The IFSCA amended the Finance Company Regulations, 2021 to permit Special Purpose Vehicles (SPVs) to undertake leasing and financing activities. The amendment also prescribes minimum fund requirements and grants exemptions from certain regulations.
The regulator cancelled a surveyor’s licence after finding false records, mismatched filings, and inaccurate disclosures. The ruling highlights strict compliance expectations in maintaining survey data.
The Tribunal held that no documentary evidence connected the Customs Broker to the alleged fraudulent exports. Revocation and penalty were quashed for want of proof.
RBI now requires financial institutions to factor in calamity risks while evaluating borrowers. This move ensures more resilient and realistic credit risk assessments.
RBI permits financial institutions to waive or reduce charges for customers in disaster-hit areas. The amendment ensures temporary financial relief and promotes responsible lending practices during crises.
RBI permits accounts slipping into NPA due to calamities to be upgraded to ‘Standard’ after resolution. This ensures relief to borrowers while maintaining regulatory discipline.
RBI mandates Regional Rural Banks to consider disaster impacts while evaluating loans. The move strengthens rural credit risk management and promotes responsible lending.
RBI establishes a structured resolution mechanism for borrowers impacted by natural disasters. The framework ensures timely relief while maintaining regulatory discipline and coordination.
RBI has amended credit risk rules requiring rural cooperative banks to consider calamity risks while assessing borrowers. The move strengthens risk evaluation and promotes resilient lending practices.
RBI permits rural cooperative banks to operate from temporary premises during disasters. The move ensures uninterrupted banking access and supports affected communities.
