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 authority clarified AMC alignment between Tier I and Tier II accounts to ensure uniformity. It also exempted low-balance accounts and simplified charge applicability.
SEBI introduced PaRRVA to ensure verified reporting of risk and return metrics by regulated entities. The framework restricts unverified performance claims and strengthens investor protection.
The issue was complexity in the existing tax law. It was clarified that the new Act simplifies structure by reducing sections and removing redundancies without changing core policies.
The issue addresses how borrowers often assume a universal best loan. The explanation clarifies that loan suitability varies based on income, credit score, and needs, emphasizing personalized selection.
The issue was inadequacy of general criminal laws in dealing with syndicates. The law creates a stricter framework to dismantle organised crime networks and ensure effective prosecution.
This case examines whether ITC can be denied when a supplier fails to deposit tax despite a genuine transaction. Courts ruled that bona fide purchasers should not be penalized for supplier defaults, emphasizing fairness and constitutional safeguards.
The Department of Posts revised the limit for voucher-free Aadhaar-authenticated withdrawals from ₹5,000 to ₹20,000. The move strengthens paperless banking and simplifies POSB transactions through e-KYC processes.
The issue was inconsistent prudential norms across financial entities. RBI mandated that Non-Operative Financial Holding Companies follow commercial bank asset classification rules.
