Banking and Financial Systems — Legal Precedents

Legal Precedents

Shreya Singhal v. Union of India

2015

While primarily addressing Section 66A of the IT Act, this judgment established important principles regarding the scope of cybersecurity laws and their application to critical…

Justice K.S. Puttaswamy (Retd.) v. Union of India (Privacy Judgment)

2017

This landmark privacy judgment has significant implications for banking cybersecurity, as it established privacy as a fundamental right under Article 21. The judgment affects how…

Reserve Bank of India v. Jayantilal N. Mistry

2021

This Supreme Court judgment upheld RBI's regulatory powers under the Banking Regulation Act, including its authority to issue directions on operational matters including…