Reserve Bank of India
Legislation UpdatesNotifications

RBI imposed penalty on Central Bank of India for failing to comply with directions for Loans and Advances as well as Customer Protection.

Reserve Bank of India
Legislation UpdatesNotifications

RBI imposed penalty on Hero FinCorp for failing to comply with 2016 Directions related to Fair Practices Code.

Master Direction Asset Reconstruction Companies
Legislation UpdatesNotifications

Reserve Bank of India issues Master Direction to ensure prudent and efficient functioning of Asset Reconstruction Companies

Restrictions against Kotak Mahindra Bank
Legislation UpdatesRules & Regulations

RBI directed Kotak Mahindra Bank to “cease and desist” the onboarding of new customers through its online and banking channels

Calcutta High Court
Case BriefsHigh Courts

The extracts of the relevant web-pages furnished by the Hoichoi, the petitioners, themselves go on to show that the Google Play platform merely offers different payment methods but does not itself Act as a PA.

RBI imposes curbs on Paytm Payments Bank
Legislation UpdatesNotifications

The restrictions came after persistent non-compliances and continued material supervisory concerns in Paytm Payments Bank Ltd.

rbi
Legislation UpdatesNotifications

On 21-12-2023, the Reserve Bank of India (‘RBI’) notified the Foreign Exchange Management (Manner of Receipt and Payment) Regulations, 2023 mandating permission

delhi high court
Case BriefsHigh Courts

The petitions are premised upon a show cause notice issued by DRI promulgating that the intelligence has indicated that various entities of Adani Group and Essar Group were indulging in gross over-valuation of imported goods (zero or low duty rated) to siphon off money abroad from Public Listed Companies.

rbi
Legislation UpdatesNotifications

On 25-10-2023, the Reserve Bank of India (‘RBI’) directed all the Private Sector Banks and Wholly Owned Subsidiaries of Foreign Banks to

landmark-judgment (1)
Experts CornerSiddharth R Gupta

by Siddharth R. Gupta*
Cite as: 2023 SCC OnLine Blog Exp 78

banking the unbanked
Op EdsOP. ED.

by Hrishikesh Reddy Kothwal*

non voluntary amalgamation
Case BriefsSupreme Court

Supreme Court clarified that Clause 3(3) of amalgamation scheme does mention regarding continuation of legal proceedings by or against a transferee bank, but such amalgamation is aimed at securing larger public interest.

rbi
Legislation UpdatesNotifications

On 23-6-2023, the Reserve Bank of India (‘RBI’) imposed a penalty of Rs. 30 lakhs on Axis Bank Ltd. for non-compliance with

orissa high court
Case BriefsHigh Courts

A publicity interest litigation should be nipped in the bud so that valuable time of the Court is saved which can be effectively utilized in reducing huge pendency of cases.

delhi high court
Case BriefsHigh Courts

Delhi High Court noted that the present decision of the Government to dispense with Rs. 2000 denomination banknotes is not a decision towards demonetisation.

round-tripping dilemma
Experts CornerKhaitan & Co

by Rabindra Jhunjhunwala† and Sushmita Som††
Cite as: 2023 SCC OnLine Blog Exp 47

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