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Typical reasons observed by RBI for the divergence in asset classification during Supervisory Cycle 2023-24 (FY 2022-23) for UCBs

Revised Guidelines for Appointment/ Re-appointment of Statutory Branch Auditors of Public Sector Banks and Norms on Business Coverage under Statutory Branch Audit of Public Sector Bank

Changing of cut-off date to 1st July instead of 1st January of every year for the Bank Branch Auditors Panel

Adherence to RBI’s circular dated 27th April 2021 regarding “Guidelines for Appointment of Statutory Central Auditors (SCAs)/Statutory Auditors (SAs) of Commercial Banks (excluding RRBs), UCBs and NBFCs (including HFCs)”

Appointment of Statutory Auditors

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DIRECT TAXES

Aug
07
No more higher tax on vacant property as recommended in New Income Tax Bill 2025 due to suggestions by select committee

Aug
06
Income Tax dept detected Rs 30,444 cr undisclosed income, conducted 465 surveys in FY25

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