Tag
Banking
81 articles
Several legal and regulatory developments are impacting the Indian banking sector. Ongoing court proceedings, including Special Leave Petitions and insolvency appeals, continue to shape the landscape for banks like Standard Chartered, Bank of Baroda, Punjab National Bank, and State Bank of India, highlighting the complexities of debt recovery and dispute resolution. Simultaneously, IDBI Bank is strengthening its corporate social responsibility efforts through the incorporation of a wholly-owned subsidiary, IDBI Foundation, while PFRDA's record APY enrollment demonstrates growing participation in retirement savings schemes. These developments underscore the evolving regulatory environment and operational challenges facing Indian banks as they navigate legal proceedings and pursue strategic initiatives.
Levitate Mobile vs Standard Chartered: SLP Hearing
Supreme Court heard Special Leave Petition (SLP) 13250/2026 filed by Levitate Mobile Technologies against Standard Chartered Bank on 19‑May‑2026.
Judges Sanjay Karol and Nongmeikapam Kotiswar Singh re
Bank of Baroda Withdraws Petition
Assistant General Manager, Bank of Baroda filed a Special Leave Petition in the Supreme Court against Ram Chandra Gupta Flour Mills.
On 20 May 2026, the Court heard the petition and allowed the petiti
HDFC Bank ESOP Plan Amendment Approved by Shareholders
HDFC Bank shareholders approved amendments to the Employee Stock Incentive Plan 2022 via e-voting with 87.45% votes in favor.
The resolution passed as a special business item with 67.46% of outstandin
NCLAT Adjourns PNB vs Prakash Asphaltings Appeals
NCLAT Principal Bench adjourns three interconnected insolvency appeals between Punjab National Bank and Prakash Asphaltings.
Matters involve Oriental Bank of Commerce (now merged with PNB) as both app
PFRDA APY Records 1.35 Crore New FY26 Subscribers
PFRDA felicitated 53 Service Providers and 10 SLBCs for outstanding APY performance in FY 2025-26.
APY achieved record 1.35 crore new enrolments with AUM exceeding ₹54,000 crore as of May 2026.
Women
IDBI Bank Incorporates IDBI Foundation Subsidiary
IDBI Bank incorporated IDBI Foundation as a wholly owned Section 8 subsidiary on May 19, 2026.
The subsidiary will implement the Bank's CSR initiatives focusing on education, healthcare, and rural dev
NCLAT Adjourns SBI Insolvency Appeals to May 15
NCLAT Principal Bench adjourns three interconnected insolvency appeals involving State Bank of India to May 15, 2026.
Appeals include Comp. App. (AT) (Ins) No. 419, 420, 440, and 551 of 2026 with SBI
Alethea Infotel vs Standard Chartered Stay Hearing
Supreme Court heard Transfer Petition (Criminal) No.385/2026 filed by Alethea Infotel Private Ltd against Standard Chartered Bank on 18‑May‑2026.
The petition seeks stay orders for multiple admission
NCLT Adjourns JVL Agro Insolvency Proceedings Against Guarantors
NCLT Allahabad Bench adjourns multiple insolvency proceedings under Section 95 IBC against personal guarantors of M/S JVL Agro Industries Ltd.
Cases involve Bank of Baroda and State Bank of India as f
NCLT Approves PIRP Closure via OTS
NCLT allows closure of personal insolvency resolution process for Vinita Pandey after full OTS payment to Canara Bank.
Application filed under Section 112 of IBC 2016 by Resolution Professional is app
Canara Bank vs Rahul Pandey PIRP Closed via OTS
NCLT Allahabad disposes of personal insolvency case against Rahul Pandey, guarantor of Green Space Block LLP.
Case closure follows full receipt of One Time Settlement payment by financial creditor Can
NCLT Closes Canara Bank-Pawan Pandey PIRP Case
NCLT Allahabad disposes of personal insolvency case against Pawan Pandey, guarantor of Green Space Block LLP.
Case closure follows full receipt of One Time Settlement payment by financial creditor Can
NCLT Adjourns Indian Bank Personal Guarantor Cases
The NCLT Allahabad Bench adjourned two insolvency cases against personal guarantors of Primuss Metroll Ltd. to June 8, 2026.
Cases involve Indian Bank as financial creditor under Section 95(1) of the
NCLT Accepts Unitech Machines Delayed Progress Report
NCLT disposes application to accept Monitoring Committee's 3rd Progress Report for Unitech Machines Ltd.
Applicant cited technical issues as reason for delayed filing of the insolvency progress report
State Bank of India vs Gaurav Rathi NCLT Adjournment
NCLT New Delhi adjourns insolvency petition filed by State Bank of India against Gaurav Rathi due to power failure.
Case IB-550(PB)/2021 under Section 95(1) of IBC 2016 renotified for hearing on 03.08
IDBI Bank vs Raj Kumari Garg NCLT Adjournment
NCLT New Delhi adjourns IDBI Bank's Section 95 insolvency application against Raj Kumari Garg.
Case IB-785(PB)/2024 renotified to 08.07.2026 due to power failure on 18.05.2026.
Hybrid hearing presided
IDBI Bank vs Phool Kumar Garg Hearing Adjourned
NCLT adjourns IDBI Bank's insolvency application against Phool Kumar Garg due to power failure.
Case IB-786(PB)/2024 renotified for hearing on 08 July 2026.
Order passed under Section 95(1) of the Ins
IDBI Bank vs. Modak Insolvency Hearing Postponed
NCLT adjourns IDBI Bank's insolvency application against Sucheta Modak due to power failure.
Case IB-787(PB)/2024 renotified for hearing on 08 July 2026.
Order issued under Section 95(1) of the Insolv
State Bank of India Insolvency Case Adjourned
NCLT adjourns State Bank of India's Section 95 insolvency application against Shanta Gupta due to power failure.
The matter has been renotified for a hearing on May 25, 2026.
The case involves a bankr
IDBI Bank vs Sudhir Modak Insolvency Adjournment
NCLT adjourns IDBI Bank's insolvency application against Sudhir Modak due to power failure.
Case IB-789(PB)/2024 renotified for hearing on 08 July 2026.
Order passed under Section 95(1) of IBC 2016 by
NCLAT Lists IDBI Bank vs Deccan Chronicle Insolvency Appeals
NCLAT hears multiple interlocutory applications in interconnected insolvency appeals filed by IDBI Bank and Deccan Chronicle entities.
The Resolution Professional cites a fund shortage preventing the
NCLAT Adjourns SBI vs Subodh Agrawalla Contempt Case
NCLAT adjourns State Bank of India's contempt case against Subodh Kumar Agrawalla and others, granting time for filing replies.
Maithan Alloys Ltd's counsel seeks time to file reply affidavit and unde
RBI Announces ₹125,000 Cr VRR Auction
RBI will conduct an overnight Variable Rate Repo auction on May 21, 2026 under the Liquidity Adjustment Facility.
The auction size is ₹1,25,000 crore for a one‑day tenor, with bidding window from 9:30
Indian Market Indices Mixed Returns May 2026
Broad market indices like Nifty 50 and Nifty 500 posted monthly declines of about 1‑2%, while mid‑cap and small‑cap gained 1‑3%.
Thematic indices delivered strong gains in Capital Markets (+7% TR, +6.
Kakan Rice Mill NCLAT Appeal Withdrawn Against Bank
Kakan Rice Mill Pvt. Ltd. withdrew its NCLAT appeal against a Section 7 insolvency admission order.
The appeal challenged the NCLT's 12 February 2026 order admitting Bank of Baroda's insolvency petiti
Utkarsh SFB NCLT Amalgamation Hearing Set July 23
Utkarsh Small Finance Bank updates on NCLT amalgamation scheme with Utkarsh CoreInvest, filed April 5, 2026.
NCLT Bengaluru Bench order uploaded May 20, 2026 schedules joint petition hearing for July
Indian Bank Singapore Investor Meet Outcome
Indian Bank held an investor/analyst meeting in Singapore with six major investment firms on May 20, 2026.
The meeting was conducted in compliance with SEBI LODR regulations following a previous intim
Ashok Tiwari vs DBS Bank India Adjourned for Debt Assignment
NCLAT adjourns Ashok Tiwari's insolvency appeal to allow DBS Bank India substitution application.
IDBI Bank and Bank of Baroda assigned their debt to DBS Bank India requiring party substitution.
Tribu
NCLAT IL&FS Proceedings Multiple Intervenor Applications
NCLAT disposes of Indian Bank application as infructuous post-distribution completion.
Directs EPFO to file its claim with IL&FS group's claim management team.
Orders Punjab National Bank to process c
Rajasthan Gramin Bank SLP Service Order
Supreme Court heard SLP petition 13353/2026 filed by Rajasthan Gramin Bank & others against Robin Shah on 20 May 2026.
Court ordered petitioner to file fresh particulars for service on sole respondent
Equitas SFB May-June 2026 Investor Meetings Schedule
Equitas SFB discloses schedule of investor meetings from May 26 to June 23, 2026 under SEBI Regulation 30.
Meetings include group and one-to-one sessions with Ambit Capital, 360 ONE, Axis Capital, ICI
Jana Small Finance Bank Investec Roadshow May 2026
Jana Small Finance Bank schedules Investec roadshow meetings with institutional investors on May 25-26, 2026 in Mumbai.
The meetings will be in-person discussions based on generally available informat
Equitas Bank Launches Saksham Niveshak Shareholder Campaign
Equitas Small Finance Bank launched the Second 100 Days Campaign 'Saksham Niveshak' from April 1 to July 9, 2026.
The campaign aims to create shareholder awareness about updating KYC details and claim
SBI Elects Four Directors to Central Board
State Bank of India announces election results for four directors to its Central Board for a three-year term.
Election process involved remote e-voting and e-voting at General Meeting held on May 15,
State Bank of India SLP Deadline Set
Supreme Court heard State Bank of India's petitions for special leave to appeal on 19 May 2026, before Registrar Gracy L. Bawitung.
Opportunities to file counter‑affidavits were declined for multiple
SBI Holds Investor One-on-Ones in Boston
• State Bank of India disclosed outcomes of one-on-one investor meetings held in Boston on May 19, 2026.
• Meetings were arranged by Jefferies and involved five major institutional investors and asset
SC Orders Rs.15 Lakh Deposit, Interim Protection
C.L. Nirmala petitioned the Supreme Court for special leave to appeal a High Court order against Sri Gurusarvabhauma Soudhara Credit Cooperative Ltd.
Court issued notice to respondents and conditioned
MSEB Holding vs HSBC: SC Procedural Order
Supreme Court heard Miscellaneous Application No.2065/2025 in SLP(C) No.7870/2025 on 19 May 2026 involving MSEB Holding Co. Ltd and HSBC.
The bench comprised Justices Dipankar Datta and Augustine Geor
IDBI Bank Re-appoints Jayakumar Pillai as DMD
IDBI Bank Board re-appointed Jayakumar S. Pillai as Deputy Managing Director for one year effective June 12, 2026.
The re-appointment received prior approval from the Reserve Bank of India (RBI) and c
IDBI Bank Reappoints Jayakumar Pillai as DMD
IDBI Bank's Board approved reappointment of Jayakumar S. Pillai as Deputy Managing Director for one year effective June 12, 2026.
The reappointment received RBI approval and Pillai brings over 33 year
Equitas SFB Announces May 22 Investor Conference
Equitas Small Finance Bank discloses schedule for Nakshatra III Virtual Conference organized by Centrum Broking on May 22, 2026.
The bank confirms no unpublished price sensitive information will be sh
NCLAT Adjourns DBS Bank India Insolvency Appeals
NCLAT adjourned two insolvency appeals filed against DBS Bank India Ltd. to July 15, 2026.
Appellants Aamir Ahmed and Naushad Ahmed are challenging proceedings involving the bank.
The appeals were hea
NCLAT Adjourns DBS Bank India Insolvency Appeals
NCLAT adjourned two connected insolvency appeals filed against DBS Bank India Ltd. until May 18, 2026.
The appeals, filed by Aamir Ahmed and Naushad Ahmed, were listed before a two-member bench.
No su
NCLT Grants Master India Brewing 7-Day Reply Extension
NCLT Guwahati hears Punjab National Bank's insolvency petition against Master India Brewing under IBC Section 7.
Tribunal grants respondent 7 days to file counter affidavit with right forfeiture claus
NCLT Chandigarh Stays J&K Bank Auction of Amar Singh & Sons
Amar Singh & Sons Tree Nuts LLP files for corporate insolvency under Section 10 of IBC, 2016.
NCLT Chandigarh directs J&K Bank to halt its SARFAESI auction process scheduled for 25.05.2026.
The tribun
Union Bank of India Insolvency Case Adjourned to June
NCLT adjourns Union Bank of India's insolvency application against Apoorva Joshi to 12 June 2026.
Case IB/807/ND/2021 heard under Section 95(1) of the Insolvency & Bankruptcy Code, 2016.
Hybrid hearin
State Bank of India vs Krishan Dhingra Adjourned to July 2026
• NCLT adjourned State Bank of India's insolvency application against Krishan Dhingra to July 1, 2026.
• The hearing was conducted in hybrid mode (physical and virtual) due to paucity of time.
• The a
RBI May 18 Market Liquidity -₹1.82 Cr
On May 18, RBI’s repo, MSF and SDF operations absorbed ₹1.82 lakh crore, reducing overall market liquidity.
Overnight money‑market volume reached ₹7,60,802.84 crore with a weighted average rate of 5.0
NCLAT Grants Punjab National Bank Appeals Extension
NCLAT grants two-week extension to respondent for filing reply in Punjab National Bank appeal.
Appellant permitted to file rejoinders in all appeals within two weeks from order date.
Registry directed
S.A. Plywood Appeals Against Central Bank
NCLAT hears appeal by S.A. Plywood Industry against Central Bank of India in insolvency matter.
Tribunal reserves order on amendment application after hearing both parties' counsel.
Parties granted th
Indian Bank Singapore Investor Meet Outcome
Indian Bank disclosed outcome of its investor/analyst interaction held in Singapore on May 19, 2026.
The meeting was conducted by bank representatives and discussed only publicly available information
Krishna Traders Withdraws Interlocutory Application vs PNB
The Supreme Court heard Krishna Traders’ petition for an extension of time to vacate premises against Punjab National Bank.
Petitioner’s counsel, Mr. Keshav Thakur, requested permission to withdraw In
Athena Chhattisgarh Power Ltd Insolvency Petition Adjourned
NCLT Hyderabad adjourns SBI's Section 7 IBC petition against Athena Chhattisgarh Power Ltd to August 2026.
Respondent granted two weeks to file counter; applicant gets two weeks thereafter for rejoind
NCLT Ahmedabad Directs RP Report Service in Deutsche Bank Case
NCLT Ahmedabad hears application filed by Damyantiben Rathod against Deutsche Bank under Section 94 IBC.
Tribunal directs Resolution Professional to serve report copy on all respondents for a pending
NCLAT Lists SBI vs Adhunik Steels Appeal July 2026
NCLAT Principal Bench schedules hearing for State Bank of India's appeal against Adhunik Steels Ltd for July 7, 2026.
The appeal (Comp. App. (AT) (Ins) No. 1192 of 2019) was listed on May 15, 2026 for
Bank of Baroda vs Dharmendra Patel NCLT Asset Tracking Order
NCLT Ahmedabad orders asset tracking for personal guarantor Dharmendra Patel in Bank of Baroda insolvency case.
Tribunal directs Bankruptcy Trustee to obtain and compare IT returns from FY2020-21 to F
NCLT Orders Ramjibhai Patel Asset Tracking
NCLT Ahmedabad hears Bank of Baroda's application under IBC for personal guarantor Ramjibhai Patel.
Tribunal directs Bankruptcy Trustee to obtain Patel's Income Tax Returns from FY2020-21 to FY2024-25
NCLT Orders Bankrupt Guarantor Asset Tracking
NCLT admits Bank of Baroda's application concerning personal guarantor Rakesh Ramjibhai Patel.
Tribunal directs Bankruptcy Trustee to obtain and compare the bankrupt's IT returns from FY21 onwards.
Tr
NCLT Declares Mehulkumar Patel Bankrupt for MAP Refoils
NCLT Ahmedabad admits Central Bank of India's petition to declare Mehulkumar Arvindbhai Patel bankrupt for a Rs 57.66 crore debt guarantee.
The personal guarantor's combined repayment plan of Rs 60 cr
NCLT Declares Arvindbhai Patel Bankrupt for ₹57.66 Crore
NCLT Ahmedabad declares Mr. Arvindbhai Kacharabhai Patel bankrupt under IBC 2016 for a total debt of ₹57.66 crore as personal guarantor to MAP Refoils India Limited.
The order appoints a bankruptcy tr
RBI Money Market Liquidity Absorption 207,005 Cr
RBI reported net liquidity absorption of ₹207,005 crore from today's money market operations on May 16, 2026.
Overnight segment volume reached ₹16,399.63 crore with weighted average rates around 5.00%
NCLAT Adjourns Omkara ARC vs J&K Bank Appeal
NCLAT adjourned Omkara ARC's appeal against J&K Bank to May 15, 2026.
The appellate tribunal ordered the continuation of existing interim relief.
The case involves insolvency proceedings between an AR
Omkara ARC vs J&K Bank NCLAT Appeal Listed
NCLAT lists appeal filed by Omkara Assets Reconstruction against Jammu & Kashmir Bank for hearing on May 25, 2026.
The procedural order was passed on May 15, 2026, following a hearing held in hybrid m
Supreme Housing Director Appeals Canara Bank NCLAT Order
NCLAT lists appeal filed by suspended director of Supreme Housing against Canara Bank for hearing.
Appellant Bhawanishankar Sharma challenges an order related to the corporate insolvency resolution pr
NCLT Closes State Bank Bankruptcy Proceedings Against Prashant Mupparapu
NCLT Hyderabad allows application to discharge bankrupt individual Prashant Mupparapu and close bankruptcy proceedings.
Bankruptcy Trustee appointed on 19 November 2025 submits final report approved b
State Bank of India Repayment Plan Approved by NCLT
NCLT Hyderabad approves Resolution Professional's application to record a repayment plan for M/s. Maruthi Tubes Private Limited.
The application was filed under Section 95 of the Insolvency and Bankru
Indian Bank vs Mancherial Cement NCLT Adjournment
NCLT Hyderabad adjourns Indian Bank's Section 7 IBC petition against Mancherial Cement Company to August 2026.
The hearing was held in hybrid mode with counsel present for both the petitioner bank and
UCO Bank vs Ramrao Paturu NCLT Hearing Adjourned
UCO Bank filed an insolvency petition under IBC Section 95 against ICOMM Tele Ltd and Mr. Ramrao Paturu.
The National Company Law Tribunal Hyderabad Bench heard the case on 14 May 2026 and granted adj
RBI Injects ₹222,158 Cr Liquidity May 10
RBI's money market operations on May 10 recorded zero volumes across overnight and term segments, with no call money or repo activity.
Net liquidity injected from today's and outstanding operations su
RBI May 08 Liquidity Injection -₹2.34 Lakh Cr
Money market volume reached ₹7.09 lakh crore with a weighted average rate of 5.10% across the overnight segment.
Net liquidity injected from today's operations was –₹2.34 lakh crore, indicating overal
RBI Money Market Liquidity Drain ₹214,847 Cr
RBI's net liquidity injection from today's and outstanding operations totals -₹214,846.57 cr, indicating overall liquidity absorption.
Standing Liquidity Facility availed ₹8,612.43 cr and SDF operatio
RBI Ops Absorb ₹2.65 Lakh Cr Liquidity
RBI reported total money market volume of ₹6.90 lakh crore on May 6, 2026, with weighted average rate 5.05% for overnight segment.
Net liquidity from today's operations withdrew ₹2.72 lakh crore; over
Kotak Mahindra Bank Gets RBI Nod for 9.99% J&K Bank Stake
RBI approves Kotak Mahindra Bank acquiring up to 9.99% stake in Jammu and Kashmir Bank.
Approval is valid for one year and subject to Banking Regulation Act and FEMA compliance.
Kotak must seek RBI ap
Indian Bank Revises TBLR Rates Effective May 3
Indian Bank's ALCO revised Treasury Bills Linked Lending Rates (TBLR) effective May 3, 2026.
TBLR for <=3 months reduced to 5.25% and >3-6 months to 5.45%, while longer tenors unchanged.
MCLR, Base Ra
RBI Weekly: M3 Falls 1.7%, Liquidity Injection
RBI reported total foreign exchange reserves at ₹6.58 trillion (≈$698 bn) as of 24 Apr 2026, up ₹28.5 bn YoY.
Money stock M3 declined 1.7% week‑on‑week to ₹31.47 trillion, driven by falls in demand an
RBI March 2026 Bank Credit +15.9% YoY
Non‑food bank credit expanded 15.9% YoY in the fortnight ending 31 Mar 2026, versus 10.9% in the same period last year.
Credit to agriculture rose 15.7% YoY, industry 15.0% YoY, and services 19.0% YoY
RBI April 2026 SCB Lending Rate 8.40%
Weighted average lending rate on fresh rupee loans fell to 8.40% in March 2026, down from 8.44% in February.
Weighted average lending rate on outstanding rupee loans marginally declined to 8.99% in Ma
Infosys Ranked Top IT Services Provider in European Banking
Infosys ranked number one IT services provider for Banking in Europe and Financial Services in Nordics by Whitelane Research.
Company recognized as top three Exceptional Performer in Financial Service
RBI Absorbs ₹2.91 Lakh Cr Liquidity
RBI's money market operations on April 26 showed net liquidity absorption of ₹2.91 lakh crore across repo, MSF, SDF, and SLF.
Today's operations injected ₹3.15 lakh crore via SDF but overall net liqui
RBI Money Market Ops 6.71 Lakh Crore
RBI reported total overnight money market volume of ₹6,71,744.61 crore on April 22 2026, with a weighted average rate of 5.15%.
Net liquidity injected from today's and outstanding operations amounted
RBI Money Market Operations Show 6.65 Lakh Cr Volume
RBI reported total overnight money market volume of ₹6,64,995.81 crore with a weighted average rate of 4.96% on April 20, 2026.
Net liquidity injected from today's and outstanding operations amounted