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Banking Regulation Act

RBI Evaluates Gazprombank and Alfa Bank Branch Applications Entries Balancing Geopolitical and Economic Interests

Shreya Khandkar

The Reserve Bank of India(RBI) is currently navigating a complex landscape of geopolitical pressures and economic interests as it considers...

Now Open Bank Account & Safe Deposit Lockers without Nominee: RBI Releases New Directions [Read...

Centre Notifies Enforcement Date for Key Provisions of the Banking Laws (Amendment) Act, 2025 [Read...

RBI Seeks Stakeholders’ Comments on Draft Directions on Lending to Related Parties [Read Draft]

RBI Allows Co-operative Banks to Invest up to 5% of Owned Funds in NABARD’s Shared Service Entity

Calcutta HC Upholds DRAT Order dismissing Appeal of MSME against action of Bank under SARFAESI Act [Read Order]

In a recent case, the Calcutta High Court upheld the Debts Recovery Appellate Tribunals (DRATs) order dismissing the appeal of Micro, Small and Medium Enterprise (MSME) against the action of the ...

RBI Revises Priority Sector Lending Norms for Small Finance Banks: PSL Target Reduced to 60% from FY 2025-26 [Read Notification]

The Reserve Bank of India (RBI) has announced a revision to the Priority Sector Lending (PSL) requirements for Small Finance Banks (SFBs). Effective from the financial year 2025–26, SFBs will now be...

FinMin exempts Indian Bank from Banking Regulations Act for exceeding Shareholding in ASREC (India) Limited [Read Notification]

The Ministry of Finance has announced a notification allowing Indian Bank a temporary exemption from certain provisions of the Banking Regulation Act, 1949. Specifically, the bank can now continue...

RBI Imposes ₹31.8 Lakh Penalty on Bank of Maharashtra for Aadhaar e-KYC Norm Violations

The Reserve Bank of India ( RBI ) fined the Bank of Maharashtra Rs. 31.80 lakh for not following the rules properly while opening bank accounts using Aadhaar-based OTP (one-time password) e-KYC in...

ITAT rules Section 115JB Inapplicable to SBI for AY 2006-07, Exempts Banks from MAT Provisions [Read Order]

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT), provided relief to the State Bank of India (SBI) in an appeal concerning the applicability of Minimum Alternate Tax (MAT) provisions...

Failure to Consider Income Tax Assessee's Request for Personal Hearing Amounts to Violation of Natural Justice: Kerala HC Rules in favour of Federal Bank [Read Judgment]

In a ruling in favour of Federal Bank Ltd, the Kerala High Court held that failure of income tax authorities, by not considering a request for personal hearing of assessee has...

SBI and Canara Bank Slapped with Rs. 2.34 Crore Penalty by RBI for Regulatory Compliance Failures

The Reserve Bank of India ( RBI ) has imposed huge monetary penalties on two major players in the banking arena, namely the State Bank of India ( SBI ) and Canara Bank, citing violations and...