digital curr.....

Tags : Supreme Court, RBI

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IOB Q4 Loss Widens to Rs 3,606.73 Crore on Rising Bad Loans(30.05.2018)

The loss was mainly due to provisioning requirements including higher provisions on account of RBI guidelines on revised framework on Resolution of St.....

Tags : RBI

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Arbitrator Can’t Issue Further Directions in an Award Without Proper ‘Adjudication': Delhi HC(04.06.2018)

Delhi High Court has held that an arbitrator cannot issue further ‘directions’ in an award based on settlement, without hearing both the parties in a .....

Tags : Delhi High Court, Arbitration

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RBI Hikes Repo Rate by 25 bps(06.06.2018)

Reserve Bank of India has hiked the repo rate by 25 bps (basis points) or 0.25 per cent to 6.25 per cent. The central bank has also increased the reve.....

Tags : RBI

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RBI Gives Major Relief to MSME Sector(07.06.2018)

In a major relief to MSMEs, the Reserve Bank has eased NPA classification norms for such units facing input credit linkages and associated issues unde.....

Tags : RBI, MSME

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PAN Mandatory for Sending Money Abroad: Government(08.06.2018)

Central Government has decided to make Permanent Account Number (PAN) mandatory for remitting money abroad as the Reserve Bank of India has decided to.....

Tags : RBI, PAN Card

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DC Federal Judge Refuses To Confirm Arbitration Award To Hardy Oil & Gas(12.06.2018)

United State District Court for the District of Columbia has refused to confirm the arbitration award which would have resulted in Hardy Exploration &.....

Tags : Arbitration

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DC Federal Judge Refuses To Confirm Arbitration Award To Hardy Oil & Gas(12.06.2018)

United State District Court for the District of Columbia has refused to confirm the arbitration award which would have resulted in Hardy Exploration &.....

Tags : Arbitration

read»



RBI Guv Urjit Patel Appears Before Parliamentary Panel, Assures Steps to Tackle NPA Crisis(13.06.2018)

Sources present at the meeting of the Parliamentary Standing Committee on Finance said the RBI Governor expressed confidence of tiding over the crisis.....

Tags : RBI

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Petition Under Section 34 A&C Act Petition not to be Remanded to Arbitrator for Fresh Decision: SC(16.10.2018)

Supreme Court has reiterated that the court while deciding a petition under Section 34 of the Arbitration and Conciliation Act has no jurisdiction to .....

Tags : Supreme Court, Arbitration

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Orbit Buyers Can’t Name Bank in Plea: Bombay High Court(29.10.2018)

Bombay High Court, in a setback to individuals who had purchased flats in the 32-storey ultra-luxury residential tower Orbit Haven at Nepean Sea Road .....

Tags : Bombay High Court, Orbit Buyers

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Govt 'Very Upset' With RBI for Making Rift Public, Holds Urjit Patel Responsible for Controversy(30.10.2018)

Government officials believe that RBI Governor Urjit Patel has some responsibility for the controversy, and he cannot expect an extension of his curre.....

Tags : RBI

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Govt Confirms 'Extensive Consultations' With RBI Amid Rift, Silent on Invoking Never-used Powers(31.10.2018)

A statement by the government said "the autonomy for the central bank, within the framework of the RBI Act, is an essential and accepted governan.....

Tags : RBI

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RBI’s Autonomy Not an Indian Concept, Was Introduced by Raghuram Rajan: RSS Economic Wing Head(01.11.2018)

In Mahajan's opinion a situation rift between government and the RBI should be avoided by the making them work together in their respective streams ra.....

Tags : RBI

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News18 Daybreak | RBI Governor Served Notice, Security Beefed Up at Sabarimala , And Other Stories You May Have Missed(05.11.2018)

Get a fresh dose of the news that matters delivered directly to your inbox, every morning. The perfect way to get you started and informed for the day.....

Tags : RBI

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Unsigned Arbitration Agreement Not Invalid in All Cases: Supreme Court(05.11.2018)

Supreme Court has held that the only prerequisite for an arbitration agreement is that it should be in writing and it cannot be said that in all cases.....

Tags : Supreme Court, Unsigned Arbitration Agreement

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Unsigned Arbitration Agreement Not Invalid in All Cases: Supreme Court(05.11.2018)

Supreme Court has held that the only prerequisite for an arbitration agreement is that it should be in writing and it cannot be said that in all cases.....

Tags : Supreme Court, Unsigned Arbitration Agreement

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Unsigned Arbitration Agreement Not Invalid in All Cases:Supreme Court(05.11.2018)

Supreme Court has held that the only prerequisite for an arbitration agreement is that it should be in writing and it cannot be said that in all cases.....

Tags : Supreme Court, Arbitration Agreement

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PM Modi Needs Rs 3.6 Lakh Crore from RBI to Fix 'Mess' His Economic Theories Created: Rahul Gandhi(06.11.2018)

Gandhi also urged Reserve Bank Governor Urjit Patel to "stand up" to the prime minister and "protect the nation".

Tags : RBI

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Govt Denies Seeking Rs 3.6 Lakh Crore from RBI, Chidambaram Questions Intent Behind 'Jargon'(09.11.2018)

"Lot of misinformed speculation is going around in media. Government's fiscal math is completely on track. There is no proposal to ask RBI to tra.....

Tags : RBI

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RBI, Centre Inch Closer to Resolving Differences Ahead of Board Meeting: Sources(15.11.2018)

While the rift is far from healed, the sources said enough progress had been made to avoid acrimony at a board meeting of the RBI next Monday. The thr.....

Tags : RBI

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RSS Ideologue Gurumurthy Slams RBI Ahead of Board Meet, Asks Why Bad Loans Policy Changed After 2014(16.11.2018)

Delivering a lecture on the state of the economy, Gurumurthy backed the government’s stance on issues like easing credit rules for state-run banks a.....

Tags : RBI

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Application Under Order 2 Rule 2 CPC can’t be Considered by Court U/S 11 Arbitration Act: Delhi HC(16.11.2018)

Delhi High Court has held that courts cannot consider the question of viability of a claim under Order 2 Rule 2 of Code of Civil Procedure, while hear.....

Tags : Delhi High Court, CPC, Arbitration and Conciliation Act, 1996

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House Panel May Question RBI Governor Urjit Patel on Stand-off With Govt: Sources(16.11.2018)

Tensions between the central bank and the government have escalated recently, with the Finance Ministry initiating discussions under the never-used-be.....

Tags : RBI

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CIC Pulls Up PMO and RBI Over Wilful Defaulters' List, Raghuram Rajan's Letter on Bad Loans(19.11.2018)

In an exhaustive 66-page order, the panel pulled up the Prime Minister's Office for not complying with its directive to disclose the letter from forme.....

Tags : RBI

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Critical RBI Board Meeting Comes to an End After Nine Hours(19.11.2018)

It wasn't immediately clear whether it had come to any conclusions in a dispute with the government over easing liquidity for the financial sector and.....

Tags : RBI

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RBI's 9-Hour-Long Meeting Comes to an End; New MSME Scheme, Loans Up to Rs 25 Crore Agreed Upon(20.11.2018)

The RBI will also form a separate panel to review its surplus funds and transfers to government, it was decided at the meeting.

Tags : RBI

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News18 Daybreak | RBI Approves New MSME Scheme, Twitter CEO Faces Hate Storm and Other Stories You May Have Missed(20.11.2018)

Get a fresh dose of the news that matters delivered directly to your inbox, every morning. The perfect way to get you started and informed for the day.....

Tags : RBI

read»



Govt vs RBI: Easing Lending Curbs for Banks Under Prompt Corrective Action May Bring More Pain(27.11.2018)

The recent tug of war is over the government’s contention that easing lending restrictions on some of these banks will help ease systemic liquidity .....

Tags : RBI

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HC can Execute Foreign Arbitration Award Despite Change in Pecuniary Jurisdiction: Delhi HC(04.12.2018)

Delhi High Court has held that jurisdiction to execute foreign arbitration award continues with the high court, despite the change in pecuniary jurisd.....

Tags : Delhi High Court, Arbitration Award, Pecuniary Jurisdiction

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Challenge to Arbitrator Appointed should be Raised Before Arbitrator Himself First: SC(05.12.2018)

Supreme Court has reiterated that any challenge to arbitrator appointed should be raised before arbitrator himself under Section 13 of the Arbitration.....

Tags : Supreme Court, Arbitrator, Appointment of Arbitrator

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RBI Releases 5th Bi-Monthly Monetary Policy, Repo Rate Unchanged at 6.5%(06.12.2018)

Reserve Bank of India (RBI) has released its fifth Bi-monthly monetary policy and has kept the repo rate unchanged at 6.50%.

Tags : RBI, Monetary Policy

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RBI Kept Growth Forecast for 2019 Unchanged and This Should be Music to Govt's Ears(06.12.2018)

But despite the bonhomie with the RBI on growth forecast, the government may remain watchful of the risks.

Tags : RBI

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SC Junks PIL Against Arun Jaitley ‘Plundering’ RBI Reserves, Fines Lawyer Rs 50,000(07.12.2018)

The bench also directed the apex court registry not to allow ML Sharma to file any PIL till he deposits Rs 50,000.

Tags : Court, RBI

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Urjit Patel Quits As RBI Governor(10.12.2018)

Reserve Bank of India Governor Urjit Patel has stepped down from his post as RBI Governor citing "personal reasons". Mr Patel was appointed in 2016 fo.....

Tags : RBI Governor, Urijit Patel

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After Urjit Patel's Surprise Resignation, RBI Denies Reports of No.2 Viral Acharya Stepping Down(11.12.2018)

On October 26, Acharya spoke about the need to preserve the autonomy of the RBI.

Tags : RBI

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Shaktikanta Das, Centre's Face During Demonetisation, Appointed RBI Governor(12.12.2018)

The appointment comes almost 24 hours after Urjit Patel on Monday resigned as RBI Governor on account of personal reasons, with immediate effect.

Tags : RBI

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Top Stories You May Have Missed if You Were Following the Assembly Election Results(12.12.2018)

Sensex plummeted by almost 550 points early this morning. Experts blame the plunge on the assembly election results that saw the BJP lose in all five .....

Tags : RBI

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Sensex Drops by 400 Points as Investors React to Election Polls, Urjit Patel’s Resignation as RBI Governor(12.12.2018)

The Sensex is down 404 points at 34639.58, while the Nifty is lower by 78.30 points at 10410.65.

Tags : RBI

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After Shaktikanta Das' Appointment as RBI Governor, Arvind Subramanian Reminds Autonomy is Sacred(13.12.2018)

"What is going to be key is whether this (restoring financial system agenda) is maintained going forward. That is going to be the yardstick to me.....

Tags : RBI

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BJP Leader Ridicules RBI Boss Over Qualifications, Prays He Won't Make Central Bank Itself 'History'(13.12.2018)

Das has also been the target of ridicule on social media over his educational qualifications vis-a-vis his predecessors Patel and Raghuram Rajan who h.....

Tags : RBI

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RBI to Become History, PM Modi’s Signature on Notes Soon, Says CPI(M) as Central Bank Gets New Governor(14.12.2018)

CPI(M) deputy leader in Lok Sabha Md Salim alleged that the government has appointed only those in the board of the RBI who have Sangh connection, a r.....

Tags : RBI

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Rupee Rises by 14 Paise to 71.82 Against US dollar in Early Trade(14.12.2018)

Forex traders said strengthening of the US dollar against some currencies overseas and caution ahead of RBI central board meeting under new Governor .....

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Govt May Skip Large Farm Loan Waiver Ahead of 2019 Polls Despite Drubbing in Heartland: Report(18.12.2018)

The report comes days after a group of economists including former RBI governor Raghuram Rajan, pitched for doing away with farm loan waivers.

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RBI Governor Shaktikanta Das 'Highly Corrupt', Alleges Subramanian Swamy(23.12.2018)

Das, who spearheaded the post-demonetisation normalisation of the economy, was named the new RBI governor on December 11, a day after incumbent Urjit .....

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Former Employee Not Disqualified from Acting As An Arbitrator: SC(04.01.2019)

Supreme Court has held that the Arbitration and Conciliation Act, 1996, does not disqualify a former employee from acting as an arbitrator, provided t.....

Tags : Former employee, Arbitrator

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Nepal Asks RBI to Declare Banned New Indian Currency Notes Legal(06.01.2019)

The Nepal Rastra Bank (NRB) has written a letter on Friday to the Reserve Bank of India (RBI), asking it to make Indian bank bills Rs 200, Rs 500 and .....

Tags : RBI

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Charging Exorbitant Fee can Lead to Termination of Arbitrator's Mandate: Rajasthan HC(07.01.2019)

Rajasthan High Court has terminated the mandate of an arbitrator for charging exorbitant fee beyond the prescribed limit.

Tags : Rajasthan High Court, Termination of Arbitrator's Mandate

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RBI Issues Guidelines on Use of Tokenisation to Make Contactless Card Payments Safer(09.01.2019)

For now, this facility will be offered only through mobile phones and tablets and its extension to other devices will be examined by the regulator lat.....

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RBI Appoints Aadhaar Architect Nandan Nilekani as Chairman of Panel on Digital Payments(09.01.2019)

The five-member panel on deepening of digital payments has been constituted with a view to encourage digitisation of payments and enhance financial in.....

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Not Considering Any Proposal to Give More Powers to RBI: Finance Minister(09.01.2019)

The decision comes months after a tussle between the government and the RBI over the transfer of surplus funds and the reworking of lending options.

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SC Allows NGO to Make RBI Party in WhatsApp Payment Service Matter(15.01.2019)

A bench of Justices R F Nariman and Vineet Saran asked advocate Virag Gupta, appearing for the NGO, to file an application seeking to make RBI as a pa.....

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With GDP Size Increasing, There May Be Need For More Currency in System: RBI Official(17.01.2019)

Following demonetisation in November 2016, when the government junked high value currency notes of denominations 500 and 1,000, there was a shrinkage .....

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Jaitley Plays Down Rift With RBI, Says Highlighting Distresses of Economy Not Breach of Autonomy(18.01.2019)

As an autonomous institution, Jaitley respects the RBI for its autonomy. But, he maintains that during the consultation process one is entitled to fre.....

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Complexity of Indian Financial System Warrants Robust Corp Governance in Banks, Says RBI Governor(18.01.2019)

Speaking at the 9th Vibrant Gujarat Global Summit 2019, the RBI chief said the central bank is committed to play its role as the monetary authority fo.....

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Govt Sacks 2 PNB Executives for Ignoring RBI Advice That May Have Prevented Nirav Modi Fraud(21.01.2019)

The executive directors allegedly failed to follow RBI advice to link SWIFT (Society for Worldwide Interbank Financial Telecommunication) with the cor.....

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Supreme Court: Ineligible Arbitrator Can’t Nominate Another Arbitrator(04.07.2017)

Supreme Court has held that once arbitrator has become ineligible by operation of law, he cannot nominate another as an arbitrator.

Tags : Arbitrator, Supreme Court

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RBI: Report Fraud in 3 Days to Avoid Losses(07.07.2017)

RBI has capped the customer liability at Rs 25,000 if they report unauthorised bility at transactions within seven working days.

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RBI Limits Consumer Liability In Cases Of Online Fraud(13.07.2017)

RBI has mandated Banks to urge their customers to mandatorily register for SMS alerts, and, wherever available, to register for e-mail alerts, for ele.....

Tags : RBI, Online Fraud

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Arbitral Tribunal Awards Tata Motors Rs. 326-cr Claim in Dispute with DTC(18.08.2017)

The Arbitral Tribunal has awarded a claim of nearly Rs. 326 crore to Tata Motors Limited (TML) against DTC towards illegally recovered liquidated dama.....

Tags : Tata Motors, Arbitration

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Delhi HC Restrains Vodafone From Seeking Arbitration in Rs 20,000-Crore Tax Dispute Case(23.08.2017)

Delhi High Court has “restrained” Vodafone from going ahead with its arbitration proceedings against India under a treaty with the UK, in the Rs 20,00.....

Tags : Delhi HC, Vodafone, Arbitration

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RBI Leaves Repo Rate Unchanged; Cuts GVA Growth Estimate to 6.7%(05.10.2017)

The six-member Monetary Policy Committee of Reserve Bank of India, headed by Governor Urjit Patel has left the short-term lending rate, also known as .....

Tags : RBI, Repo Rate

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No Single Arbitration Reference For Disputes Arising Out Of Different Agreements :SC(16.10.2017)

Supreme Court has held that there cannot be a single arbitration reference for disputes arising out of different agreements, even if they are inter-li.....

Tags : Supreme Court, Arbitration

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Delhi HC: Proof Of Injury Necessary For Awarding Damages For Loss of Profits in Arbitration(23.10.2017)

Delhi High Court has held that it is imperative for the claiming party to submit proof of injury suffered in order to successfully claim damages for l.....

Tags : Delhi High Court, Arbitration

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RBI Clarifies 'Mandatory To Link Aadhaar With Bank Account'(23.10.2017)

Reserve Bank of India has clarified that linking of Aadhaar with bank accounts is mandatory.

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Supreme Court: Arbitration Initiated After Imposition Of Moratorium Under IBC is Non Est in Law(03.11.2017)

Supreme Court has held that arbitration proceedings instituted after the imposition of moratorium under Section 14 of the Insolvency and Bankruptcy Co.....

Tags : Supreme Court, Insolvency, Arbitration

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FEMA Norms Eased to Spur Investment from Fverseas(10.11.2017)

Reserve Bank of India (RBI) has simplified Foreign Exchange Management Regulations, by putting all the 93 amendments under one notification, a move th.....

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RSS Ideologue Gurumurthy Appointed to RBI Board, Says Accepted Role in Public Interest(09.08.2018)

Gurumurthy, who had referred demonetisation decision as the equivalent of Financial Pokhran, is associated with the Rashtriya Swayamsevak Sangh (RSS) .....

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Supreme Court Rules on Limitation Period for Application to Set Aside Arbitration Award(13.08.2018)

Supreme Court has held that limitation period to make application to set aside arbitral award would start running from the date of disposal of the app.....

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Oral Evidence in Application to Set Aside Arbitral Award Shouldn’t be Allowed: Supreme Court(21.08.2018)

Supreme Court has held that an application for setting aside an arbitral award will not ordinarily require anything beyond the record that was before .....

Tags : Supreme Court, Arbitration Award

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Supreme Court Says 'No' to Insolvency During Pendency of Proceedings Challenging Arbitral Award(21.08.2018)

Supreme Court has held that an insolvency process cannot be put into operation when there is a pending proceeding challenging the arbitral award.

Tags : Supreme Court, Insolvency, Arbitration

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Supreme Court: No Appointment of Arbitrator If There is Violation of Conditionality Clause(22.08.2018)

Supreme Court has observed that even after the 2015 amendment which inserted sub-section 6A in Section 11 of Arbitration and Conciliation Act, the arb.....

Tags : Supreme Court, Arbitration

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RBI to Conduct Exam for Applicants Who Failed to Appear Due to Kerala Floods(24.08.2018)

Those who have already appeared for the exam will however not be allowed to take it again, RBI said.

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RBI Grade B Result 2018 After Re-exam for Kerala Candidates, Check Notification here(24.08.2018)

RBI Grade B Result 2018 for Prelims is expected to be delayed as the Reserve Bank of India has decided to organize Re-Exam for candidates of the state.....

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As RBI Says 99.3% Demonetised Notes Back in Banks, Mamata Hits Out at Modi Govt(29.08.2018)

Mamata Banerjee’s statement comes after RBI said that as many as 99.3 percent of the old Rs 500 and 1,000 notes that were banned overnight in Novemb.....

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PM Modi Never Said Demonetisation Was About Black Money, Claims Union Minister(31.08.2018)

Shukla’s bizarre statement comes just a day after RBI data showed that 99.3% of demonetised notes were returned to banks, sparking a political war-o.....

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'No Need for Knee-Jerk Reaction': Arun Jaitley Blames 'Global Reasons' for Rupee's Steep Fall(06.09.2018)

The rupee's unabated fall continued for the sixth day on Wednesday as it hit yet another closing low of 71.75 against the US dollar, forcing the RBI t.....

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RBI's Deadline For Bankrupt Companies: Supreme Court Stays Insolvency Proceedings Against Defaulters(12.09.2018)

SC has halted insolvency proceedings against defaulters in the power, sugar, shipping and textile sectors, providing relief to borrowers hours before .....

Tags : Supreme Court, Insolvency, RBI

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3rd Parties to Arbitration Proceeding May Appeal If They Are Affected By Award: Bombay High Court(12.09.2018)

Bombay High Court has held that a third party to an arbitration proceeding has the right to maintain an appeal under Section 37 of the Arbitration and.....

Tags : Bombay High Court, Arbitration

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Challenge Against RBI Circular By Power Companies: SC Transfers All Pending Matters To Itself(13.09.2018)

SC has directed that twelve cases pertaining to the Insolvency Proceedings under the new RBI circular pending before High Courts of Madras, Gujarat, A.....

Tags : Supreme Court, Power companies, RBI Circular

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Stamp Duty Not Necessary For Enforcement Of Foreign Arbitration Awards In India: Supreme Court(14.09.2018)

Supreme Court has held that payment of stamp duty under the Indian Stamp Act is not necessary for the enforcement of foreign arbitration awards in Ind.....

Tags : Supreme Court, Stamp Duty, Arbitration

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Crypto-currency, Bitcoins Aren't Valid Currency or Money Under Existing Laws: RBI Tells SC(14.09.2018)

The affidavit field in Supreme Court said that the Reserve Bank of India (RBI) has the authority to notify instruments as valid currency but it should.....

Tags : Court, RBI, Supreme Court

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After Low Turnout at Previous Lectures, CVC Makes Attendance Compulsory for RBI Governor's Talk(19.09.2018)

The lecture is part of a monthly series, initiated after K V Chowdary took over as the Central Vigilance Commissioner in June, 2015.

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Yes Bank Board to Meet Tuesday After RBI Directive on Rana Kapoor's Tenure(24.09.2018)

Rana Kapoor, who has been managing director and CEO since Yes Bank's inception in 2004, had sought a three-year extension till August 31, 2021. But, t.....

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Place of Arbitration Doesn’t Ipso Facto Assume Status of Seat: Supreme Court(25.09.2018)

Supreme Court has held that place of arbitration does not ipso facto assume the status of its seat and observed that ‘venue’ cannot be equated with th.....

Tags : Supreme Court, Arbitration

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SC Directs RBI to Inform About Plan on Lowering of Floating Rates for Loans(08.10.2018)

Supreme Court has required the Reserve Bank of India to convey its decision as to the lowering of floating rates for loans to the advantage of the con.....

Tags : Supreme Court, RBI, Floating Rates

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RBI Officer Grade B Phase 2 Exam Result 2018 Out at rbi.org.in, Check Now(08.10.2018)

The Reserve Bank of India (RBI) has released RBI Officer Grade B Phase 2 Exam Result 2018 on its official website – rbi.org.in.

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Supreme Court Lists Out Factors to be Considered by Arbitrator While Awarding Interest(12.10.2018)

Supreme Court has listed factors that must be taken into consideration by the arbitrator while awarding interest, observed that discretion of the arbi.....

Tags : Supreme Court, Arbitration

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RBI to Banks: Connect All New Floating-Rate Home, Auto Loans to Repo from October(05.09.2019)

RBI has made it essential for banks to link all new floating-rate loans for housing, auto and MSMEs to external benchmark like repo from October 1, a .....

Tags : RBI, Repo

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Don’t Act in a Manner That Makes Public Think RBI, ED Are Politicians’ Puppets: Bombay HC(28.06.2018)

Bombay High Court has observed that those in power and opposition should not act in a manner which gives the public at large an impression that vital .....

Tags : Bombay High Court, ED, RBI

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Bank of China Will Now Have Offices in India, RBI Issues Licence(04.07.2018)

The decision to allow Bank of China to start operations was reached at a meeting between Chinese President Xi Jinping and Prime Minister Narendra Modi.....

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New Rules For Expedited And Cost-Efficient ICC Arbitration In Operation From 1 March 2017(10.03.2017)

International Chamber of Commerce (ICC) has introduced new rules for expedited proceedings that apply to all arbitration agreements entered into from .....

Tags : International Chamber of Commerce, Arbitration

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RBI Caps Banks' Exposure to Single NBFC at 20% of Capital Base(13.09.2019)

Reserve Bank of India (RBI) has observed that it has decided that a bank’s exposure to a single NBFC (excluding gold loan companies) will be restricte.....

Tags : RBI, NBFC

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Supreme Court: Party to Agreement Cannot be Arbiter in his Own Cause(13.09.2019)

Supreme Court has clarified that a party to an agreement cannot be an arbiter in his own cause. The Court observed that as long as the dispute remaine.....

Tags : Supreme Court, Arbiter

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RBI Permits Payment of all Recurring Bills Through BBPS(17.09.2019)

Reserve Bank of India (RBI) has expanded the scope of Bharat Bill Payment System (BBPS) to cover all repetitive bill payments, which may include scho.....

Tags : RBI, BBPS

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Modi Govt 'Sacrificing' Public Money by Investing in 'Risky' PSUs, Says Congress(19.09.2019)

Ajay Maken cited an RBI report and claimed that the Life Insurance Corporation of India has doubled its investment in 'risky' public sector undertakin.....

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SC: Additional Evidence in Proceedings u/s 34 Arbitration Act Can be Adduced Only in Exceptional Case(24.09.2019)

Supreme Court has observed that proceedings under Section 34 of Arbitration and Conciliation Act will not ordinarily require anything beyond the recor.....

Tags : Supreme Court, Arbitration and Conciliation Act

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RBI Grants PMC Bank Customers to Withdraw upto Rs 10,000(27.09.2019)

Reserve Bank of India (RBI) has eased the restrictions on depositors of Punjab & Maharashtra Cooperative Bank (PMC Bank), two days after it put a Rs 1.....

Tags : RBI, PMC

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RBI Enhances PMC Bank Depositors Withdrawal Limit to Rs 25,000(04.10.2019)

Reserve Bank of India has enhanced the withdrawal limits for depositors of the scam-hit Punjab & Maharashtra Cooperative Bank (PMC) to Rs 25,000 from .....

Tags : RBI, Withdrawal Limit

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RBI Eases Ban for those Looking to Buy Stake of Foreign Firms in India(04.10.2019)

Reserve Bank of India (RBI) has clarified that there would be no “blanket ban” on Indian companies wanting to buy stakes in overseas firms, which alre.....

Tags : RBI, Foreign Firms

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RBI Cuts Repo Rate from 5.40% to 5.15%(04.10.2019)

Reserve Bank of India (RBI) has lowered its key lending rate or the repo rate by 0.25 per cent — from 5.40 per cent to 5.15 per cent in its fourth bi-.....

Tags : RBI, Repo Rate

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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

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RBI Issues Guidelines on 'On Tap' Authorisation on Payment Systems(16.10.2019)

Reserve Bank of India has issued guidelines on 'on tap' authorisation of payment systems, including minimum networth criteria for different players, w.....

Tags : RBI, Payment Systems

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RBI Sets 24-hr Deadline to Bring Back Payment Data Processed Abroad(27.06.2019)

Reserve Bank of India (RBI) has observed that all payments-related data has to be stored within India and in cases where data gets processed abroad, i.....

Tags : RBI, Payment Data

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Supreme Court Refuses to Apply 'Group Of Companies' to Implead Foreign Company in Arbitration(03.07.2019)

Supreme Court has declined to invoke the group of companies doctrine to implead a foreign company in an application for appointment of arbitrator for .....

Tags : Supreme Court, Arbitration

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Lok Sabha Passes New Delhi International Arbitration Centre Bill, 2019(11.07.2019)

Lok Sabha has passed the New Delhi International Arbitration Centre Bill, 2019. The Bill, which replaces an Ordinance promulgated in March this year, .....

Tags : Lok Sabha, New Delhi International Arbitration Centre Bill, 2019

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SC: No Unusual Treatment to be Given to Govt While Considering Application for Stay of Arbitral Award(15.07.2019)

Supreme Court (SC) had held that there is no unusual treatment to be given to the Government while considering the application for stay under Section .....

Tags : SC, Arbitral Award

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Supreme Court Explains Venue of Arbitration Along With Jurisdiction of High Court(26.07.2019)

Supreme Court has noted that when a place is agreed upon by the parties as the 'venue' of Arbitration, only the High Court having jurisdiction over th.....

Tags : Supreme Court, Arbitration

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Supreme Court Explains Whether Arbitration Clause Can be Invoked After Parties Compromise(01.08.2019)

Supreme Court has ruled that when the parties to a contract containing arbitration clause have settled their differences and have arrived at a comprom.....

Tags : Supreme Court, Arbitration Clause

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Lok Sabha Passes Arbitration and Conciliation (Amendment) Bill, 2019(02.08.2019)

Lok Sabha has passed the Arbitration and Conciliation (Amendment) Bill, 2019. The Bill aims at making India an international arbitration hub by provid.....

Tags : Lok Sabha, Arbitration and Conciliation (Amendment) Bill, 2019

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RBI Imposes Rs 50 Lakh fine on PNB for Delay in Reporting Fraud in Kingfisher Airlines Account(03.08.2019)

Punjab National Bank in a regulatory filing said that the RBI took the decision based on a fraud monitoring report-1 that had been submitted by the ba.....

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Top Court Gives RBI Six Weeks to Establish WhatsApp Payments Data Localisation(05.08.2019)

Top Court has given Reserve Bank of India (RBI) six weeks to examine and report whether WhatsApp Payments has fulfilled its data localisation requirem.....

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Delhi High Court Pulls Up RBI for not Replying to Plea Claiming Misuse of Data by Banks(12.08.2019)

Delhi High Court has pulled up the Reserve Bank of India for failing to give any response, from February till date, to a petition seeking to stop bank.....

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Bombay High Court to RBI: State in 2 Weeks why you Keep Changing Features of Notes and Coins(23.08.2019)

Bombay High Court has lambasted the Reserve Bank of India (RBI) for not responding to the question why it frequently changed the size of currency note.....

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Apex Court: Application under Section 11 of Arbitration Act to Appoint Arbitrator Not Valid(28.08.2019)

Apex Court has ruled that an application under Section 11 of the Arbitration and Conciliation Act, 1996/Arbitration Act for appointment of an arbitrat.....

Tags : Apex Court, Arbitrator

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How is Google Pay App Operating Without Authorisation, Delhi HC Asks RBI(12.04.2019)

The petition has sought a direction to RBI to order Google to "immediately" stop GPay's "unauthorised operation" in India.

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How is Google's Payment App Operating Without Authorisation, Delhi High Court Asks RBI(12.04.2019)

The court issued notice to RBI and Google India seeking their stand on the issue raised in the plea by Abhijit Mishra, who has contended that GPay doe.....

Tags : Court, RBI, High Court

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Mandate of "Ineligible" Arbitrator u/s 12(5) of Arbitration Act terminates automatically: SC(17.04.2019)

Supreme Court held that ineligibility of a person barred from appointment as an arbitrator under Section 12(5) of the Arbitration and Conciliation Act.....

Tags : Supreme Court, Ineligible Arbitrator, Arbitration Act

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Person Ineligible to be Arbitrator U/S. 12(5) of Arbitration Act can’t Appoint Another Arbitrator: SC(17.04.2019)

Supreme Court has held that the appointment of arbitrator by a person who himself is ineligible to be an arbitrator as per Section 12(5) of Arbitratio.....

Tags : Supreme Court, Ineligible to be Arbitrator, Arbitration Act

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SC Directs RBI to Disclose Information on Bank Inspection Report Under RTI(26.04.2019)

Supreme Court has directed Reserve Bank of India (RBI) to disclose information pertaining to its annual inspection report of banks under the Right to .....

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SC Directs RBI to Disclose Information on Bank Inspection Report Under RTI(26.04.2019)

Supreme Court has directed Reserve Bank of India (RBI) to disclose information pertaining to its annual inspection report of banks under the Right to .....

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SC Directs RBI to Disclose Information on Bank Inspection Report Under RTI(26.04.2019)

Supreme Court has directed Reserve Bank of India (RBI) to disclose information pertaining to its annual inspection report of banks under the Right to .....

Tags : Supreme Court, RBI

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'It's the Last Opportunity': SC Orders RBI to Disclose Annual Inspection Reports of Banks Under RTI(26.04.2019)

Warning that any future violation of RTI would be viewed “seriously”, the court asked RBI to review its policy on disclosure of information under .....

Tags : Court, SC, RBI

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Karnataka HC Notice to Centre, RBI on Bank Branch Merger(06.05.2019)

Karnataka High Court has served a notice to the Reserve Bank of India, the Union Government and Canara Bank after hearing a PIL challenging the merger.....

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Supreme Court: Termination of Arbitration Proceedings Cannot Be Recalled(16.05.2019)

Supreme Court has noted that the termination of Arbitration proceedings by the Arbitrator under Section 32(2) (c) of the Arbitration and Conciliation .....

Tags : Supreme Court, Arbitration

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Despite RBI Clarification, No Takers for Rs 10 Coin in Manipur(17.05.2019)

Skepticism still runs high over the validity of the particular tender among local vendors and shopkeepers.

Tags : RBI

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Central Information Commission to RBI: Disclose Names of Big Defaulters(28.05.2019)

Central Information Commission has directed the Reserve Bank of India (RBI) to disclose the list of big loan defaulters it had sent to banks for resol.....

Tags : Central Information Commission, RBI

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Bombay High Court: Arbitrators Must List No of Cases They Have(30.05.2019)

Bombay High Court has observed that companies or their advocates often appoint the same advocate in hundreds, even thousands of disputes as their arbi.....

Tags : Bombay High Court, Arbitrators

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RBI Policy: RBI Cuts Repo Rate by 25 Bps(06.06.2019)

Reserve Bank of India’s monetary policy committee led by Shaktikanta Das cut the repo rate by 25 basis points while remaining considerate of growth co.....

Tags : RBI Policy, Repo Rate

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From Rate Cut to New NPA Norms, Here Are 10 Key Announcements Made by RBI Today(06.06.2019)

RBI’s MPC now sees consumer price index (CPI) inflation at 3-3.1% in the first half of FY20 and at 3.4-3.7% in the second half of FY20.

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Revised Guidelines on Bad Loans will Sustain Improvement in Credit Culture, Says RBI Guv(08.06.2019)

Speaking at the NIBM, at the 15th Annual Convocation of Post Graduate Diploma in Management, here, RBI Governor Shaktikanta Das said the new guideline.....

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RBI to Waive All Charges on Fund Transfers via RTGS and NEFT from July 1(12.06.2019)

Following up on the announcement of June 6 after the bi-monthly monetary policy review, the RBI said it has reviewed the various charges levied by it .....

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RBI Directs Banks to Grout ATMs to Wall, Pillar or Floor to Improve Security(17.06.2019)

Reserve Bank of India (RBI) has directed banks to ensure their ATMs are grouted to a wall, pillar, or floor by September-end, except those installed i.....

Tags : RBI, ATM

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Mere Delay in Passing Award by Itself can't be Ground to Appoint Another Arbitrator: SC(24.01.2019)

Supreme Court has observed that mere neglect of an arbitrator to act or delay in passing the award by itself cannot be the ground to appoint another a.....

Tags : Supreme Court, Ground to Appoint Another Arbitrator

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SC Issues Contempt Notices to RBI for Denying Info Under RTI on Loan Defaulters(28.01.2019)

Supreme Court has issued contempt notices to RBI for failing to reveal under the Right to Information Act intelligence received on loan defaulters and.....

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SC Issues Contempt Notices to RBI for Denying Info Under RTI on Loan Defaulters(28.01.2019)

Supreme Court has issued contempt notices to RBI for failing to reveal under the Right to Information Act intelligence received on loan defaulters and.....

Tags : Supreme Court, RBI

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Delhi HC Refuses To Stay Arbitration Against India Govt by Mauritius Company for Refund of 2G License(31.01.2019)

Delhi High Court has refused to stay international arbitration proceedings initiated against Union of India out of a Bilateral Investment Treaty (BIT).....

Tags : Delhi High Court, Arbitration, 2G License fees

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Arbitral Tribunal can't Award Interest if Agreement Expressly Bars Its Payment: SC(08.02.2019)

Supreme Court has reiterated that arbitrator cannot award interest on award if the agreement expressly prohibits grant of interest.

Tags : Supreme Court, Arbitral Tribunal can't Award Interest if Agreement Expressly Bars Its Payment

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Finance Minister Arun Jaitley to Address RBI Board Today in Post-Budget Meet(18.02.2019)

The customary post-budget meeting will take place against the backdrop of a slight deviation from the fiscal deficit target for the current financial .....

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RIGHT TO INFORMATION - CIC Pulls Up RBI for Non-Disclosure of Demonetisation Records(19.02.2019)

Central Information Commission has pulled up Reserve Bank of India for "perfunctory handling" of an RTI application seeking records of its board meeti.....

Tags : CIC, RBI, Demonetisation

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TENANCY - Whether Disputes Between Landlord-Tenant Arbitrable: SC Refers the Question to Larger Bench(08.03.2019)

Supreme Court has referred to larger bench the correctness of its judgment in Himangni Enterprises v. Kamaljeet Singh Ahluwalia, in which it was held .....

Tags : Supreme Court, Himangni Enterprises v. Kamaljeet Singh Ahluwalia, Landlord-Tenant Arbitrable

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RBI Says No Data on Demonetised Rs 500, 1,000 Notes Used at Petrol Pumps(10.03.2019)

In reply to an RTI query, the RBI said it has no data on the old 500 and 1,000 rupee notes used to pay for utility bills such as fuel at petrol pumps......

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CIVIL - Delhi HC Stays Appointment of Custodian of Undertakings of International Arbitration Centre(11.03.2019)

Delhi High Court has stayed order appointing Dr. Rajiv Mani, Joint Secretary & Legal Advisor, Department of Legal Affairs, Ministry of Law & Justice a.....

Tags : Delhi High Court, International Arbitration Centre

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ARBITRATION - Pre-Deposit Clauses to Invoke Arbitration Makes Arbitral Process Ineffective: SC(12.03.2019)

Supreme Court has observed that pre-deposit clauses to invoke arbitration would render the arbitral process ineffective and expensive, and also struck.....

Tags : Supreme Court, Arbitration, Pre-Deposit Clauses

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COMPANY - Arbitration Tribunal Dismisses Punj Lloyd’s Claim Against ONGC(15.03.2019)

An arbitration tribunal has rejected a Rs. 1,320 crores claim filed by engineering, procurement and construction (EPC) contractor Punj Lloyd against O.....

Tags : Arbitration Tribunal, Punj Lloyd, ONGC

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Modi Govt Declines RTI Query Asking for Details of Shaktikanta Das’ Appointment as RBI Governor(27.03.2019)

Shaktikanta Das was in December named as the Reserve Bank of India Governor by the Appointments Committee of the Cabinet headed by PM Narendra Modi. .....

Tags : RBI

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‘Ready to Return If....': Amid Buzz of Grand Alliance Backing, Raghuram Rajan Hints at Comeback(28.03.2019)

Former RBI governor Raghuram Rajan is speculated to be the opposition’s choice for finance minister if the grand alliance comes to power in upcoming.....

Tags : RBI

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Minimum Income Scheme Can be Realised by Cutting Other Doles, Says Former RBI Governor(29.03.2019)

In a big bang election promise, the Congress earlier this week announced that 20% families belonging to the poorest category will be given Rs 72,000 e.....

Tags : RBI

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Court can Appoint Arbitrator Only After Resorting to Procedure in Arbitration Agreement: SC(01.04.2019)

Supreme Court has observed that High Court, while dealing with an application under Section 11(6) of Arbitration and Conciliation Act, seeking appoint.....

Tags : Supreme Court, Appointment of Arbitrators

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Willful Defaulter under RBI Act can’t be represented through Advocate/CA: Madhya Pradesh HC(02.04.2019)

Madhya Pradesh High Court has held that a ‘willful defaulter’ under Reserve Bank of India (RBI) Act cannot be represented through the lawyers or Chart.....

Tags : Madhya Pradesh High Court, Willful Defaulter, RBI Act

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Supreme Court Quashes Tough Reserve Bank Circular on Resolving Bad Debt(02.04.2019)

Several companies, especially power firms, had sought intervention of the Supreme Court saying the time given by the RBI was not enough time to tackle.....

Tags : Court, RBI, Supreme Court

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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

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RBI Policy: RBI Cuts Repo Rate by 25 BPS(04.04.2019)

Reserve Bank of India's monetary policy committee (MPC), led by Governor Shaktikanta Das, has announced a 25 basis points cut in the short-term lendin.....

Tags : RBI Policy, Repo Rate

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Top Story

Cabinet approves Ordinance to set up a New Delhi International Arbitration Centre(28.02.2019)

In order to make India a hub of institutionalised arbitration, Union Government has approved promulgation of an Ordinance for establishing New Delhi I.....

Tags : Arbitration Centre, Ordinance, Approval

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New Delhi International Arbitration Centre Bill, 2019 gets Cabinet’s nod(12.06.2019)

The Union Cabinet chaired by Prime Minister approves New Delhi International Arbitration Centre Bill, 2019 (NDIAC) to achieve aim of making India a hu.....

Tags : Arbitration Centre, Bill, Approval

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Global Conference on Strengthening Arbitration and Enforcement in India(21.10.2016)

The National Institution for Transforming India (NITI Aayog) organised a three day Global Conference for strengthening National Initiative towards Str.....

Tags : Conference, Arbitration, Strethening

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Regulatory disclosure and public interest(16.12.2015)

The Supreme Court dismissed appeals arising out of Central Information Commission’s orders requiring the Reserve Bank of India to disclose information.....

Tags : Rbi, fiduciary relationship, disclosure, rti

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Others

Withdrawl of Soiled/Mutilated Notes from Circulation(07.08.2015)

The Reserve Bank of India informed that the object of 'Clean Note Policy' is withdrawal of soiled and mutilated notes from circulation and putting ade.....

Tags : rbi, clean note, currency

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Report on the working of the Reserve Bank of India for the year ended June 30, 2015(01.01.1900)

The Reserve Bank of India released its Annual Report 2014-15. The Report provides an overview on various aspects of the Indian economy. It also descri.....

Tags : rbi, annual report, 2014, 2015

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Blast from the Past

Party partaking in arbitration waives right to object validity(21.02.2002)

By participating in arbitration proceedings without protest, or objection before a court at the initial stage, a party is deemed to have waived its ri.....

Tags : arbitration, jurisdiction, acquiescence, participation, without protest

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