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.
The RBI has cut the repo rate to 5.50%, reduced CRR to 3.0% in tranches, and revised penal interest rates, aiming to stimulate the economy.
NPCI introduces NACH 3.0, an upgraded platform with enhanced security, improved interface, and optimized file handling for member banks, with migration starting in July.
RBI introduces unified directions for lending against gold and silver collateral, effective April 1, 2026, standardizing norms for banks and NBFCs, and enhancing borrower protection.
ICAI establishes new branches in Khammam and Nizamabad, Telangana, effective May 27, 2025. Hosapete is detached from the Ballari branch jurisdiction.
MCA mandates attachment of signed financial statements in PDF with AOC-4 XBRL from July 14, 2025, via amendment to XBRL filing rules.
Department of Posts has issued a one-time relaxation, allowing manual processing for compassionate engagement cases of married daughters of deceased GDS, registered before June 27, 2024.
