Monthly Tax Bulletin - July 2024
NewsletterStay ahead with Grant Thornton Bharat's July 2024 Tax Bulletin. Get the latest Tax news, expert tax analysis, and news highlights.
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We are pleased to present the June edition of our RBI Regulatory Banking Insights. This newsletter aims to provide you with comprehensive updates and insightful analysis on key regulatory development, particularly those mandated by the Reserve Bank of India (RBI).
In this edition we have covered some of the key regulatory updates introduced by the RBI in June 2024. In June, the RBI updated its Master Direction - RBI Interest Rate on Deposits Directions, 2016. Additionally, the RBI issued a notification on the Priority Sector Lending – Amendments to the Master Directions. The RBI is offering extra credit for loans to underserved districts and simplifying reporting for some banks, while clarifying which small businesses qualify for these loans. We have also shared our view of the RBI’s 29th issue of the Financial Stability Report (FSR), which indicates a positive outlook for the Indian financial system.
Stay ahead with Grant Thornton Bharat's July 2024 Tax Bulletin. Get the latest Tax news, expert tax analysis, and news highlights.
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