New Delhi, Apr 13 (KNN) The Income Tax Department has introduced simplified tax forms under the Income Tax Act, 2025, effective April 1, 2026, aimed at improving ease of compliance and streamlining processes for taxpayers. Under the revised Income Tax Rules, 2026, the erstwhile Form 49AA has been replacedContinue Reading
New Delhi, Apr 15 (KNN) Non-banking financial companies (NBFCs) are expected to increase their reliance on bank borrowings in FY27, supported by relatively lower interest rates in the banking system, according to Crisil Ratings. The share of bank borrowings, which rose to 43 per cent in FY26 amid higher activityContinue Reading
New Delhi, Apr 16 (KNN) The share of bank loans in the overall borrowings of non-banking financial companies (NBFCs) is expected to rise to 44–45 per cent in the current fiscal, up from around 43 per cent in the second half of FY26, according to a report by Crisil Ratings.Continue Reading
New Delhi, Apr 16 (KNN) The Financial Intelligence Unit-India (FIU-IND) and the Securities and Exchange Board of India (SEBI) have signed a Memorandum of Understanding (MoU) to enhance coordination and information sharing in combating money laundering and financial crimes. The agreement was signed by Amit Mohan Govil, Director, FIU-IND, andContinue Reading
New Delhi, Apr 17 (KNN) Assets of Upper Layer non-banking financial companies (NBFCs) could rise to 70 per cent of the total assets of the sector from 30 per cent now if the Reserve Bank of India (RBI) implements the proposed draft amendments to its Scale-Based Regulation (SBR) framework, CareEdgeContinue Reading
New Delhi, Apr 17 (KNN) The Reserve Bank of India (RBI) has issued the Non-Banking Financial Companies – Branch Authorisation (Amendment) Directions, 2026, introducing changes to norms governing branch expansion by non-banking financial companies (NBFCs). Issued on Wednesday, the revised framework incorporates stakeholder feedback on draft guidelines released earlier thisContinue Reading
New Delhi, Apr 8 (KNN) The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI), chaired by Governor Sanjay Malhotra, kept the policy repo rate unchanged at 5.25 per cent at its 60th meeting held from April 6 to 8, 2026. The MPC flagged rising global uncertainty, particularlyContinue Reading
