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BANKING COMPLIANCE
RBI removes Paytm Payments Bank from list of scheduled banksIn April this year, the Reserve Bank of India (RBI) had cancelled the banking licence issued to PPBL for non-compliance with norms, saying ...- Individuals exempt from reporting under new FEMA trade rules, RBI saysIndividuals undertaking personal transactions will not have to comply with new foreign exchange trade regulations imposed. The Reserve Bank...
- MDR a small fee, will not have major impact on UPI volumes: RBI Guv MalhotraSanjay Malhotra, the Governor of the Reserve Bank of India, commented on the impact of MDR fees on UPI transactions. He expressed confidenc...
- Agentic AI in financial services: How banks are rethinking lending, risk and decision-makingFrom loan processing and credit assessment to fraud detection and regulatory compliance, agentic AI is changing how financial institutions ...
- Next-gen GST reforms: Single registration, easier input tax credit among key MSME demandsThe 57th GST Council meeting, now slated for October 8, 2026 (Thursday), is likely to consider several proposals aimed at easing the compli...
- GST 2.0: From stuck tax credit to fewer disputes, industry chambers list key reform demandsGST 2.0 reforms are being advocated by industry chambers to improve input tax credit and streamline compliance processes. Businesses desire...
- Insurance misselling misunderstood: The regulator’s proposal is tantamount to addressing the symptom, while ignoring the causeIn FY25, the Indian insurance sector experienced significant premium growth while maintaining flat penetration rates. However, complaints r...
- GST Council may scrap arrest provisions, fast-track refunds with 90% automatic payoutThe upcoming 57th GST Council meeting on October 7 is set to unveil transformative proposals that could reshape GST regulations. Key sugges...
- Anthropic's Claude can now process AI requests locally in India through Amazon BedrockAnthropic has launched its Claude AI models in India for local processing through Amazon Bedrock. This development addresses data residency...
- GST exemption for banks, nominated agencies for gold, silver imports may be withdrawnThe GST Council may end the IGST exemption on gold, silver and platinum imported by banks and nominated agencies, sources said. The exempti...
- Bonded warehouses may face 24-hour discrepancy reporting, five-year digital records under proposed customs overhaulThe government is considering tighter compliance rules for bonded warehouses, including a 24-hour deadline to electronically report shortag...
- ICICI Life Insurance appoints Sidharatha Mishra as MD & CEO as Anup Bagchi joins HDFC BankICICI Life Insurance Company on Friday appointed Sidharatha Mishra as managing director and CEO, effective October 14. The appointment come...
- RBI asks banks to tackle repeat customer complaints, fix gaps in grievance systemsThe Reserve Bank of India has asked banks to identify systemic, process and operational gaps behind recurring customer complaints and condu...
- RBI eases bank stake rules, allows one-time approval for MFs, insurers for holdings up to 10%The Reserve Bank of India (RBI) on Thursday finalised its July proposal to simplify bank shareholding rules, allowing eligible mutual funds...
- HDFC Bank names ICICI veteran Anup Bagchi as MD & CEOHDFC Bank new CEO: The Bank has appointed Anup Bagchi as its new Managing Director and CEO, effective October 27. He will succeed Sashidhar...
- Employers face compliance hurdles as states delay notification of Labour Code rulesTen states and union territories have formally adopted some Labour Codes, creating compliance challenges for companies. Major industrial st...
- HDFC Bank Group General Counsel Sudhir Kumar Jha retires after 22 yearsSudhir Kumar Jha has retired from HDFC Bank effective September 30, 2026, concluding his 22-year tenure. Following his retirement, Jha will...
- HDFC Bank names ICICI veteran banker V.N. Srivatsan as Chief Compliance OfficerHDFC Bank has appointed V.N. Srivatsan as its Chief Compliance Officer for a three-year term, effective from his joining date on January 4,...
- PwC India appoints Rajan Pental as financial services sector leaderPwC India has appointed Rajan Pental as the new Financial Services Sector Leader to drive growth. He will lead initiatives aimed at boostin...
- ICAI tells members to complete statutory compliance before nationwide bank strikeBank employee unions have called the three-day strike, during which branch operations across public sector banks are expected to remain dis...
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