RBI Opens Vostro Route for Foreign Investment in Government Securities
RBI allows persons resident outside India to invest surplus rupee balances in Government Securities via Special Vostro Accounts under updated FEMA and Master Direction framework.
RBI Circular
‘Accounts declared as fraud without adhering to principles of audi alteram partem’; Punjab and Haryana HC quashes FIR against borrowers
Respondents submitted that no opportunity of personal hearing was required to be assigned to the aggrieved, before the FIR was filed and registered.
[RBI Master Circular on fraud classification] Bombay High Court stays action by banks till September 11
Bombay High Court noted that all the petitions in the instant matter complained against the violation of principles of natural justice while following RBI directions.
Power to expand scope of ‘individual borrowers’ under RBI Circular, 2014 vests with RBI and not with High Court: Madras High Court
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”.
COVID 19 | Del HC | Yes Bank to file response in urgent petition seeking restraint from declaration of petitioner as NPA amid COVID-19
Delhi High Court: Sanjeev Sachdeva, J. addressed the urgent matter with regard to a direction being sought to Yes Bank regarding not taking any
SC declares February 2018 RBI Circular ultra vires
Supreme Court: Holding the Reserve Bank of India [RBI] Circular issued on 12.02.2018 ultra vires Section 35AA of the Banking Regulation Act,