RBI directed banks to speed up credit of inward foreign payments. It held that delays at the beneficiary bank level must be minimized through faster processing and reconciliation.
SEBI clarifies that the broad-based fund requirement applies at the scheme level for AIFs. This ensures accurate investor composition and stricter compliance for AMCs.
The discussion paper addresses increasing APP frauds and proposes preventive safeguards like transaction delays and authentication layers. It aims to strengthen security without disrupting digital payment convenience.
The issue was inconsistency between RoDTEP and Customs Tariff descriptions. The amendment aligns classifications retrospectively, ensuring clarity and uniform eligibility for export benefits.
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 notification addressed mandatory reinsurance cession for general insurance policies. It mandates 4% cession to GIC Re, ensuring domestic risk retention and structured profit-sharing.
The MCA has released draft amendments to simplify company incorporation procedures and reduce compliance requirements. The proposal focuses on form consolidation, digital processes, and streamlined documentation.
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 draft removes the restriction linked to NPA provisioning for including quarterly profits in CET1 capital. It simplifies capital adequacy calculations while retaining prudential safeguards.
The RBI proposes removing restrictions on including quarterly profits in CRAR calculations linked to NPA provisioning. This move simplifies capital adequacy compliance and improves flexibility for banks.
