Mandatory board-approved policies, diversification limits, and alignment with group risk frameworks are prescribed. The decision underscores heightened governance expectations.
The regulator fixes an umbrella borrowing ceiling linked to net owned funds while removing the older overall borrowing limit. AIFIs must now strictly align funding plans with the retained cap.
The updated Directions clarify that P2P platforms can only act as intermediaries and cannot lend, guarantee returns, or absorb losses. The key takeaway is complete risk transfer to lenders with enhanced disclosures.
The new Directions consolidate fragmented ALM instructions into a single, principle-based regime. They strengthen oversight through ALCO governance, stress testing, and maturity mismatch limits.
Fresh directions regulate how All-India Financial Institutions undertake financial services and investments. The key takeaway is tighter oversight, capital discipline, and reduced systemic risk.
The regulator has overhauled the framework for mortgage guarantee firms, prescribing higher capital, strict risk management, and governance standards. The key takeaway is enhanced financial resilience and systemic stability.
The ITAT dismissed Revenue’s Section 68 additions, holding that the assessee proved the identity, creditworthiness, and genuineness of lenders. AO’s reliance solely on search statements was rejected.
The regulator has overhauled the Account Aggregator framework for NBFCs, mandating explicit consent, real-time data sharing, and strong IT safeguards. The move strengthens customer data protection while standardising operations across the ecosystem.
The ITAT deleted Rs. 59.39 lakh added under Section 69A, holding that the assessee’s cash deposits during demonetisation were fully explained via cash books and bank statements. The ruling reinforces that documented withdrawals cannot be treated as unexplained income without contrary evidence.
The Directions overhaul capital adequacy, leverage limits, and governance standards for CICs. The key takeaway is stronger prudential oversight and enhanced Board accountability.
