Legislative & Regulatory Updates
The Ministry of Finance's Department of Financial Services has notified October 1, 2026 as the date on which the provisions of the Bankers' Books Evid...
6 Statute Refs
The Ministry of Finance has officially sanctioned the issuance of a pure silver commemorative coin of Rs 100 denomination to mark the centenary milest...
1 Statute Refs
The President of India has granted assent to the Bankers' Books Evidence Act, 2026, a landmark legislation that modernizes the rules of evidence for t...
1 Statute Refs
The Reserve Bank of India has formally inducted Coastal Local Area Bank Limited into the Second Schedule of the Reserve Bank of India Act, 1934, eleva...
1 Statute Refs
High Court & Supreme Court Updates
The Supreme Court has clamped down on non-banking financial companies and banks employing illegal self-help repossessions without notice, directing st...
2 Case Citations4 Statute Refs
The Kerala High Court has reinforced the Directorate of Enforcement's (ED) sweeping powers to freeze bank accounts under the anti-money laundering fra...
2 Case Citations3 Statute Refs
The Madras High Court has slammed the brakes on a bidder's attempt to revive a cancelled e-auction, ruling that the unconditional acceptance and encas...
1 Case Citations4 Statute Refs
The High Court at Calcutta has reprimanded the practice of arbitrary banking restrictions, ruling that financial institutions cannot maintain a debit ...
1 Case Citations1 Statute Refs
In a decisive reinforcement of the reverse onus principle, the Himachal Pradesh High Court has ruled that a signed blank cheque issued as security is ...
12 Case Citations2 Statute Refs
The Gujarat High Court has quashed criminal proceedings against a man accused of abetting a suicide, ruling that the mere exertion of pressure for deb...
2 Case Citations2 Statute Refs
In a major verdict reinforcing banking regulatory oversight over co-operative institutions, the Supreme Court ruled that the Reserve Bank of India's a...
3 Case Citations2 Statute Refs
Law & Policy
The Ministry of Finance on 15th September 2026 clarified that the new UPI framework will not affect person-to-person (P2P) transactions, which will co...
