RBI issues revised Master Circular for UCBs on guarantees, co-acceptances, and letters of credit, consolidating guidelines up to March 31, 2025.
The RBI updates guidelines for exchanging soiled, mutilated, or imperfect notes and coins across bank branches for public convenience, effective April 2025.
RBI releases Master Direction 2025 on counterfeit notes, outlining detection, reporting, and monitoring guidelines for banks.
CBIC highlights revenue collection efforts, CGST amnesty deadline, a new maritime training center, and retirements in its March 31, 2025, communication.
ICSI updates training eligibility for CS trainers, corporate entities, and LLPs, effective April 1, 2025, outlining revised trainee limits based on experience.
Delhi High Court dismisses NRAI plea, upholds CCPA guidelines banning mandatory service charges in restaurants. Rules practice unfair, tips must be voluntary.
NFRA outlines audit strategy and planning requirements, emphasizing auditor communication with audit committees and compliance with auditing standards.
NFRA’s 2023 inspection of SRBC & Co. LLP highlights audit quality issues, independence concerns, and compliance with auditing standards and ethical requirements.
RBI updates norms for government-guaranteed Security Receipts, affecting valuation, capital deductions, and dividend payments. Effective immediately.
SEBI invites public comments on a draft circular for Expected Loss (EL)-based municipal bond ratings. Submit feedback by April 18, 2025. Read more details.
