RBI Releases Draft Guidelines For Payment Aggregators States that merchants should be onboarded as per the Master Directions on Know Your Customer, 2016 The Reserve Bank of India (RBI) has...
Trilegal Advised Ambit And Avendus Capital On Karnataka Bank's First-Ever QIP Trilegal, a leading law firm, has represented the book running lead managers, Ambit Private Limited and Avendus Capital...
Bombay High Court: Banks, Financial Institutions Must Provide Reasoned Orders While Declaring Wilful DefaulterThe Bombay High Court has stressed the importance of banks and financial institutions...
DSK Legal advised Mizuho Bank Japan on their investment in Kisetsu Saison DSK Legal advised and assisted Mizuho Bank (Japan), and its affiliate (together, “Mizuho Bank”) with respect to their...
Supreme Court: NBFC Policy Governs Interest Rates, Loan Receiver Cannot Challenge after Repayment The Supreme Court has ruled that individuals who have borrowed at an agreed interest rate cannot...
Bombay High Court: Share Premium from Share Issuance Is Capital, Does Not Constitute Income The Bombay High Court has ruled that the share premium obtained from share issuance is categorized under...
Allahabad High Court Raps RBI For Allowing Banks To Arbitrarily Charge Borrowers High-Interest Rate States that it was the duty of the banking regulator to see that the customers were not...
RBI imposes ₹2.5 Crore Penalty on L&T Finance for Non-Compliance The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹2.50 crore on L&T Finance Limited for violating certain...
RBI Imposes Fines on Major Banks for Regulatory ViolationsThe Reserve Bank of India (RBI) on 25 September 2023, imposed fines on the State Bank of India, Indian Bank, Punjab & Sind Bank, and...
RBI Imposes Monetary Penalty on Four Co-Operative Banks of Gujarat and Maharashtra The fines were slapped due to deficiencies in regulatory compliance The Reserve Bank of India (RBI) has imposed...
RBI Issues Guidelines for Responsible Lending; Sets Timeline to Release Property Documents After Loan Closure The directions will be applicable to cases where release of original documents falls...
Bombay High Court Advises Courts to Refrain from Delving into RBI’s Monetary Framework Dismisses a petition alleging wrongdoing by officials during the 2016 demonetization policy The Bombay High...
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