TTAB sustains opposition against TANGO D10S trademark

TTAB sustains opposition against TANGO D10S trademark

Michigan Encourages Bank Accounts Through Open Account Coalition

The Michigan Department of Insurance and Financial Services (DIFS) announced the first-ever Michigan Open Account Coalition (MOAC) Month throughout April 2026. The initiative promotes low- and no-cost bank accounts to help Michiganders avoid approximately $3,000 in annual fees associated with check-cashing and other alternative financial services. MOAC accounts are certified by the Cities for Financial Empowerment Fund and follow National Account Standards including no overdraft fees and $5 or less monthly maintenance.

Citizen's Charter Application Processing Status

Reserve Bank of India published monthly Citizen's Charter performance data for March 2026 showing 22,243 applications received and 21,459 processed. Of processed applications, 99.9% were handled within timeline. Report covers Currency Management, Foreign Exchange Management, and Banker to Banks and Governments functions.

₹2000 Banknote Withdrawal Status Update

The Reserve Bank of India published its periodic status update on the ₹2000 banknote withdrawal. As of March 31, 2026, 98.45% of the ₹2000 notes (worth ₹3.56 lakh crore at inception) have been returned, with only ₹5,501 crore remaining in circulation. The ₹2000 banknotes continue to be legal tender, and exchange facilities remain available at 19 RBI Issue Offices and via India Post.

Monetary Penalty on Exclusive Capital Limited for Compliance Failures

The Reserve Bank of India imposed a monetary penalty of ₹10.30 lakh (approximately $12,300 USD) on Exclusive Capital Limited for non-compliance with RBI directions on leverage ratio limits, supervisory return filings, and balance sheet submission requirements. The penalty was imposed under Section 58G(1)(b) read with Section 58B(5)(aa) of the RBI Act, 1934, following an offsite analysis and show cause proceedings.

Moratorium Extended for Innovative Co-operative Urban Bank Limited, Delhi

The Reserve Bank of India has extended the regulatory restrictions (moratorium) on Innovative Co-operative Urban Bank Limited, Delhi for an additional three months through July 4, 2026. This is the third extension of the Directive originally issued in July 2025. The extension maintains all existing restrictions and conditions previously imposed on the bank.

Underwriting auction for Government Securities (₹29,000 crore)

The Reserve Bank of India announced an underwriting auction for Government Securities worth ₹29,000 crore on April 2, 2026. The auction covers two securities: 6.68% GS 2040 (₹17,000 crore) and 7.43% GS 2076 (₹12,000 crore). Primary Dealers must submit bids through the e-Kuber system between 9:00 AM and 9:30 AM on the auction date.

RBI Extends Moratorium on Bhavani Sahakari Bank, Mumbai

The Reserve Bank of India extended a regulatory directive imposing operational restrictions on The Bhavani Sahakari Bank Ltd., Mumbai for an additional three months until July 4, 2026. The extension follows prior restrictions imposed in July 2025 and a previous extension in December 2025. All existing directive terms remain unchanged.

RBI Money Market Operations Data

The Reserve Bank of India published money market operations data for March 30, 2026, reporting system liquidity at ₹5.89 lakh crore. This is a routine statistical release providing market participants with current liquidity conditions in the Indian banking system. The data is published via the RBI's official press release mechanism.

Ashod Balanian Disqualified from Managing Corporations for Five Years

ASIC has disqualified Ashod Balanian from managing corporations for five years for serious director misconduct involving three cryptocurrency fund companies. Balanian was director of Digital Commodity Assets Pty Ltd, DCA Capital Pty Ltd, and Polychain Pty Ltd, which operated the Digital Commodity Assets Fund. ASIC found failures including non-cooperation with liquidators, inadequate books and records, tax non-compliance, operating an unregistered managed investment scheme, and operating without required AFS licence. The disqualification runs until 30 March 2031.