The rules require realistic repayment schedules, timely renewals, strict monitoring of working capital accounts and mandatory stock audits for large NPAs. The strengthened IRACP norms aim to reduce slippages and ensure sound risk management across the banking sector.
CESTAT Ahmedabad held that imported tugboats are not machinery, equipment or tools. It is specifically covered under Chapter Heading 8904 and hence benefit of notification no. 72/2017-Cus. dated 16.08.2017 not admissible.
RBI has issued new Directions consolidating customer service and fair conduct norms for RRBs. The rules take effect immediately and aim to strengthen ethical banking practices. The key takeaway is mandatory adherence to unified conduct standards.
RBI’s 2025 Directions overhaul how banks set, benchmark, and reset interest rates on advances. The framework mandates transparent pricing, external benchmarks for key loan categories, and uniform rules for spreads and rate resets.
RBI establishes comprehensive securitisation rules for commercial banks, detailing definitions, asset eligibility, risk assessment, and reporting obligations. The framework ensures prudent risk distribution and market transparency.
The new Directions mandate ethical, transparent, and customer-focused practices for cooperative banks. They aim to strengthen governance and trust in the rural banking system.
Madras High Court held that assessee can raise additional ground of validity of reassessment proceedings in terms of rule 27 of the ITAT Rules. Accordingly, ITAT justified in accepting the ground that reassessment was change of opinion.
RBI has notified comprehensive KYC Directions applicable to all RRBs with immediate effect. The rules aim to prevent money laundering and terrorist financing through stricter customer due diligence and monitoring.
RBI introduces a unified regulatory framework governing loan transfers, participations, and risk distribution by banks. The Directions streamline due diligence, capital treatment, and compliance requirements to strengthen India’s credit-risk market.
The new Directions mandate uniform customer due diligence and monitoring to curb money laundering and terror financing. They align domestic rules with global AML/CFT standards and take effect immediately.
