The regulator has overhauled credit risk norms for Local Area Banks by redefining related parties and imposing stricter limits and approvals. The key takeaway is stronger governance and reduced conflict-of-interest risk in bank lending.
The amended directions introduce strict governance, approval thresholds, and monitoring mechanisms for loans to related parties. The key takeaway is stronger board oversight and reduced scope for conflicts of interest in RRB lending.
The FAQs confirm that cess is computed on maximum rated machine speed rather than actual production. This ensures certainty in tax liability regardless of utilisation levels.
The regulator has overhauled credit risk rules to curb conflicts of interest in lending. Clear definitions, Board approvals, and materiality thresholds now govern related-party exposures.
The draft Strategic Action Plan 2026–30 outlines wide-ranging reforms in education, training, governance, and digital infrastructure. It aims to align the profession with national development goals and emerging global trends.
The issue concerned massive additions made in an ex-parte assessment due to alleged unexplained share transactions. The Tribunal held that such issues require proper factual verification and remanded the case for fresh adjudication.
New amendments impose detailed definitions, strict prohibitions, and Board-level oversight for related party lending by rural co-operative banks. The framework strengthens governance, limits conflicts of interest, and enhances enforcement from April 2026.
The issue was whether an appeal could be dismissed solely for delay without examining merits. The Tribunal held that where delay is bona fide, technical rejection is improper and the matter must be decided on merits.
The amendments introduce strict board oversight, materiality thresholds, and disclosure norms for NBFC loans to related parties. The key takeaway is a decisive move to curb conflicts of interest and strengthen credit governance.
The Tribunal upheld deletion of a ₹4.41 crore addition where the assessment relied only on a survey statement later retracted. It ruled that, without independent evidence, such admissions and loose papers cannot justify additions.
