Tag: RBI circular

Plea in Supreme Court challenging RBI circular on 3-month moratorium on loan repayment

NEW DELHI: A petition was filed in the Supreme Court on Saturday seeking direction on setting aside the RBI’s March 27 circular on three-month moratorium on loan repayment between March 1 and May 31 amid coronavirus pandemic. The Reserve Bank of India (RBI) had issued the circular giving liberty to all banks and financial institution […]

Supreme Court allows pleas against RBI circular barring banks from providing services for cryptocurrencies

NEW DELHI: The Supreme Court Wednesday allowed a batch of pleas challenging RBI’s circular of 2018 which had prohibited banks and financial institutions from providing services related to Cryptocurrencies. Cryptocurrencies are digital or virtual currencies in which encryption techniques are used to regulate the generation of their units and verify the transfer of funds, operating […]

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