Tag
Banking & NBFC
79 articles
Recent Supreme Court activity highlights ongoing legal scrutiny within the banking and NBFC sector. Several petitions concerning loan recovery, benami property vesting, and guarantor insolvency were heard, with outcomes ranging from dismissals due to procedural delays to modifications of prior judgments. Notably, the court modified a clause related to the vesting of benami properties, clarifying the process and appeal rights. These developments underscore the complex legal landscape facing financial institutions and signal continued judicial oversight of their practices, while Muthoot Finance’s recognition as the most trusted financial services brand for the tenth consecutive year demonstrates the resilience and reputation of established players.
Supreme Court Dismisses SLP Against Mahanagar Bank
Supreme Court granted permission to file Special Leave Petition by Madan Mohan Shrivastava against Mahanagar Nagriik Sahkari Bank.
The Court dismissed the petition, refusing to interfere with the High
Himachal Pradesh Gramin Bank: Rs.40k Fine Suspended
Supreme Court heard petition by Bhupat Singh against Himachal Pradesh Gramin Bank over a Rs.40,000 fine.
Court suspended the sentence and granted bail, allowing payment of the remaining Rs.28,000 to t
UCO Bank v. Nanda: SC Orders August Listings
Supreme Court heard UCO Bank's petition against Debashish Nanda on 20‑05‑2026, arising from CAAT judgments dated 29‑10‑2025.
The bench comprising Justices Dipankar Datta and Augustine George Masih dir
Mana Ram vs Axis Bank Appeal
Supreme Court heard petition 15538/2026 filed by Mana Ram and Company against Axis Bank Limited and others.
Petition seeks exemption from filing certified copy and other documents of the impugned High
Supreme Court Modifies Benami Property Vesting Clause
Supreme Court allowed modification of paragraph 20.8 in its 24 Feb 2026 judgment in Civil Appeal No. 7140/2022.
Applicants Indian Overseas Bank and Bank of India sought to change wording on vesting of
NCLT Kolkata Admits Bank of Baroda Guarantor Insolvency Application
NCLT Kolkata admits application under IBC Section 99 for insolvency resolution against personal guarantor Mr. Bhupendra Singh.
Tribunal condones 9-day delay in filing, takes Resolution Professional's
NCLAT Lists SBI Insolvency Appeals for Hearing
NCLAT lists three interconnected insolvency appeals involving State Bank of India and other parties for hearing on May 18, 2026.
Appeals challenge orders related to corporate insolvency resolution pro
NCLT Closes Canara Bank Personal Guarantor Insolvency
NCLT Allahabad allows application to close Personal Insolvency Resolution Process against Rakhi Pandey.
Process concluded after a One Time Settlement was fully paid to financial creditor Canara Bank.
NCLT Defers Central Bank Insolvency Hearing
NCLT New Delhi defers hearing in Central Bank of India's insolvency petition against Worlds Window Exim due to power outage.
Case IB-108/ND/2025 under Section 7 of IBC, 2016 was scheduled for hearing
RBI Money Market Volume 7.38 Lakh Cr
RBI reported total overnight money market volume of ₹7,38,985.90 crore with weighted average rate of 5.08% on May 19, 2026.
The Liquidity Adjustment Facility injected ₹1,76,014.00 crore net liquidity,
RBI 5-Day VRR Auction ₹150,000 Cr
RBI conducted 5‑day Variable Rate Repo auction on May 20, 2026, offering ₹150,000 crore.
Bids received totaled ₹16,435 crore, fully allotted at cut‑off rate of 5.26%.
Weighted average rate matched cut
RBI Publishes Reserve Money Data for Fortnight
RBI released reserve money figures for the fortnight ending May 15, 2026, indicating the latest monetary base level.
The data is published in an Excel sheet linked in the press release, enabling marke
Ashok Tiwari vs DBS Bank India NCLAT Appeal
NCLAT lists insolvency appeal filed by Ashok Tiwari against DBS Bank India Ltd for hearing on 28 May 2026.
Appeal challenges proceedings involving DBS Bank India and asset reconstruction company ACRE.
Uttar Bihar Gramin Bank Appeals Patna HC Judgment
Supreme Court heard petition by Uttar Bihar Gramin Bank & Ors. against Umesh Chandra Byas on 19‑May‑2026.
The Court granted the joint prayer to list the matter for hearing on 29‑July‑2026, with interi
Supreme Court Hears J&K Bank Appeal
Supreme Court heard arguments in Civil Appeal No.11950/2025 between Pooja Ramesh Singh and Jammu & Kashmir Bank Ltd on 19‑May‑2026.
The Court reserved judgment and directed parties to file written sub
Muthoot Finance Leads Financial Services Trust 10th Year
Muthoot Finance named No.1 Most Trusted Financial Services Brand in TRA Research Brand Trust Report 2026, its 10th consecutive year.
The NBFC operates over 7,500 branches across 29 states/UTs, serving
Equitas SFB May 25 Investor Meetings Schedule
Equitas SFB schedules non-deal roadshow meetings with Nippon India, Mirae Asset, and ICICI Prudential Mutual Funds on May 25, 2026.
Meetings will be conducted in person in Mumbai, with a pre-hosted Q4
Bhaskar International vs SBI 8.09 Cr Dismissed
Supreme Court dismissed petition for special leave filed by Bhaskar International Private Ltd and others against SBI regarding SARFAESI possession order.
Petitioners sought to halt SBI's takeover of p
Jana Small Finance Bank EGM for ₹728.5 Cr Warrant Issue
• Jana Small Finance Bank convenes EGM on June 11, 2026 to seek shareholder approval for three special resolutions.
• Proposes preferential issue of 1.57 crore warrants to six investors at ₹464.82 per
Supreme Court Dismisses Mehta SLP, 515‑Day Delay
Supreme Court dismissed the Special Leave Petition filed by Mehta Ayurvedic Pharmacy & Ors against Baroda People Co‑operative Bank.
Court refused to condone a 515‑day filing delay and a 132‑day refili
Union Bank of India Pays Rs30 Lakh
Supreme Court dismissed the Special Leave Petition and ordered Union Bank of India to pay Rs 30 lakh to landlord.
The bank occupied the premises from 2013, renewed lease with 25% rent increase, and st
Yes Bank vs Axis Trustee Appeal Judgment Recalled
Supreme Court heard Civil Appeal No.3182/2025 between Yes Bank Ltd and Axis Trustee Services Ltd on 19 May 2026.
Court recalled the earlier order dated 26 February 2026 that had reserved judgment in t
Canara Bank Appeal Order: Docs Missing
Supreme Court heard petition by Canara Bank & others seeking special leave to appeal against High Court judgment dated 17‑11‑2025.
Respondent Avipsit Rath submitted documents not on record; Court dire
State Bank of India SLP Admission 2026
Supreme Court admitted State Bank of India's SLP (Criminal) No. 4579/2026 against Prashanth B Hegde & Ors. on 19 May 2026.
The Court directed issuance of notice to unrepresented respondents and grante
SBI vs Ajay Sood: Appeal Not Deleted
Supreme Court heard petitions 6288-6289/2025 filed by Ajay Sood against State Bank of India and others.
The petitions arise from a High Court judgment dated 14‑07‑2023 in CWP No. 4844/2020 and RP No.
Court Condones Delay – Central Bank India
Supreme Court heard SLP by Pradeep Kumar Shukla vs Central Bank of India, stemming from 12‑01‑2026 High Court order.
The bench, Justices J.K. Maheshwari and Atul S. Chandurkar, condoned filing delay a
NCLAT Adjourns Bank of Baroda vs Vedara India Appeal
NCLAT adjourned hearing for Comp. App. (AT) (Ins) No. 1524 of 2025 to June 30, 2026.
The appeal involves Bank of Baroda as appellant versus Vedara India Ventures Pvt. Ltd.
The order was issued by a tw
SC Dismisses Transfer Petition Against Jana Bank
Supreme Court dismissed Transfer Petition No.802/2025 filed by Noor Mohd. Abbasi & Anr against Jana Small Finance Bank Ltd.
Court cited Section 142(2) of the Negotiable Instruments Act, 1881 and prior
NCLAT Lists Pankaj Vaidya vs Canara Bank Appeal
NCLAT lists insolvency appeal between Pankaj Vaidya and Canara Bank for hearing on May 19, 2026.
Tribunal directs both parties to submit written submissions and legal authorities before next hearing.
IndusInd Bank to Issue 80 Occupancy Certificates
Supreme Court heard Civil Appeal No.814/2026 filed by Lotus 300 Apartment Owners Association against IndusInd Bank Ltd and others.
Court found about 80 home‑buyers still lack occupancy certificates pe
Central Bank Insolvency Case Adjourned to July 2026
NCLT adjourns Central Bank of India's insolvency application against Deepak Kapoor to 1 July 2026.
Case heard under Section 95(1) of Insolvency & Bankruptcy Code 2016 in New Delhi Court-IV.
Adjournmen
SBI HR Dept Delay Condoned by Supreme Court
Supreme Court condoned filing delay in Special Leave Petition filed by Munna Lal Yadav against SBI’s HR Department.
The order was delivered on 18 May 2026 by Justices Prashant Kumar Mishra and Alok Ar
Nagpur Cooperative Bank Gets Unlimited Trial Extension
Supreme Court heard application by Nagpur District Central Cooperative Bank seeking time extension for trial ordered on 29 Jan 2019.
Court noted prior similar extensions and granted indefinite extensi
Aska Co-operative Bank Seeks Delay Condonation
Supreme Court heard petition by Aska Co-operative Central Bank Ltd seeking condonation of filing delays on IA Nos. 296818/2025 and 296819/2025.
Petition arises from impugned High Court of Orissa judgm
Supreme Court Adjourns Jankalyan Sahakari Bank Appeal
Supreme Court heard Special Leave to Appeal petition by Anil Vinayak Damle & Anr against Jankalyan Sahakari Bank Ltd.
Justices M.M. Sundresh and Satish Chandra Sharma presided; counsel for both partie
IDBI Bank Appeal Set for Nov 2026
Supreme Court listed Civil Appeal No.1568/2022 (Sabbas Winifred Joseph vs IDBI Bank Ltd) for hearing week commencing 16 Nov 2026.
The early hearing application IA No.75716/2026 was disposed, directing
Jana SFB One-on-One Meet with White Oak
Jana Small Finance Bank schedules a virtual one-on-one investor meeting with White Oak Capital on 22nd May 2026.
The meeting is confirmed to be based on generally available information with no unpubli
Axis Bank Appeal Stay on Rs 31.96 Cr Deposit
Supreme Court admits Axis Bank’s appeal against Procure Logistics, ordering a one‑month unconditional stay of the impugned order.
The Court mandates Axis Bank to deposit Rs 3,19,58,500 with the regist
Alethea Infotel & Standard Chartered Mediation Order
Supreme Court heard Transfer Petition No. 355/2026 between Alethea Infotel Private Ltd and Standard Chartered Bank on 15 May 2026.
Justice N.V. Anjaria, with counsel for both sides, noted parties' wil
SBI Wins Supreme Court Appeal Dismissal
Supreme Court dismissed Bernard John’s civil appeal against State Bank of India, upholding the lower tribunal’s order.
The court also condoned delay in filing but ordered disposal of pending applicati
SBI Appeal Petition Not Taken Up, Listed
Supreme Court heard Petition for Special Leave to Appeal No. 21135/2024 filed by B.M. Satyanarayana against State Bank of India & others.
The petition seeks exemption from filing O.T., arising from a
Indian Bank SLP Petition Not Taken Up
Supreme Court listed Indian Bank’s SLP petition (C) 4081/2025 for a hearing on 13‑07‑2026 after its initial 18‑05‑2026 hearing.
The petition challenges the Madras High Court’s 10‑09‑2024 WA No. 265/20
Central Bank India SLP Hearing 19 May
Supreme Court scheduled hearing for Hardev Prasad's SLP against Central Bank of India on 19 May 2026.
The order also lists SLP (C) Diary No.24290 of 2026 for hearing on the same date, consolidating pr
Uttar Bihar Gramin Bank Appeals HC Order
Supreme Court heard petition by Uttar Bihar Gramin Bank seeking special leave to appeal Patna HC judgment dated 30‑01‑2023.
The bench comprised Justices Ahsanuddin Amanullah and R. Mahadevan; counsel
Central Bank vs Repute Foods NCLT Hearing Adjourned
NCLT Ahmedabad hears Central Bank's Section 7 IBC insolvency application against Repute Foods Pvt Ltd.
Applicant confirms service of notice to respondents via registered post, email, and dasti modes i
Canara Bank vs Varun Aggarwal Adjournment Order
• NCLT New Delhi adjourns Canara Bank's insolvency application against Varun Aggarwal to July 2026.
• Case filed under Section 95(1) of the Insolvency and Bankruptcy Code, 2016.
• Matter heard in hybr
RBI Liquidity Injection Rs 144.9bn May 17
RBI's money market operations on May 17 showed zero volumes across overnight and term segments, indicating no repo or call money activity.
RBI injected net liquidity of Rs 144.896 bn today via repo, M
RBI Declines to Activate Counter‑Cyclical Capital Buffer
RBI reviewed CCyB framework and indicators on May 18, 2026, concluding activation is unnecessary currently for the banking sector.
Decision relied on credit‑to‑GDP gap analysis and other supplementary
RBI Caps Nagar Sahakari Lending, ₹10k Withdrawals
RBI issued directions restricting Nagar Sahakari Bank from granting new loans, making investments, borrowing, or accepting fresh deposits without prior approval.
Bank may allow withdrawals up to ₹10,0
RBI Penalises Aurangabad Co‑op Bank ₹20k
RBI imposed a ₹20,000 monetary penalty on The Aurangabad District Central Co-operative Bank Ltd, Bihar for credit information reporting violations.
The bank failed to submit borrower credit data to al
RBI Money Market Volume Hits ₹13.7 Trn
RBI reported total overnight money market volume of ₹13,701.83 crore at weighted average rate 5.17% on May 15, 2026.
Term segment saw ₹14,148.53 crore notice money at 5.24% and large repo operations t
Income Tax Commissioner SLP Against City Union Bank
The Income Tax Commissioner filed Special Leave to Appeal (SLP) petitions against City Union Bank Ltd in the Supreme Court.
Three SLPs (Nos. 32782/2025, 11402/2026, 11403/2026) were listed on 18-05-20
Supreme Court Fresh Notice: EPF vs IndusInd
Supreme Court heard Special Leave to Appeal No. 13575/2026 filed by EPF against IndusInd Bank Ltd and others.
Court ordered fresh notice to Respondent No.2 and directed that the matter be listed for h
IndusInd Bank Files Insolvency Petition Against BBR Green Fields
IndusInd Bank initiated corporate insolvency proceedings against BBR Green Fields Pvt Ltd under Section 7 of IBC, 2016.
The National Company Law Tribunal Hyderabad Bench issued notice to respondents a
RBI Money Market Ops Show 7.37 Lakh Cr Volume
RBI reported total overnight money market volume of ₹7,37,193.17 crore on May 11, 2026 with weighted average rate 5.13%.
Call money segment contributed ₹16,111.14 crore at 5.31% average rate, range 4.
RBI Announces 50,000 Cr VRR Auction
RBI will hold a 3‑day Variable Rate Repo auction on May 12, 2026 under the Liquidity Adjustment Facility.
The auction size is set at ₹50,000 crore with a 3‑day tenor and a bidding window from 9:30 AM
RBI Weekly: M3 Up 0.8%, Reserves Down
Total reserves fell by ₹2.6 crore (≈‑0.4%) to ₹6,556,404 crore as of May 2 2026.
Aggregate deposits of scheduled commercial banks rose 0.8% fortnightly, reaching ₹25,864,099 crore, up 12.3% YoY.
Bank
RBI Releases Weekly Reserve Money Data
RBI issued a press release on May 6 2026 presenting reserve‑money figures for the week ended April 30 2026.
The data were made available via an Excel file (SRM06052026.xlsx) on the RBI website for mar
RBI Money Market May 5 2026: ₹2.89 Cr Liquidity
Overnight money‑market volume reached ₹6,68,177.50 cr, with a weighted average rate of 5.03% and a 0.01‑6.30% range through the day.
Call money volume was ₹16,761.65 cr at 5.17% (range 4.50‑5.25%); Tr
RBI Reports ₹6.8 Lakh Crore Overnight Volume
RBI reported total overnight money market volume of ₹6,79,956.33 crore at weighted average rate 5.03% on May 04, 2026.
Call money volume ₹14,949.06 crore at 5.17% rate; Triparty repo ₹4,84,941.55 cror
RBI VRR Auction ₹100,000 Cr at 5.26%
RBI conducted a 4‑day Variable Rate Repo auction on April 30, 2026, offering ₹100,000 crore of liquidity to banks and financial institutions.
Total bids received amounted to ₹25,715 crore, which were
RBI Money Market Volume 7.24 Lakh Cr
RBI reported total overnight money market volume of ₹7,24,394.18 crore with weighted average rate of 5.08% on April 29, 2026.
Repo operations injected net liquidity of –₹2.14 trillion, while Standing
RBI Revises UCB Lending Norms
RBI issued final amendment directions revising lending norms for urban co‑operative banks (UCBs) after stakeholder feedback in 2026.
The amendments raise unsecured advance limits, expand consumer dura
RBI Money Market Ops 7.18 Lakh Cr
RBI reported total overnight money market volume of ₹7,18,025.58 crore on April 28, 2026, with weighted average rate 5.05%.
Today's MSF injected ₹2,682.00 crore at 5.50% and SDF ₹3,10,269.00 crore at
RBI Releases Scheduled Banks Position Apr 2026
RBI's statement shows total liabilities of scheduled commercial banks rose to ₹68,744.9 crore as of 15‑Apr‑2026.
Bank credit (excluding inter‑bank advances) increased to ₹21,433,139.61 crore, indicati
RBI Announces Inter‑Bank Hindi Essay Competition
RBI launches 2026‑27 Inter‑Bank Hindi Essay Competition for its officers and staff of public sector banks and RRBs.
Theme focuses on Digital Public Infrastructure as a soft power tool for financial in
RBI Reports ₹2.75 Lakh Cr Liquidity Outflow
Overnight money market volume reached ₹7,09,237.80 cr with a weighted average rate of 5.01% across call, repo and corporate bond segments.
Term segment activity recorded ₹304.30 cr notice money at 5.0
RBI Launches Mission SAKSHAM, 1.4L UCB Trainees
RBI inaugurated Mission SAKSHAM, a sector‑wide capacity‑building initiative for Urban Co‑operative Banks to boost managerial skills and compliance.
Programme will train about 1.40 lakh participants in
RBI Money Market Operations Show Zero Volume
RBI reported zero volume in overnight and term money market segments on April 25, 2026, with no repo or call money activity.
Liquidity Adjustment Facility injected -3,13,689 crore rupees, while net li
RBI Money Market Ops: ₹7.03 Lakh Cr
RBI reported total overnight money market volume of ₹7,03,167.60 crore on April 24, 2026, with weighted average rate 5.02% (range 2.98‑6.10%).
Repo operations injected net liquidity of -₹3,46,252 cror
RBI Releases Money Supply Data Fortnight
RBI released money supply statistics for the fortnight ending 15 April 2026, indicating current liquidity conditions.
Press release issued under number 2026-2027/138, authored by Deputy General Manage
RBI Weekly Bulletin: Deposits Fall ₹581 bn
Aggregate deposits of scheduled commercial banks fell by ₹581,447 crore (‑2.2%) week‑on‑week, with demand deposits down ₹467,496 crore.
Bank credit contracted by ₹438,864 crore (‑2.1%) week‑on‑week, l
RBI Money Market Ops ₹6.82 Lakh Cr
Overnight money market volume hit ₹6.82 lakh crore, weighted average rate 5.12% within a 3.99‑6.35% range across all segments today.
Net liquidity injected from today's and outstanding operations summ
RBI Money Market Ops 6.82 Lakh Crore
Overnight money market volume reached 6,81,678.98 crore rupees with a weighted average rate of 5.06% and a 2.00‑6.25% range.
Net liquidity absorption across today's and outstanding operations totaled
Karur Vysya Bank Revises MCLR Rates Up 5-15 bps
Karur Vysya Bank discloses MCLR rate revision effective April 22, 2026, pursuant to SEBI LODR Regulation 30.
Overnight MCLR increases by 5 bps to 8.85%, while six-month and one-year rates rise by 5 bp
IndusInd Bank Promoters Pledge 6.45% Shares
IndusInd Bank's promoters IIHL and IL created a fresh pledge of 5,02,67,535 shares (6.45% of total capital) on March 27, 2026.
The pledge, in favour of Catalyst Trusteeship Limited as Onshore Security
IndusInd Promoters Release Full Pledge on 5.97 Cr Shares
• Promoters IIHL and IL fully released pledges on 5,97,63,552 shares (7.67% of total capital) on March 27, 2026.
• Post-release, both promoter entities hold zero encumbered shares; combined promoter h
Bain Capital Acquires 9.89% Stake in Manappuram Finance
BC Asia Investments XXV Ltd (Bain Capital) was allotted 9,29,01,373 equity shares of Manappuram Finance at ₹236 per share via preferential allotment on March 27, 2026.
BC Asia Investments XIV Ltd was
Aye Finance MD Buys 40,000 Shares via Market
Sanjay Sharma, Founder & MD of Aye Finance, purchased 40,000 equity shares on March 20, 2026 via market purchase on NSE.
The transaction was valued at ₹42,50,400, implying an approximate per-share pri