Money and Banking Basics — Landmark Events

Landmark Events

R.C. Cooper vs. Union of India (Bank Nationalisation Case)

1970

This landmark judgment challenged the constitutional validity of the Banking Companies (Acquisition and Transfer of Undertakings) Ordinance, 1969, which nationalized 14 major…

Reserve Bank of India vs. Peerless General Finance and Investment Co. Ltd.

1987

This case dealt with the regulatory authority of the RBI over non-banking financial companies (NBFCs) and the interpretation of 'deposit' under the RBI Act. The Supreme Court…

State Bank of India vs. Ghamandi Ram

1969

This case, though less prominent than the nationalization case, is relevant for understanding the legal standing and operational aspects of public sector banks. It dealt with the…