RBI issued draft directions on Capital Market Exposure for banks and amendments to NBFC Scale-Based Regulation, inviting public and stakeholder comments by November 21, 2025.
RBI releases a draft circular proposing a mandatory Unique Transaction Identifier (UTI) for all OTC derivative deals in India to enhance global data aggregation and market transparency.
A new facility in Invoice Management System (IMS) has been introduced on GST portal wherein taxpayers are allowed to keep credit notes as Pending for one tax period.
Taxpayers cannot file GSTR-9 for FY 2024-25 unless all GSTR-1 and GSTR-3B returns are completed. Auto-population of relevant tables depends on these filings.
GSTN confirms GSTR-9/9C filing for FY 2024-25 is active on the GST portal since October 12, 2025. Filing requires all GSTR-1 and GSTR-3B returns for the year to be submitted first.
The RBI announced the withdrawal of ₹2000 notes in May 2023. As of Sept 30, 2025, 98.35% of notes are returned. Notes remain legal tender; exchange/deposit continues at RBI offices.
RBI consolidates 9,000 circulars into 238 Draft Master Directions for 11 regulated entities to cut compliance costs. Feedback on completeness is due Nov 10, 2025.
SEBI and exchanges simplify penalties for stock brokers (w.e.f. 10/10/2025). ‘Financial disincentive’ replaces ‘penalty’ for procedural lapses; framework standardized to avoid multiple penalties.
GSTN clarifies that the Invoice Management System (IMS) implementation does not change GSTR-2B auto-population or its timing. Credit Note handling offers new flexibility for recipients.
RBI’s 2025 draft Master Directions propose a stronger internal ombudsman system to ensure fair and timely customer grievance resolution within banks, NBFCs, and payment entities before escalation to RBI Ombudsman.
