#banking-regulation
Ban on flexi-loans: Should RBI be flexible?
The defining feature of a flexi-loan is amortisation, not revolveability. Instead of a blanket ban, the regulator may consider certain structural safeguards against evergreening
RBI Resumes UCB Licensing : Need for Stronger Governance
RBI proposes to bar most NBFCs from offering revolving credit facilities - CNBC TV18
RBI proposes to ban most NBFCs from offering revolving credit, reshaping credit products. New rules define term loans and revolving credit.
RBI clears three-month extension for HDFC Bank interim chairman Keki Mistry
The Reserve Bank of India has granted a three-month extension for Keki Mistry as interim Part-time Chairman of HDFC Bank. This allows the bank more time to appoint a regular chairman. The decision follows a legal inquiry into former chairman Atanu Chakraborty…
RBI rejects industry feedback on capital adequacy norms
Industry feedback highlighted risks of temporary profit surges inflating lending capacity.
Dealing with immovable assets acquired as part of recovery: RBI proposes maximum 7-year holding period
To mitigate moral hazard, REs shall be prohibited from selling the SNFA back to the borrower or to any related party of the borrower. They will also be required to disclose the stock of SNFAs held by them in their balance sheet