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 The central bank clarified that investigations, penalties, and approvals under the repealed norms will remain valid.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.
RBI replaced its previous Small Finance Bank dividend framework with revised directions effective FY 2026-27 while preserving legal validity of earlier approvals and proceedings.
While repealing the 2025 Directions, RBI clarified that penalties, obligations, and legal proceedings initiated under the earlier framework will continue to apply. This ensures continuity despite the transition to the new 2026 Directions.
Goa notifies 30 June 2026 as deadline to file GST Appellate Tribunal appeals for orders communicated before 1 April 2026 under Section 112 of the Goa GST Act.
Goa extends the appeal filing deadline to June 30, 2026, for earlier orders. The move ensures taxpayers get adequate time while maintaining standard timelines for new cases.
