The RBI mandates AD banks to report global INR derivative transactions of related parties. The move strengthens oversight and improves risk monitoring across markets.
Taxpayers were unable to file appeals when demand orders reflected zero liability despite disputes. The advisory clarifies that rectification must be sought to enable appeals and protect statutory rights.
CBIC clarified that goods moving from SEZ to DTA are deemed imports. Hence, re-export of such goods qualifies for drawback under Section 74. The key takeaway is uniform treatment of SEZ clearances.
The issue concerns replacement of earlier RBI Directions on asset classification and provisioning. The key takeaway is that the new framework applies prospectively while preserving past actions under the repealed rules.
The analysis clarified that shareholder protection is ensured through ultimate parent consolidation. Hence, intermediate companies can still claim exemption under Section 188. The ruling highlights functional over literal interpretation.
RBI mandates separate disclosure of provisions and detailed credit quality reporting. The ruling improves transparency and aligns financial statements with updated provisioning norms.
The amendment updates loan classification references under ALM Directions. The key takeaway is that banks must follow the 2026 IRACP framework for classification from April 2027.
The amendment revises classification, valuation, and provisioning rules for bank investments. The key takeaway is that investment norms now follow a unified framework based on ECL and credit risk stages.
RBI revised credit risk transfer rules to align with updated asset classification norms. The amendment ensures consistent recognition, provisioning, and disclosure of acquired loans.
RBI mandates that penal charges apply only after a three-day delay and only on outstanding dues. The ruling protects customers from excessive penalties and ensures fair billing practices.
