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.
Supreme Court in ACIT vs Marico Ltd held that reassessment under Section 148 is invalid where the Assessing Officer had already examined the issue in original assessment proceedings, reaffirming that reopening on a mere change of opinion is without jurisdiction.
The case examines whether additional ITC benefit post-GST was passed to buyers. The Tribunal held that failure to reduce prices amounted to profiteering, requiring refund with interest.
The framework clarifies GST on rental income and management fees but leaves gaps in other areas. The key takeaway is ongoing uncertainty around property transfers and ITC reversal.
