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COMPLIANCE WORRIES FOR BANKS
BRICS adopts New Delhi Declaration: Inside the 140-point document on Global South's ambitionsBRICS leaders adopted the New Delhi Declaration at the 18th summit, reaffirming their commitment to cooperation, multilateralism and a more...- New trade rules raise compliance worries for banks over cross-border paymentsAs of October first, banks will bear the new burden of overseeing cross-border payment transactions. They are required to confirm the valid...
- Nobody is a friend; India must cut reliance on foreign tech: M2P Fintech’s Madhusudanan RIn the run up to the Global Fintech Fest 2026, Madhusudanan R, co-founder of M2P Fintech, spoke to The Economic Times Digital about the new...
- ET World Leaders Forum 2026: Our reform express will move forward at even greater speed, says PM ModiBuilding on the theme of Shared Futures for the ET World Leaders Forum, Prime Minister Narendra Modi says the future of every country is in...
- ETMarkets NRI Talk | Rupee at 96: Why NRIs should think twice before sending more money to India, says Sachin SawrikarWhile a weaker rupee means more rupees for every dollar remitted, it can also erode the dollar value of INR-denominated investments over ti...
- AI is creating more jobs than it destroys in India, but freshers face the squeezeAI is creating more jobs than it destroys in India currently. However, entry-level hiring is declining significantly for young workers. Com...
- Moving back to India? What NRIs need to know about US tax obligationsFrom RSUs to retirement accounts, what returning Indians must settle before—and after—they land. The first thing to understand is that immi...
- RBI changes loan recovery rules:: No harassment, recorded calls, strict recovery agent code & moreThe Reserve Bank of India has announced new guidelines for loan recovery starting in January 2027. These regulations require that banks pro...
- Can you get income tax notice for making digital payments through UPI, NEFT, RTGS, and IMPS? Know when it can be triggeredDigital transactions like UPI and NEFT can trigger income tax notices. These notices arise when transactions do not match your declared inc...
- Presumptive taxation: Rebate to losses & deductions, what is the practical impact of changes under Income Tax Act, 2025Under the old Income Tax Act, 1961, the regime operated under three separate provisions. The new Income Tax Act, 2025 consolidates them int...
- ITR filing 2026: NRIs need to file Schedule FA in ITR to declare foreign asset for AY 2026-2027 in this caseResident and ordinarily resident individuals must report foreign assets. This disclosure is required in Schedule FA of the income tax retur...
- New EPF Scheme, 2026: What existing and new PF subscribers should knowIndia's Employees' Provident Fund (EPF) is undergoing a significant modernization with the EPF Scheme, 2026. Existing subscribers will see ...
- HDFC Bank shares down 20% in 2026 so far. Time to buy as the governance cloud clears up?HDFC Bank shares have plunged 20% this year amid governance concerns, sparked by a former chairman's resignation. The bank has since appoin...
- Banks unlikely to face shocks, but tech can't fix all the cost worriesIndian banks are preparing for higher compliance costs, tighter margins, and tougher fee competition, potentially affecting 2025 earnings. ...
- Banks hire ex-RBI men to avoid slip-upsIncreasing scrutiny and higher costs for non compliance mean banks would rather have a person who knows the workings of the central bank.
- Government must build trust for compliance window success: Naina Lal KidwaiThe government needs to assure against any "witch-hunt" to make the compliance window under the new black money law a success and it's a "p...
- Black money: Compliance window in the next 2-3 weeksGovt will notify compliance window in the next two-three weeks for those holding undeclared assets abroad to come clean by paying 30% tax.
- Banks must have system to rectify errors: KC Chakrabarty, RBIRBI is not worried about some compliance deviations by banks but they must have a proper system for rectifying such errors, RBI Deputy Gove...
- Government says HSBC staff violating safety norms a serious matterTerming as "serious" the alleged violation of safety compliance by HSBC staff in the country against money laundering, India today promised...
- Will get to bottom of HSBC staff violating safety norms: GovernmentIndia said it will get to the bottom of the alleged violation of safety compliance by HSBC's staff in the country against money laundering.
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