RBI’s June 2025 circular amends rules for inoperative accounts and unclaimed deposits, enabling KYC updates at all branches, V-CIP, and via Business Correspondents.
RBI issues KYC Amendment Directions 2025, extending updation deadlines for low-risk customers, allowing BCs for KYC, and mandating multiple advance intimations.
Ministry of Finance designates specific NABARD bond as zero coupon for tax exemption. Learn about the bond’s maturity, discount, and issuance details.
Govt amends FEMA rules to allow Indian firms in FDI-prohibited sectors to issue bonus shares to non-resident shareholders, with no change in ownership.
Office Memorandum details updated GoM composition for Restructuring Compensation Cess, led by Union Minister of State for Finance.
Central Government notifies Greater Noida Industrial Development Authority under Income Tax Act, 1961, Section 10(46A), effective AY 2024-25.
RBI’s June 2025 circular removes restrictions on using Brickwork Ratings India Private Limited (BRIPL) ratings for bank capital adequacy under Basel III.
The Manipur Goods and Services Tax (Amendment) Ordinance, 2025, updates the state’s GST Act, aligning it with central law changes and introducing new tax determination rules.
New RBI guidelines exclude Primary Co-operative Banks’ contributions to eligible funds for PSL shortfalls from exposure limit calculations, though a 100% risk weight applies.
RBI circular dated June 9, 2025, broadens Large Exposures Framework exemption to include bank contributions to NHB, SIDBI, and MUDRA for PSL shortfalls.
