RBI mandates UCBs to maintain a minimum 5% IFR based on HFT and AFS portfolios. The requirement will now be assessed annually, easing compliance pressures.
RBI proposes shifting IFR assessment to balance sheet dates instead of continuous monitoring. This reduces compliance burden while retaining prudential safeguards.
The appeal found that the RTI response was delayed beyond statutory timelines. The key takeaway is that delay breaches RTI provisions and limited disclosure may still be required.
The Reserve Bank of India issued draft Amendment Directions on April 8, 2026, revising the existing framework for Investment Fluctuation Reserve (IFR) across multiple categories of banks, including commercial banks, co-operative banks, small finance banks, payments banks, and regional rural banks. The draft proposes key changes such as removing the IFR requirement for banks already […]
The circular shifts SLAs from a renewal-based licensing system to a registration regime with annual fees. This ensures continuity of registration subject to compliance.
The issue concerns mandatory reporting of specified financial transactions under tax law. The key takeaway is that entities must report high-value transactions within prescribed timelines or face penalties.
The issue concerns applicability of tax audit based on turnover thresholds. The ruling highlights that exceeding prescribed limits mandates audit compliance under Section 44AB.
The issue concerns tax relief for foreign investors in infrastructure. The key takeaway is that specified funds can claim exemption on income if strict conditions are met.
The issue concerns disciplinary action for professional misconduct. The ruling enforces removal from membership and bars practice for a specified period.
The government has extended the unrestricted import of Urad for another year. The key takeaway is that importers can continue duty-free imports without policy restrictions until 31 March 2027.
