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RBI

Legislation UpdatesNotifications

RBI issues circular on takeover/ acquisition of control of non- bank payment system operators and sale and transfer of payment system activity

    On 04-07-2022, the Reserve Bank of India (‘RBI') has issued a circular determining the requirements for obtaining prior approval in

Published on July 6, 2022July 6, 2022By Editor_4
Leave a comment2617 views
Legislation UpdatesNotifications

RBI issued Guidelines on Note Authentication and Fitness Sorting Parameters

    On 01-07-2022, Reserve Bank of India (‘RBI') issued guidelines on authentication of note and fitness sorting parameters for the Note

Published on July 4, 2022July 4, 2022By Editor_4
Leave a comment2592 views
Legislation UpdatesNotifications

RBI notified provisioning requirement for Investment in Security Receipts in order to provide glide path for the Regional Rural Banks

    On 28-08-2022, Reserve Bank of India (‘RBI') notified that for smooth functioning of the Regional Rural Banks (‘RRBs') and to

Published on July 4, 2022July 4, 2022By Editor_4
1 Comment3366 views
Hot Off The PressNews

RBI encourages cardholders to tokenize their cards for their own safety; Extends card tokenisation deadline by three months

The Reserve Bank of India (RBI) has extended the deadline for tokenisation of debit and credit cards by another three months to

Published on June 27, 2022June 27, 2022By Editor_4
Leave a comment1389 views
Op EdsOP. ED.

Wilful Defaulter Circular: A Much-Needed Munition or a Growing Conundrum

by Bishwajit Dubey*, Shatrajit Banerji** and Prafful Goyal***

Published on May 30, 2022May 30, 2022By Editor_4
1 Comment13607 views
Case BriefsHigh Courts

Can low CIBIL Score of a co-borrower be a reason for denial of an education loan? Ker HC deciphers

Kerala High Court: In a case wherein, due to low CIBIL Score education loan was denied, N. Nagaresh, J., directed for reconsideration

Published on May 23, 2022May 27, 2022By Bhumika Indulia
Leave a comment3685 views
Case BriefsHigh Courts

Cal HC | There are many known heroes and unsung heroes, if everybody starts making such a claim there will not be an end; Petition for printing Netaji’s picture on currency notes dismissed

Calcutta High Court: The Division Bench of Prakash Shrivastava, CJ. and Rajarshi Bharadwaj, J. dismissed a petition which was filed by the

Published on April 27, 2022May 6, 2022By Editor_4
Leave a comment1687 views
Case BriefsTribunals/Commissions/Regulatory Bodies

While examining the complaint, can CIC direct disclosure of information under S. 18 of RTI Act? CIC answers

Central Information Commission (CIC): Neeraj Kumar Gupta (Information Commissioner) addressed a matter wherein it was alleged that the respondent intentionally provided an

Published on April 19, 2022May 6, 2022By Bhumika Indulia
Leave a comment3222 views
Bombay High Court
Case BriefsHigh Courts

Can Currency Notes in police custody pre-demonetisation, be replaced with current valid tender? Bom HC decides

Bombay High Court: The Division Bench of G.S. Patel and Madhav J. Jamdar, JJ., addressed a matter concerning currency notes pre-demonetisation and

Published on March 22, 2022April 1, 2022By Bhumika Indulia
Leave a comment2615 views
Case BriefsSupreme Court

“Shylock has received their promised pound of flesh but they seem to want more”; Bank entitled to withhold payment where Bond holder’s title is clouded as fraudulent: SC

Supreme Court: The Division Bench of Hrishikesh Roy* and R. Subhash Reddy, JJ., while deciding on an appeal challenging dismissal of suit

Published on February 23, 2022February 25, 2022By Editor_4
Leave a comment2648 views
Op EdsOP. ED.

From Banning to Regulating: Unexpected Journey of Cryptocurrencies in India

by Tariq Khan† and Gauri Rajput††
Cite as: 2022 SCC OnLine Blog Exp 11

Published on February 3, 2022July 24, 2023By Bhumika Indulia
2 Comments3316 views
Op EdsOP. ED.

Financial Information: Boarding the Information Superhighway

by Pramod Rao†
Cite as: 2022 SCC OnLine Blog Exp 6

Published on January 27, 2022February 24, 2023By Bhumika Indulia
Leave a comment3342 views
Case BriefsSupreme Court

No borrower can claim benefit of One Time Settlement Scheme as a right; Can’t encourage dishonest borrowers: SC

“If it is held that the borrower can still, as a matter of right, pray for benefit under the OTS Scheme, in that case, it would be giving a premium to a dishonest borrower.”

Published on December 16, 2021December 17, 2021By Prachi Bhardwaj
Leave a comment10418 views
Op EdsOP. ED.

A Regulatory Approach to Cross-Border Transactions through Cryptocurrency in India

by Meenal Garg*

Published on November 23, 2021November 23, 2021By Editor_4
1 Comment8875 views
Case BriefsHigh Courts

Virtual Currency | Dealing in virtual currency and duping people of Rs 2.5 Crores: Can bail be granted for such alleged economic offences? Read full report to know

Delhi High Court: Getting indulged in Virtual Currencies even after receiving public notices not to deal in the same and further duping

Published on October 28, 2021November 4, 2021By Bhumika Indulia
1 Comment2532 views
Legislation Updates

Reserve Bank of India (Prudential Norms on Capital Adequacy for Local Area Banks) Directions, 2021

The Reserve Bank of India has issued the Reserve Bank of India (Prudential Norms on Capital Adequacy for Local Area Banks) Directions,

Published on October 28, 2021October 28, 2021By Editor_4
Leave a comment3379 views
Business NewsNews

Mergers & Acquisitions (M&A) | CCI gives approval for acquisition of shareholding in HDFC Ergo General Insurance Co. Ltd. by HDFC Bank Ltd.

Acquisition approval by Competition Commission of India  The Competition Commission of India (CCI) approves acquisition by HDFC Bank Limited (Acquirer) of shareholding

Published on October 27, 2021October 26, 2021By Bhumika Indulia
1 Comment4803 views
Legislation UpdatesNotifications

RBI issues Master Directions- RBI (Transfer of Loan Exposures) Directions, 2021

On September 24, 2021, the Reserve Bank of India (RBI) has issued the Reserve Bank of India (Transfer of Loan Exposures) Directions,

Published on September 28, 2021September 28, 2021By Bhumika Indulia
Leave a comment3216 views
Legislation UpdatesRules & Regulations

Interest on advance payment must not exceed 100 basis point above LIBOR rate

On September 08, 2021, the Reserve Bank of India has notified the Foreign Exchange Management (Export of Goods and Services) (Amendment) Regulations,

Published on September 13, 2021September 13, 2021By Editor
Leave a comment2083 views
Op EdsOP. ED.

Will the year of Cryptocurrency ever arrive in India?

by Swarnendu Chatterjee† & Yashika Bhardwaj††

Published on August 2, 2021August 3, 2021By Editor_4
7 Comments3607 views

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