The RBI’s draft directions for NBFCs, effective April 1, 2026, revise guidelines on lending to ‘related parties’ to manage conflict of interest. It sets new materiality thresholds based on NBFC layers, mandates credit policy provisions, and outlines robust monitoring, reporting, and disclosure requirements.
RBI’s draft directions for Rural Co-operative Banks (RCBs) on lending to related parties. Sets materiality thresholds, disclosure rules, and mandates Board approval for large loans.
The RBI’s draft directions for Urban Co-operative Banks (UCBs) revise guidelines on lending to ‘related parties’ to address conflict of interest and moral hazard risks. It details statutory prohibitions, required credit policy provisions, materiality thresholds, and new monitoring and reporting requirements for UCBs, effective April 1, 2026.
RBI’s draft 2025 Directions revise rules for Local Area Banks (LABs) lending to related parties, setting new definitions, exposure limits, governance, and mandatory reporting.
The RBI issued draft directions to tighten rules on related party lending by Regional Rural Banks (RRBs). It defines related parties, restricts exposures, and mandates board approval for material loans
RBI’s draft 2025 Directions revise rules for Small Finance Banks (SFBs) lending to related parties, setting new definitions, exposure limits, governance, and mandatory reporting.
The RBI (Commercial Banks – Lending to Related Parties) Directions, 2025, consolidate rules for loans to promoters, directors, and connected entities, effective April 2026.
ITAT Chennai held that interest received on enhanced compensation forms part of the compensation and hence entitled for exemption under section 10(37) of the Income Tax Act and accordingly, not taxable. Accordingly, appeal of the assessee allowed.
Madras High Court held that AO based on seized records and statement of dealer was justified in assessing the suppressed turnover. Accordingly, order of Assistant Commissioner and Tribunal set aside and addition upheld.
GST rate cuts to 5% benefit Himachal’s artisans, farmers, and industries, easing costs on handicrafts, farm goods, and local manufacturing.
