The Tribunal held that suspicion or reference to unconnected investigations cannot justify denying legitimate interest expenditure. It reiterated that opening balances accepted in earlier years cannot be treated as non-genuine in a subsequent year without contrary evidence.
The RBI introduces strict standards on risk retention, liquidity facilities, and accounting treatment for securitised assets. It restricts SFBs to acting only as originators and mandates stronger disclosure and governance norms. The move aims to curb implicit support and enhance prudential discipline.
RBI Directions promote diversified ownership and limit concentration of control. Detailed application, due diligence, and compliance reporting safeguard the banking sector from financial and governance risks.
RBI’s 2025 Directions establish a clear framework for voluntary amalgamation of UCBs, focusing on depositor protection, capital adequacy, and regulatory approval.
RBI introduces a comprehensive framework mandating uniform, transparent, and non-negotiable interest rates for Payments Banks. The Directions clarify rules for savings deposits, prohibit inducements, and repeal earlier guidelines.
RBI introduces flexible on-tap licensing for Small Finance Banks to boost financial inclusion, regulate promoters, and ensure robust banking operations.
Banks raising green deposits must comply with policies on project selection, fund allocation, and monitoring. Eligible projects include renewable energy, clean transport, energy efficiency, and biodiversity conservation.
The RBI introduces updated prudential norms requiring Payments Banks to maintain adequate regulatory capital. The Directions aim to strengthen financial stability and ensure disciplined risk management.
The ITAT held that an assessee’s procedural lapses cannot override statutory entitlement to deductions under section 10A. The AO must verify substantive conditions, including STPI registration and export realization, before rejecting a claim.
RBI’s 2025 Directions set strict rules for managing financial and IT outsourcing risks, including Board oversight, data security, and vendor accountability. Banks must comply to safeguard operations and customer data.
