The draft Directions prohibit deceptive digital practices and compulsory bundling while mandating explicit consent. SFBs must refund and compensate customers in cases of mis-selling.
The RBI has proposed comprehensive amendments requiring banks to prevent mis-selling, compulsory bundling, and deceptive digital “dark patterns.” The draft Directions mandate explicit consent, suitability assessment, and customer compensation in cases of wrongful sales.
The draft Directions create a structured six-year composite Kisan Credit Card facility covering crop, allied and investment credit. RRBs must follow standardized norms for limit fixation and renewal.
The draft Directions introduce a six-year composite KCC facility covering crop, allied, and investment credit. Drawing limits are linked to the Scale of Finance with structured percentage add-ons.
The new framework removes prior approval requirements while strengthening conduct and disclosure obligations. Customer protection norms are consolidated under Responsible Business Conduct Directions.
ITAT Mumbai held that securitisation trusts, cannot be assessed as an AOP, are revocable within the meaning of section 63 of the Income Tax Act and hence income is not taxable in the hands of trust. Accordingly, the appeal of the revenue is dismissed.
The RBI has consolidated KCC guidelines under new 2026 Master Directions, introducing a six-year composite credit structure. Drawing limits are aligned with Scale of Finance and include additional components for technology and maintenance.
ITAT Mumbai held that the disallowance under section 14A of the Income Tax Act read with rule 8D cannot exceed the exempt income earned by the assessee during the relevant previous year. Accordingly, no further disallowance u/s. 14A is called for.
The RBI has issued draft guidelines extending the Kisan Credit Card tenure to six years and aligning drawing limits with actual cultivation costs. The proposal also standardizes crop seasons and expands eligible expenses for farmers.
NCLAT Delhi held that the threshold criteria is applicable at the time of filing Section 7 application under Insolvency and Bankruptcy Code and not subsequently. Accordingly, the present appeal is allowed and order is set aside and remanded back.
