The draft amendments introduce comprehensive rules governing recovery conduct and engagement of recovery agents by Local Area Banks. The framework mandates due diligence, borrower protection safeguards, and strict prohibition of harsh recovery practices.
RBI mandates formal training and certification for recovery agents before engagement. The move strengthens accountability and professional standards in debt recovery.
The discussion paper suggests stronger recording of CoC deliberations, structured approval of CIRP costs, and clearer roles in delayed claims. It also proposes excluding related operational creditors to safeguard independence.
ICMAI has proposed structured rules governing merger and demerger of CMA firms, including mandatory agreements, name freezing, and seniority protection provisions.
ICMAI requires prior approval of network names and submission of formal agreements through prescribed forms. Detailed provisions govern change in constitution and exit of affiliates.
Proposed guidelines permit PCMA firms to change names with Council approval while retaining registration number and tenure, provided continuity conditions are met.
Indian Railways deactivated 3.03 crore suspicious user IDs in 2025 after introducing Aadhaar-based OTP verification and strict cybersecurity controls to prevent misuse and ensure fair Tatkal bookings.
Simplified online registration, auto-enrolment via MCA portal, and digital initiatives have led to a 251% rise in new EPFO registrations between 2019-20 and 2023-24. The reforms significantly expanded formal social security coverage.
All India Financial Institutions can finance SEBI-registered InvITs subject to structured safeguards. Lending is tied to leverage and security conditions.
Small Finance Banks can finance SEBI-registered InvITs under strict prudential limits. Aggregate exposure is capped at 49% of asset value.
