RBI’s updated guidelines define promoter eligibility, NOFHC requirements, capital adequacy, shareholding patterns, and transition rules for Small Finance Banks.
RBI mandates rules for internet and mobile banking, ensuring banks meet regulatory, technological, and customer protection standards before launching digital channels.
RBI’s 2025 Directions overhaul how commercial banks classify, value, and manage investments. The rules tighten Board oversight, clarify SPPI tests, redefine treatment of AT1/Tier 2 instruments, and strengthen IFR and derivative disclosure requirements.
ITAT Chandigarh ruled that income and valuation additions based solely on third-party digital data or statements cannot be made without corroboration from the assessee’s records, leading to deletion of disputed amounts.
RBI has repealed the 2016 KYC Master Direction and mandated adoption of the new 2025 KYC Directions across all payment systems. The update standardizes KYC, digital verification, and due diligence requirements for uniform compliance.
RBI consolidates regulatory instructions into 244 Master Directions and repeals outdated circulars to streamline compliance and simplify the regulatory framework.
RBI has replaced the old 2016 KYC framework with entity-specific directions for all Authorised Persons. The update mandates compliance with new KYC norms based on regulatory category and requires monitoring of agents and franchisees.
The RBI’s 2025 Directions set prudential exposure limits to mitigate risks from large exposures to single borrowers or groups. Banks must ensure diversification and report significant exposures above 10% of Tier I capital.
CESTAT ruled that statements and WhatsApp messages cannot be treated as evidence for imposing penalties under the Customs Act, 1962 without following procedural safeguards, including examination in chief and cross-examination.
ROC Chennai imposed penalties after a company failed to disclose PAN of allottees in a private placement return. The ruling confirms that omissions under Rule 14(6) attract Section 450 penalties, even for voluntary reporting.
