RBI introduced a new framework to address loan stress caused by natural calamities in local area banks. It mandates time-bound restructuring and coordinated decision-making through banking committees.
RBI directed banks to ensure uninterrupted banking services through temporary branches and mobile units during disasters. The amendment ensures access to financial services even in disrupted areas.
RBI permitted restructured borrower accounts affected by calamities to retain or regain standard classification. This ensures temporary stress does not permanently impair asset quality classification.
RBI created a structured mechanism for resolving loans impacted by natural calamities. The framework ensures timely relief through defined timelines and coordinated action by banks and committees.
RBI classified NBFCs into Type I and Type II categories based on public fund usage and customer interface. The amendment ensures targeted regulation and reduces compliance burden for low-risk entities.
RBI directed regulated entities to act on updated UNSC Taliban sanctions list entries. The directive ensures strict compliance with UAPA provisions and international anti-terror financing norms.
RBI introduced mandatory disclosure of unsecured advances to improve transparency in UCB financial reporting. The amendment helps stakeholders assess risk exposure and asset quality more effectively.
RBI limited housing loan tenure for Tier 1 and Tier 2 UCBs to 20 years with restricted moratoriums. The amendment ensures better risk management and aligns lending practices with borrower repayment capacity.
RBI amended concentration risk rules to cap unsecured loans at 20% of total advances. The move aims to reduce systemic risk and strengthen financial stability of urban co-operative banks.
The Supreme Court held that provisional attachment under GST law ceases once a final adjudication order is passed. The key takeaway is that such attachment cannot continue beyond the conclusion of proceedings.
