Rectification of mistake remains limited to self-evident record errors, preventing merits review through miscellaneous applications and preserving fin...
Tender creditworthiness conditions may extend to de facto Promoter Directors, with post-participation challenges generally barred absent arbitrariness...
Corporate representation in PMLA summons proceedings permitted through an authorised signatory, subject to directors' continuing cooperation and atten...
Helicopter charter classification requires effective control analysis, while territorial performance, reasoned credit orders and wilful suppression de...
AD Cat-I banks must exclude positions arising from hedged transactions linked to FCNR(B) deposits, External Commercial Borrowings and Overseas Foreign Currency Borrowings when computing net overnight open position. The circular partially modifies the earlier NOP-INR directions and requires continued compliance with the June 2026 swap-facility circulars, the March 2026 circular on open positions, and the Master Direction on Risk Management and Inter-Bank Dealings. The clarification is issued under FEMA and operates without prejudice to any approvals required under other laws.
AD Cat-I banks must exclude positions arising from hedged transactions linked to FCNR(B) deposits, External Commercial Borrowings and Overseas Foreign Currency Borrowings when computing net overnight open position. The circular partially modifies the earlier NOP-INR directions and requires continued compliance with the June 2026 swap-facility circulars, the March 2026 circular on open positions, and the Master Direction on Risk Management and Inter-Bank Dealings. The clarification is issued under FEMA and operates without prejudice to any approvals required under other laws.
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