The new norms require acquiring banks to conduct rigorous due diligence of AePS touchpoint operators—such as Business Correspondents (BCs) and Bank Mitras—at the time of onboarding, in line with the KYC procedures laid out in the RBI’s Master Direction on…
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SEBI has seized incriminating evidence related to a pump and dump scam involving shares of several companies, following search operations conducted in June 2025. The investigation is ongoing, and the crackdown follows a rise in such schemes perpetrated through social…
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Jio BlackRock Investment Advisers secures Sebi’s nod for its stock broking venture. This marks the third approval for the Jio-BlackRock joint venture. The company aims to offer affordable and transparent execution capabilities. Marc Pilgrem highlights the ability to provide personalized…
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The Securities and Exchange Board of India has updated regulations concerning related party transactions. Company management must now secure certification from key executives for audit committees. Shareholders will receive valuation reports for significant transactions. Requirements for royalty payment disclosures are…
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Finance Minister Nirmala Sitharaman urged public sector banks to leverage the RBI’s 50 bps rate cut to boost lending to productive sectors, aiming to sustain profitability momentum. PSBs reported a record cumulative profit of Rs 1.78 lakh crore in FY25.…
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ICAI will implement new guidelines from April 2026, limiting each partner in accounting firms to a maximum of 60 tax audits annually. This aims to prevent audit assignment concentration among senior partners and foster competition.
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