Conflict of interest restrictions bar ARCs from bilateral acquisitions with sponsors, lenders or group entities; transparent auctions allowed.
ARCs are barred from bilateral acquisition of financial assets from (i) a sponsoring bank or financial institution, (ii) a bank or financial institution that is a lender to the ARC or a subscriber to funds raised by the ARC, and (iii) any entity in the ARC's group. Despite this prohibition, ARCs may participate in auctions for financial assets if auctions are transparent, conducted on an arm's length basis, and prices are determined by market forces.

Free ATM transactions clarified: failed and non cash on us transactions excluded, and customers not charged for failures.
Transactions that fail due to technical reasons-including hardware, software, communication issues, non-availability of currency, invalid PIN/validations, or other declines directly attributable to the bank or service provider-shall not be counted as valid ATM transactions and no charges shall be levied. Non-cash 'on us' transactions at the card issuing bank's ATM (e.g., balance enquiry, cheque book request, tax payment, funds transfer) are likewise excluded from the number of free ATM transactions.

Bank rate reduction lowers penal interest rates linked to reserve shortfalls and takes effect immediately.
Bank Rate is revised downward by 35 basis points to 5.65 per cent with immediate effect and becomes the reference rate for regulatory purposes. Penal interest rates on shortfalls in reserve requirements linked to the Bank Rate are revised accordingly: Bank Rate plus 3.0 percentage points (8.65 per cent) or Bank Rate plus 5.0 percentage points (10.65 per cent), applied depending on the duration of the shortfalls.

Large Exposures Framework limits bank concentration, mandates look through, connectedness tests and mandatory reporting of large exposures.
The Large Exposures Framework mandates caps, measurement and reporting of banks' aggregated exposures to single counterparties and groups of connected counterparties, applied at consolidated and solo levels. Banks must aggregate on and off balance sheet exposures, recognise eligible credit risk mitigation consistent with Basel III, determine connectedness through control or economic interdependence, apply a mandatory look through approach to structures and CIUs, and report exposures meeting the regulatory threshold; most provisions became effective from April 1, 2019, with certain criteria phased in April 1, 2020.

Deferral of Indian Accounting Standards implementation pauses adoption for scheduled commercial banks pending legislative amendments and preparedness.
Deferral of implementation of Indian Accounting Standards (Ind AS) for scheduled commercial banks (excluding regional rural banks) is extended until further notice because recommended legislative amendments to the Banking Regulation Act remain under government consideration and many banks require additional preparedness time, thereby suspending the previously scheduled transition timetable.