Revised Guidelines for Settlement of Claims of Deceased Depositors and Locker Hirers
There are two possibilities in a bank account maintained by a customer viz. (i) a deposit account is opened in a bank with a valid nomination or with the survivorship clause like ‘either or survivor’, or ‘anyone or survivor’, or ‘former or survivor’ or ‘latter or survivor’ etc. (ii) A deposit account is opened in…
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Position of a partnership firm when a partner dies or retires or becomes insolvent
Section 42 of the Indian Partnership Act, 1932 (“Act”) provides for dissolution of partnership on occurrence of certain contingencies which includes ‘death of the partner’ or ‘adjudication of a partner as an insolvent’ or if constituted for a fixed term, by the expiry of that term, etc.as one of those contingencies. However, the partnership need…
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Basel III Framework: Revised Guidelines on Liquidity Standards – Liquidity Coverage Ratio (LCR)
The Reserve Bank of India (RBI) has issued revised guidelines pertaining to liquidity standards, with a particular focus on the Liquidity Coverage Ratio (LCR), following feedback from stakeholders. These amendments, which will come into effect from April 1, 2026, introduce several key changes aimed at enhancing the liquidity risk management framework in alignment with global…
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Regulatory Guidelines Governing Credit Information Companies (CIC)
The Credit Information Companies (Regulation) Act, 2005 is an Act to provide for regulation of credit information companies and to facilitate the efficient distribution of credit and for matters connected therewith or incidental thereto. The Reserve Bank of India and the Government of India have enacted the Credit Information Companies Regulations, 2006 (“Regulations”) and the…
Read article RBI MPC Cuts repo rate by 25 bps, Stance changed to accommodative
RBI MPC Reduces Repo Rate by 25 Basis Points; Policy Stance Shifted to Accommodative The Reserve Bank of India’s Monetary Policy Committee (MPC) has reduced the repo rate by 25 basis points to 6.00%, effective immediately. Additionally, the policy stance has been revised from neutral to accommodative, reflecting the recent trend of easing headline inflation…
RBI cuts repo rate by 25 bps to 6.25%: Continues with neutral stance
Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) has decided to cut the repo rate for the first time in two years, reducing it by 25 basis points to 6.25 per cent from 6.5 per cent, Governor Sanjay Malhotra announced on Friday. During the meeting, which took place between February 5 and 7, MPC…
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