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RBI AUDIT NORMS
RBI finalises NBFC-UL norm that may see Tata Sons listIndia's central bank has redefined systemically important NBFCs, setting a new asset threshold of ₹1 lakh crore for upper-layer companies. ...- ITR filing AY 2026-27: 8 costly mistakes taxpayers should avoid this tax return filing seasonThe I-T Department’s growing scrutiny, using AI and data analytics tools, leaves little room for omissions and errors, making accurate tax ...
- The safe keepers: Inside India's booming locker economyIndia’s locker economy is booming amid rising gold prices and household wealth. While banks remain the preferred repository, private vault ...
- HDFC Bank shares fall 2% on reports of internal probe over Rs 45 cr interest paymentsHDFC Bank shares fell after a report revealed an internal investigation into Rs 45 crore payments to Maharashtra State Road Development Cor...
- RBI eases rules for banks to include quarterly profits in regulatory capitalThe Reserve Bank of India (Commercial Banks - Prudential Norms on Capital Adequacy) Fifth Amendment Directions, 2026 said a bank may reckon...
- RBI cancels Paytm bank license, to approach high courtThe Reserve Bank of India has taken decisive action against Paytm Payments Bank by cancelling its banking licence. This means that the bank...
- Audit firms wary as govt proposes to tighten rulesNew rules on auditor independence are causing worry among Indian audit firms. These changes could affect how audits are priced and limit ch...
- New auditors: RBI clarifies on tenure, eligibility normsThe central bank on April 27, 2021, had issued a circular on 'Guidelines for appointment of statutory central auditors (SCAs)/statutory aud...
- New audit rules aimed at ensuring auditor independence: RBIIn April the banking regulator had issued new norms that tightened appointment of auditors and capped the numbers based on the asset size o...
- Slow and steady the way to Go, RBIIL&FS, Dewan Housing Finance, HDIL — NBFCs have put up scandalous performance, creating a climate that legitimises drastic action, even mak...
- RBI slams foreign banks on data ruleThe Reserve Bank of India (RBI) has pulled up several multinational banks operating in the country for not providing a board-approved syste...
- RBI slams foreign banks on data ruleIn a recent communication, the RBI said that a majority of banks are yet to submit system audit reports certifying compliance to data stora...
- New auditing rule book to ensure no repeat of IL&FS, DHFL-like fiascosRules likely to improve transparency and build confidence in audit industry, say many analysts, who also flag initial operational issues
- RBI's new audit norms a step in the right direction: ICAIThe move is all the more important considering the increased public interest in such entities, given their size and spread through the nati...
- ICAI says Reserve Bank's new auditor norms to enhance audit qualityIn April, the Reserve Bank of India (RBI) came out with the norms for appointment of Statutory Central Auditors (SCAs) and Statutory Audito...
- Concept of joint audit has worked very well: Amarjit Chopra, ex-president, ICAI"As per the new norms, there shall be joint audits in certain entities beyond a threshold. Can having two auditors or more instead of one i...
- RBI brings in stricter norms for auditors of banks, NBFCsThe RBI has set criteria for audit firms regarding the number of audits they can undertake at a time, and how they should conduct them. The...
- RBI issues guidelines for appointment of statutory auditors of banks, NBFCsAs per the new norms, banks will be required to take prior approval of the RBI for appointment or reappointment of statutory auditors on an...
- RBI revises audit norms for banks to improve risk management systems"The overall objective of the LFAR should be to identify and assess the gaps and vulnerable areas in the business operations, risk manageme...
- Govt may review norms for statutory auditor appointment in PSBsPSBs are allowed to appoint statutory central auditors on an annual basis, subject to their fulfilling the eligibility norms prescribed by ...
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