Restructure the loan amount and release it to home buyers of Amrapali Group: SC to RBI
Supreme Court: The bench of Arun Mishra and UU Lalit, JJ directed the banks and financial institutions to release loans to home
RBI
BREAKING | Decoding of Rs 20 Lakh Crore Economic Package| New Definition of MSMEs; Tax filing due date extended to 30th November, 2020
Background: Amidst the Corona crisis, PM announced a special economic package with a new resolution. This economic package will serve as an
FDI Policy – Introduction and Changes
by Hari Prasad MS*
Causatum of Corona on the Banking Sector
by Arjun Garg* & Rati Tandon**
Bom HC | Duration of lockdown not to be reckoned for purpose of computing 90-day NPA declaration period
Bombay High Court: G.S. Patel, J., while fashioning a workable solution limited to the facts the instant case, ordered that subject to
COVID-19 | Del HC |SMA-2 not to be further classified as NPA if interest not paid during moratorium period (1-3-2020 to 31-5-2020); classification as NPA by Yes Bank reversed
Delhi High Court: Sanjeev Sachdeva, J. while addressing a petition held that, Classification of Petitioner’s account as Non-Performing Asset could not have been
SC quashes RBI’s ban on Cryptocurrency trading [Full Report]
Supreme Court: The 3-judge bench of Rohinton Fali Nariman, S Ravindra Bhat and V Ramasubramania, JJ has struck down the curb on
Penalty on — Fortune Integrated Assets Finance Ltd. for non-compliance of– Monitoring of Frauds in NBFCs (Reserve Bank) Directions, 2016
The Reserve Bank of India (RBI) has imposed, by an order dated January 31, 2020, a monetary penalty of Rs 2 lakh
Launch of Mobile Aided Note Identifier (MANI) for aiding visually impaired persons
RBI Governor launched the “Mobile Aided Note Identifier (MANI)”, a mobile application for aiding visually impaired persons to identify the denomination of
RBI releases “Guidelines for ‘on tap’ Licensing of Small Finance Banks in the Private Sector”
The Reserve Bank of India released on its website, “Guidelines for ‘on tap’ Licensing of Small Finance Banks in the Private Sector”.
Cabinet approves introduction of International Financial Services Centres Authority Bill, 2019 in Lok Sabha, after withdrawal from Rajya Sabha
The Union Cabinet approved for withdrawing of the International Financial Services Centres Authority, 2019 Bill which was introduced in the Rajya Sabha
RBI imposes ‘Monetary Penalty’ on 7 Public Sector Banks
Reserve Bank of India (RBI) has, by an order dated July 31, 2019, imposed monetary penalty on seven banks for non-compliance with
RBI refuses to disclose information under RTI; SC reserves judgment
Supreme Court: The Court has reserved order on two contempt petitions filed against Reserve Bank of India (RBI) for not complying with
Reserve Bank of India imposes monetary penalty on Punjab National Bank
RBI has imposed, by an order dated February 25, 2019, a monetary penalty of Rs 20 million (Rupees Twenty Million) on Punjab
Foreign Exchange Management (Export and import of Currency) (Amendment) Regulations, 2019
G.S.R. 151(E)—In exercise of the powers conferred by clause (g) of sub-section (3) of Section 6 and Section 47 of the Foreign
Disclosing information regarding printing of notes after demonetisation not exempted under RTI Act, RBI directed to disclose the same
Central Information Commission (CIC): The present matter was taken up by Sudhir Bhargava (Information Commissioner), under the Right to Information Act, 2005.
RBI’S crackdown on Cryptocurrencies — Facts and Implications
by Bhumesh Verma* and Soumya Shekhar**
RBI makes Aadhaar key to KYC compliance
Reserve Bank of India (RBI) has made linking of national biometric ID Aadhaar to bank accounts mandatory as part of its updated
RBI prohibits dealing in Virtual Currencies by regulated entities
Reserve Bank has repeatedly through its public notices on December 24, 2013, February 01, 2017 and December 05, 2017, cautioned users, holders
Prompt Corrective Action of RBI on Public Sector Banks
Reserve Bank of India has issued a Prompt Corrective Action (PCA) framework to maintain sound financial health of banks. It facilitates banks