IRAC approves P.E.I. smart meter switch, but remains concerned about the pricetag
The Island Regulatory and Appeals Commission has finally granted approval for Maritime Electric to switch its more than ...
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IRAC considers new fuel pricing model for P.E.I. — including calls for higher profit margins
Currently, those in that industry don't report their costs on an annual basis. As for gasoline, IRAC is looking at keeping the profit margin of eight cents a litre on the price people pay at gas ...
Moneylife22h
Andhra Pragathi Grameena Bank Penalised Rs1 Lakh for Violating IRAC Norms
Reserve Bank of India (RBI) has imposed a fine of Rs1 lakh on Andhra Pragathi Grameena Bank for failing to comply with ...
moneycontrol.com1y
Irac Violations
Of the 66 co-op banks penalised by the RBI in 2023, nine have been pulled up for violating Supervisory Action Framework norms, 8 for not transferring balances to the Depositor Education and ...
Business Insider India4y
RBI needs to further relax IRAC norms to protect financial system
In the current circumstances the only way to save the economy and the financial system seems to be a relaxation of the IRAC norms i.e. extending the 90-day schedule to 180 days.