Individuals are now entitled to one free full credit report each year with calibrated credit scores. This improves transparency and empowers consumers to monitor and correct their credit profiles.
RBI has released the 2025 Miscellaneous Directions governing commercial banks, with selective provisions for gold-dealing banks, primary dealers, and private sector banks. The update clarifies applicability and strengthens regulatory oversight.
The regulator issued a consolidated KYC framework for ARCs, mandating risk-based due diligence, digital/V-CIP safeguards, and stricter governance to curb money laundering and terrorist financing.
The 2025 Directions consolidate scattered circulars into a single framework governing what activities NBFCs may undertake and under what conditions. The key takeaway is tighter governance with clear permissions, caps, and safeguards across NBFC categories.
The RBI has introduced binding norms for RRB credit and debit cards, focusing on consent, transparency, and consumer protection. Unsolicited cards and opaque charges are strictly barred.
The central bank has issued new Directions mandating ethical and responsible business practices for urban co-operative banks. The rules aim to improve governance, transparency, and customer trust.
The Directions unify multiple credit-related instructions into a single framework for RRBs. They reinforce prudential safeguards while promoting responsible and transparent lending practices.
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.
RBI has notified revised capital adequacy norms for RRBs, mandating a 9% CRAR with detailed rules on Tier 1, Tier 2 capital, and risk weights. The key takeaway is tighter prudential discipline and stronger capital buffers for RRBs.
The RBI issued a fresh set of Directions outlining a regulatory framework for upcoming instructions applicable to commercial banks. The implementation date will be announced separately.
