New directions mandate strict identification and reporting of wilful defaulters by asset reconstruction entities. The key takeaway is that borrowers labelled as wilful defaulters face continued credit restrictions until full resolution.
The regulator has overhauled credit reporting norms for asset reconstruction entities, mandating uniform data formats and frequent updates. The key takeaway is stronger borrower protection through accuracy standards and penalties for delayed corrections.
The Directions introduce a unified responsible-business framework for NBFCs, focusing on transparency, fair pricing, and ethical recovery. Mandatory KFS disclosures, limits on penal charges, and borrower-friendly loan resets significantly enhance consumer protection.
The 2025 Directions comprehensively revamp rules governing Asset Reconstruction Companies. They tighten governance, capital, valuation, and disclosure norms to ensure transparent and time-bound recovery of stressed assets.
The new Directions lay down a unified risk-management framework for financial and IT outsourcing by NBFCs. Boards remain fully accountable, with mandatory due diligence, contractual safeguards, and RBI oversight.
New Directions mandate a fair, transparent, two-stage process with notice, disclosure, and hearing before tagging a borrower as a wilful defaulter. The key takeaway is strengthened natural justice alongside tighter credit discipline.
The regulator has rolled out a comprehensive framework for early identification and time-bound resolution of stressed assets by NBFCs. The key takeaway is stricter governance, faster resolution timelines, and enhanced supervisory scrutiny to prevent evergreening and protect credit discipline.
The regulator held that payouts labelled as awareness and marketing were actually unauthorised commissions. Insurers must ensure transparency, approvals, and proper classification of such expenses.
The regulator relaxed KMP eligibility, expanded experience criteria, and allowed flexible PPM extensions. The move aims to reduce operational hurdles while protecting investors.
FAQs confirm that only practicing professionals with a full-time CoP can generate UDINs, while others may only view past records. This tightens access control and improves document authenticity.
