The draft guidelines aim to allow responsibly sourced gold from accredited Indian and global refineries on IIBX, promoting transparency, supply chain due diligence, and ethical bullion trading.
The ROC Chennai penalized a company and its directors for failing to disclose PAN and email IDs of allottees in Form PAS-3. Reduced penalties were applied considering the company’s small status, with rectification required within 90 days.
The issue involved aligning capital requirements with the scale and complexity of NBFCs. The Directions mandate differentiated capital, CET1, and leverage requirements based on regulatory layers.
RBI introduces a unified framework ensuring transparent, non-discriminatory interest rates on all domestic and non-resident deposits. Key takeaway: SFBs must follow strict policies on rate setting, premature withdrawals, and disclosure.
RBI introduces a detailed framework allowing SFBs to issue long-term bonds with CRR/SLR and PSL benefits. The Directions aim to boost infrastructure and affordable housing finance.
Separate asset classification and provisioning norms apply to Base, Middle, and Upper Layer NBFCs. The change strengthens proportional regulation based on systemic risk and size.
The regulator fixes an umbrella borrowing ceiling linked to net owned funds while removing the older overall borrowing limit. AIFIs must now strictly align funding plans with the retained cap.
The updated Directions clarify that P2P platforms can only act as intermediaries and cannot lend, guarantee returns, or absorb losses. The key takeaway is complete risk transfer to lenders with enhanced disclosures.
The new Directions consolidate fragmented ALM instructions into a single, principle-based regime. They strengthen oversight through ALCO governance, stress testing, and maturity mismatch limits.
The regulator has overhauled the framework for mortgage guarantee firms, prescribing higher capital, strict risk management, and governance standards. The key takeaway is enhanced financial resilience and systemic stability.
