Rural co-operative banks must now report suit-filed and non-suit large defaulter accounts to credit bureaus every month. The ruling strengthens transparency and early risk detection for lenders.
The 2025 Directions overhaul credit risk management through board-approved policies, stricter appraisal norms, and enhanced oversight. The key takeaway is stronger governance and reduced systemic risk across NBFCs.
The RBI has notified fresh Asset Liability Management Directions for RRBs, setting uniform standards for liquidity, interest rate, and currency risk management. The move strengthens Board oversight and balance sheet discipline.
The central bank has notified fresh Directions under enhanced statutory powers. They apply immediately to all urban co-operative banks to strengthen regulatory oversight.
The issue was whether outsourcing IT services can dilute regulatory responsibility. RBI clarified that CICs, their boards, and management remain fully accountable despite third-party arrangements.
While restructuring remains prohibited for fraud and wilful default, settlements are permitted to maximise recovery. The ruling balances recovery speed with safeguards and ongoing penal action.
The 2025 Directions introduce uniform formats, strict timelines, and mandatory CIC membership for NBFCs. The key takeaway is tighter compliance and improved accuracy in credit information across the financial system.
RBI introduces updated Directions for Payments Banks, effective immediately, to enhance regulatory oversight and safeguard public interest. The framework clarifies applicability and reinforces operational discipline.
The regulator has introduced comprehensive rules on income recognition, asset classification, and provisioning for rural co-operative banks. The move tightens NPA identification and strengthens transparency in financial statements.
The 2025 framework tightens norms on issuance, pricing, consent, and customer protection for NBFC-issued credit cards, aiming to curb mis-selling and unfair practices.
