News

IBA advises public sector banks to revise statutory audit policies following the Banking Laws (Amendment) Act, 2025, including reducing physical branch audit coverage to 50% of total business/advances.

IBA Recommends Public Sector Banks to Reduce Ambit of Physical Branch Audits to 50% of Total Business 

BCCL plans to file a review petition after the Supreme Court upheld a Rs 46.20 crore payment decree in a contract dispute with ATLibra BPL.

Supreme Court Rejects BCCL’s Appeal in Overburden Removal Contract Case; Company Plans Review Petition

Circulars

EPFO has extended the deadline for filing the September 2026 Electronic Challan-cum-Return (ECR) and depositing statutory PF contributions from October 15 to October 31, 2026. 

EPFO Extends September 2026 ECR Filing and PF Payment Deadline to October 31

NPCI has announced MDR charges on select UPI merchant transactions after Diwali, with the implementation date and further details to be announced soon.

Big UPI Update: NPCI to Introduce Merchant Discount Rate Charges on Certain Person-to-Merchant Transactions After Diwali

Notifications

The Finance Ministry has notified a 7.1% interest rate on deposits under the Special Deposit Scheme for Non-Government Provident, Superannuation and Gratuity Funds.

Govt Fixes 7.1% Interest Rate on Special Deposit Scheme for Non-Government PF Funds From Oct to Dec 2026

The DGFT has extended the RoDTEP Scheme for eligible exports from September 30 to December 31, 2026, with existing rates, value caps and other conditions unchanged.

Explore Our Blogs

IBA Recommends Public Sector Banks to Reduce Ambit of Physical Branch Audits to 50% of Total Business

Supreme Court Rejects BCCL’s Appeal in Overburden Removal Contract Case; Company Plans Review Petition

EPFO Extends September 2026 ECR Filing and PF Payment Deadline to October 31

Big UPI Update: NPCI to Introduce Merchant Discount Rate Charges on Certain Person-to-Merchant Transactions After Diwali

Govt Fixes 7.1% Interest Rate on Special Deposit Scheme for Non-Government PF Funds From Oct to Dec 2026

Govt Extends RoDTEP Scheme for Exporters Till Dec 31, 2026, Existing Rates and Value Caps Remain Unchanged