Reserve Bank of Indiacorporatebanking
RBI Provisioning Norms for NBFCs
The RBI has standardized the 90-day NPA classification for all NBFC categories and detailed provisioning requirements effective from 31 March 2026.
May 25, 2026Read more →
Legal News & Insights
AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
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Insolvency and Bankruptcy Board of Indiainsolvency
IBBI Amends PPIRP Rules for Valuer Appointments
Recent amendments to the PPIRP rules by the IBBI enhance transparency and clarity in the appointment of valuers, aiming to avoid conflicts of interest.
May 24, 2026Read more →
Goods and Services Tax Council of Indiatax
GCCI Advocates for 5% Withholding Tax Restoration for FPIs
The GCCI has called on the Centre to restore the 5% withholding tax rate for Foreign Portfolio Investors in government securities and rupee bonds, claiming that the current rate hampers India’s market appeal.
May 24, 2026Read more →
Income Tax Appellate Tribunaltax
Only Profit Margin on Unrecorded Sales Taxable under Sec. 69A: ITAT Dismisses Revenue's Appeal
The ITAT reaffirmed that only the profit margin from unrecorded sales is taxable under Section 69A, dismissing the revenue's broader appeal for full taxation on such sales.
May 24, 2026Read more →
Income Tax Appellate Tribunaltax
12A Registration Cannot Be Refused for Bona Fide Error in Application Form: ITAT
The ITAT ruled that a bona fide error in the application form cannot serve as a basis to deny registration under Section 12A of the Income Tax Act. This decision highlights the leniency towards honest mistakes in documentation.
May 24, 2026Read more →
Income Tax Appellate Tribunaltax
Form 26AS Receipts Cannot Be Treated as Taxable Turnover Without Proper Reconciliation: ITAT
The ITAT ruled that amounts reflected in Form 26AS cannot be automatically deemed taxable turnover. Verification and reconciliation with actual books are essential before such determination.
May 24, 2026Read more →
Reserve Bank of Indiabanking
RBI Updates Responsible Business Conduct Directions for Regional Rural Banks
The RBI has updated its directions on responsible business conduct specifically for regional rural banks, aiming to ensure ethical practices and compliance in their operations.
May 24, 2026Read more →
Reserve Bank of Indiabanking
RBI Amends Credit Risk Management Directions for Non-Banking Financial Companies
The RBI has released amendments to the directions on credit risk management for non-banking financial companies to strengthen their risk management practices and comply with regulatory standards.
May 24, 2026Read more →
Reserve Bank of Indiabanking
Amendments to Credit Risk Management Directions for Rural Cooperative Banks by RBI
The RBI has amended the credit risk management directions for rural cooperative banks, ensuring that their practices align with the evolving regulatory landscape and risk management standards.
May 24, 2026Read more →
Reserve Bank of Indiabanking
RBI Introduces Amendments to Credit Risk Management for Rural Banks
The RBI has made amendments to the credit risk management directions for regional rural banks, aligning their practices with current financial regulations. This aims to enhance the overall risk management framework within rural banking.
May 24, 2026Read more →
Reserve Bank of Indiabanking
New RBI Directions for Pension Disbursement by Agency Banks
The RBI has issued new directions related to the disbursement of pensions by agency banks, aiming for enhanced governance and efficient processing. These guidelines are part of the RBI's continuous effort to strengthen the framework surrounding public financial management.
May 24, 2026Read more →
Reserve Bank of Indiabanking
RBI Agency Banks Directions on Government Business Issued
The Reserve Bank of India has released new directions for agency banks concerning government business, including payment of agency commission and oversight mechanisms. These directions are aimed at enhancing transparency and accountability in the conduct of government banking operations.
May 24, 2026Read more →
Reserve Bank of Indiabankingcorporate
Upcoming Auction of Treasury Bills Announced by RBI
The Reserve Bank of India has announced an auction for 91-Day, 182-Day, and 364-Day Treasury Bills totaling ₹18,000 crore, set for May 27, 2026.
May 24, 2026Read more →