PFRDA has revised the charge structure for Points of Presence under NPS schemes, introducing onboarding and AUM-based annual charges. The circular also clarifies exemptions for e-NPS subscribers and dormant accounts.
PFRDA issued a circular revising PoP charges under NPS after reclassifying corporates into Government Entities and Legal Entities. A 0.20% annual charge on AUM will apply to legal entities.
PFRDA has introduced a new framework reclassifying corporate participants in NPS into Government Entities and Legal Entities. The circular mandates certification and compliance requirements, failing which entities will face corporate-sector charges.
RBI clarified how Asset Reconstruction Companies should compute owned funds, allowing inclusion of quarterly profits subject to audit and dividend adjustment.
RBI clarified that certain items such as current year losses, investments in subsidiaries, intangible assets, and deferred tax assets must be deducted while computing Tier 1 capital for SPDs.
RBI updated rules permitting wholly owned subsidiaries of foreign banks to declare dividends like domestic banks while complying with prudential norms and FEMA.
RBI’s new Directions set prudential rules for dividend payouts and profit remittances, linking distributions to capital adequacy and financial health from FY 2026-27.
RBI revoked the earlier 2025 Directions to introduce updated rules effective FY 2026–27. The central bank clarified that investigations, penalties, and approvals under the repealed norms will remain valid.
RBI introduced prudential norms limiting dividend payouts by payment banks to a maximum of 75% of profit. The framework links dividend eligibility to capital adequacy, asset quality, and supervisory compliance.
Once the parties had contractually agreed to exclude interest, Arbitral Tribunal, being a creature of the contract, could not award pre-award or pendente lite interest even in the guise of compensation. However, post-award interest stood on a different footing.
