NBFCs must disclose detailed loan and contract exposures to related parties, including NPAs and provisions, enhancing transparency and risk oversight from the new effective date.
Regulators have opened the door for banks to independently set up pension funds under strict eligibility norms. The move is aimed at improving competition, governance, and subscriber protection in the NPS.
The authority held that although the annual return was filed 266 days late, no penalty could be imposed as the default was rectified before adjudication notice. The ruling underscores relief under Section 454(3) for cured defaults.
The amendment allows select infrastructure loans to be treated as high-quality exposures if strict operational, contractual, and security conditions are met. The key takeaway is enhanced lender protection within concentration risk norms.
The draft Central Rules lay down detailed procedures to operationalised the Industrial Relations Code, replacing older dispute and standing order rules. The move standardises industrial relations processes and invites public feedback before finalisation.
The 2025 Directions mandate strict timelines, review periods, and higher provisioning for delays in resolving stressed assets. The key takeaway is faster resolution with stronger accountability for AIFIs.
New prudential norms tighten NPA identification, borrower-wise classification, and day-end tagging. The key takeaway is uniform, objective recognition to curb evergreening.
The Authority ruled on correct tariff headings for key materials used in lithium-ion cell manufacturing. The decision brings clarity and certainty on customs classification.
The central bank has laid down fresh directions requiring transparent, Board-approved interest rate frameworks for urban co-operative banks. The key takeaway is stronger safeguards against excessive interest and clearer disclosures to borrowers.
The tribunal held that foreign exchange fluctuation loss was deductible as it was recorded under a consistent mercantile accounting system and in line with applicable accounting standards. The ruling reiterates that such losses are allowable when gains are similarly taxed.
