madras high court
Case BriefsHigh Courts

Madras High Court said that the RBI guidelines are issued not as a formality, but the entities subjected to the RBI regulations should comply with the conditions of the master circular in its true letter and spirit

Hot Off The PressNews

RBI has directed to deposit the Rs. 2000 denomination banknotes in the bank accounts and/ or exchange them into banknotes of other denominations at any bank branch

Famous Banking Law Cases in India 2022 
Experts CornerSiddharth R Gupta

by Siddharth R. Gupta† and Prakriti††
Cite as: 2023 SCC OnLine Blog Exp 29

Madras High Court
Case BriefsHigh Courts

Madras High Court said that whether it is contractual employment, temporary engagements or otherwise, the procedure to be adopted by Banks must be transparent and in compliance with the mandates of the Constitution.

fraudulent
Case BriefsSupreme Court

‘Audi alteram partem application cannot be impliedly excluded under the Master Directions on Frauds.’

RBI
Legislation UpdatesNotifications

On 6-4-2023, the Reserve Bank of India (‘RBI’) imposed monetary penalty of Rs. 6.77 crores on Mahindra & Mahindra Financial Services Ltd.,

Monthly Roundup
Legal RoundUpTribunals/Regulatory Bodies/Commissions Monthly Roundup

Find interesting rulings by NCLT, NCLAT, RBI, ITAT, SEBI, NCDRC covering legal stories on FTS under India Netherlands DTAA, reconsideration of approved resolution plan in insolvency proceedings, definition of financial debt, compensation against doctor’s legal obligations, and much more.

Madras High Court
Case BriefsHigh Courts

Madras High Court said that the circular dated 2-08-2019, cannot have any implication in respect of the sole proprietary concern of the petitioner i.e., “M/s. Murugan Idli Shop”.

fraud
Case BriefsSupreme Court

The Supreme Court observed that principles of natural justice should be necessarily read into the provisions of the Master Directions on Frauds, to save it from the vice of arbitrariness.

Landmark Judgments on Banking Laws [2022] Part I
Experts CornerSiddharth R Gupta

by Siddharth R. Gupta†
Cite as: 2023 SCC OnLine Blog Exp 30

Delhi High Court
Case BriefsHigh Courts

The PIL seeks formulation and implementation of a scheme that conclusively addresses the grievances of other home buyers who may not have the capacity to approach courts/forums to seek redressal against builders.

RBI
Case BriefsTribunals/Commissions/Regulatory Bodies

On 3-3-2-2023, the Reserve Bank of India (‘RBI’) imposed a penalty of Rs. 3.06 crore on Amazon Pay (India) Private Limited for

Telangana High Court
Case BriefsHigh Courts

The Andhra Pradesh Micro Finance Institutions (Regulation of Money Lending) Act, 2011 and the Telangana Micro Finance Institutions (Regulation of Money Lending) Act, 2011 are not unconstitutional and the NBFCs operating in the States of Telangana and Andhra Pradesh registered with the RBI will be excluded from the purview of these two enactments.

RBI
Legislation UpdatesNotifications

On 20-2-2023, the Reserve Bank of India (‘RBI’) issued a circular on Implementation of Indian Accounting Standards (‘Ind AS’) to resolve the

RBI
Legislation UpdatesNotifications

On 9-1-2023, the Reserve Bank of India (‘RBI') modified the Master circular on Basel III Capital regulations revising the list of the

decision of demonetising
Hot Off The PressNews

Supreme Court: In a petition against the demonitisation of Rs. 500 and Rs. 1000 currency notes in 2016, the Constitution Bench of

RBI
Legislation UpdatesNotifications

    On 26-12-2022, the Reserve Bank of India (‘RBI’) has announced the Central Payments Fraud Information Registry (‘CPFIR’)- Migration of Reporting

RBI
Legislation UpdatesNotifications

    On 16-12-2022, the Reserve Bank of India (‘RBI') has announced Series III and IV of Sovereign Gold Bond Scheme 2022-2023.

RBI
Legislation UpdatesNotifications

On 13-12-2022, the Reserve Bank of India (‘RBI’) has issued circular on Disclosure of material items under the Reserve Bank of India

RBI
Legislation UpdatesNotifications

    On 12-12-2022, the Reserve Bank of India (‘RBI’) has issued Master Directions on Foreign Exchange Management (Hedging of Commodity Price