RBI amended Investment Fluctuation Reserve norms for Urban Co-operative Banks after operational difficulties in maintaining IFR. The revised rules permit drawdown of excess IFR balances beyond the mandatory 5% threshold.
RBI has amended IFR maintenance norms for Rural Co-operative Banks after identifying operational difficulties in compliance. The revised framework mandates annual assessment of the reserve based on book value of current category investments.
The 2026 amendment directions modify how Regional Rural Banks must maintain IFR under RBI’s investment portfolio framework. Banks are now required to maintain IFR at a minimum of 2% of HFT and AFS portfolios.
RBI updated the 2025 Capital Adequacy Directions after issuing revised rules on classification, valuation, and operation of investment portfolios. The amendment specifically deletes sub-paragraph 21(i)(b).
RBI has amended commercial bank disclosure rules by introducing revised reporting requirements for provisions relating to non-performing investments. The changes aim to enhance transparency and consistency in financial statements.
RBI has amended the financial statement disclosure framework for Local Area Banks by revising reserve definitions and NPI provision reporting requirements. The changes aim to improve transparency and standardization in banking disclosures.
The DGFT has changed the import status of specified silver bars from “Free” to “Restricted” under ITC HS Codes 71069221 and 71069229. Importers must now comply with Policy Condition No. 7 of Chapter 71 under the revised import framework.
CBIC revised SAED on ATF exports to Rs. 16 per litre effective 16 May 2026, impacting aviation fuel exporters and export duty costs.
The Ministry of Finance amended the central excise notification issued in March 2026 by revising rates applicable to specified goods. The notification cites public interest and introduces revised per litre duty rates effective from 16 May 2026.
The Principal Bench of GSTAT instructed scrutiny officers not to raise defects where appellants upload required soft copy documents with appeal filings. The order seeks to simplify and streamline the appeal filing process on the GSTAT Portal.
