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Positive Pay System (PPS): Enhancing Security in Cheque Transactions
The Positive Pay System (PPS) is an essential security measure implemented by banks to protect against cheque fraud. This system involves...
Aug 19, 20242 min read


Justice BR Gavai Inaugurates India's First Digital Court for NI Act Cases in Kerala, Highlighting Technology's Role in Making Justice More Accessible
On August 16, 2024, Justice BR Gavai inaugurated several innovative digital initiatives at the Kerala High Court, marking a significant...
Aug 19, 20242 min read


RBI imposes monetary penalties on Bank of Maharashtra, Hinduja Leyland Finance Ltd and Poonawalla Fincorp Ltd for Regulatory Non-Compliance
The Reserve Bank of India (RBI) imposed monetary penalties on the following three financial institutions for Regulatory Non-Compliance:...
Aug 18, 20242 min read


High Court Finds Delays by TransUnion CIBIL Ltd in Updating Borrowers' Credit Ratings Constitute a Breach of Their Fundamental Rights Under Article 21
High Court found Delays by TransUnion CIBIL Ltd. in updating borrowers' credit ratings constitute a breach of their fundamental rights...
Aug 16, 20243 min read


Exploring the Role of Insolvency Professionals: Second Annual Research Workshop on Insolvency and Bankruptcy
The Second Annual Research Workshop will be held on 1st & 2nd March 2025 at the Indian Institute of Management Ahmedabad (IIMA),...
Aug 14, 20242 min read


Supreme Court Sets Aside High Court Order, Affirms Mandatory Compliance with MSME Restructuring Framework Before NPA Classification
Supreme Court set aside the High Court order and affirmed mandatory compliance with the MSME restructuring framework before NPA...
Aug 14, 20243 min read


Sharp Rise in Foreign Engagement of Indian Mutual Funds and Asset Management Companies (AMCs)
Today, the Reserve Bank of India (RBI) released the results of the 2023-24 survey on Foreign Liabilities and Assets of Mutual Fund (MF)...
Aug 13, 20242 min read


RBI Imposes ₹1.06 Crore Penalty on Union Bank of India for Regulatory Non-Compliance
On August 6, 2024, the Reserve Bank of India (RBI) imposed a monetary penalty of ₹1,06,40,000 on Union Bank of India for non-compliance...
Aug 13, 20241 min read


Harmonisation of Regulations for Housing Finance Companies (HFCs) and Non-Banking Finance Companies (NBFCs)
The Reserve Bank of India (RBI) has issued a circular dated August 12, 2024, as part of the phased approach announced in the earlier...
Aug 13, 20242 min read


Government Introduces Banking Laws (Amendment) Bill 2024: Key Reforms to Enhance Bank Account Flexibility and Governance
On August 9, 2024, the Government introduced the Banking Laws (Amendment) Bill, 2024 in the Lok Sabha, marking a significant overhaul of...
Aug 11, 20242 min read
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