The move is aimed at tightening governance and reducing conflicts of interest in lending practices by commercial banks. The revised norms, effective from April 1, 2026, consolidate and replace over a dozen legacy circulars, creating a unified regulatory framework. RBI also introduced scale-based thresholds beyond which banks and non-banking financial companies (NBFCs) will need board approval for lending to related parties.
RR Kabel shares jump 10% as Q1 PAT surges 129% YoY, Ebitda doubles
RR Kabel reported a strong June-quarter performance, with profit after tax surging 129% year-on-year and Ebitda nearly doubling, driven by robust growth in its Wires