The RBI amends rules requiring banks to monitor exposure to large borrowers and specific sectors. The change strengthens risk management practices and enhances systemic stability.
RBI amends IRACP Directions, deleting Paragraph 117, permitting banks to reverse released provisions or transfer them to General Reserve from January 1, 2026.
The RBI amends provisioning norms, enabling small finance banks to reverse released provisions or transfer them to the General Reserve, effective January 1, 2026.
The RBI deletes Paragraph 78 on risk-weighted assets, amending prudential norms. The update, effective January 1, 2026, strengthens capital adequacy frameworks for commercial banks.
The RBI amends prudential norms by deleting Paragraph 68 on risk-weighted assets calculation. The change, effective January 1, 2026, updates capital adequacy rules for small finance banks.
ROC Vijayawada imposed a penalty on the statutory auditor for not qualifying the report on uncharged depreciation, highlighting accountability under Section 143(3) of the Companies Act.
CBDT notifies a State Pollution Control Board as exempt under Section 10(46A), effective AY 2024-25. The decision confirms tax-free status for statutory environmental regulators.
A statutory authority has been formally notified for exemption under Section 10(46A) with effect from AY 2024-25. The approval is conditional on continued operation under its governing Act and eligible purposes.
CBDT notifies tax exemption for a development authority under Section 10(46A), effective from AY 2024-25. The ruling confirms retrospective benefit with no adverse impact on taxpayers.
RBI has clarified that no new Urban Co-operative Banks or conversions will be permitted. It has also adopted a four-tier structure based on deposits to ensure proportionate regulation and stability.
