![RBI Issues Draft Directions and Invites Comments on Capital Charge and ECL-based Provisioning Framework for Banks [Read Press Release]](https://images.taxscan.in/h-upload/2025/10/08/500x300_2094842-rbi-ecl-taxscan.webp "RBI Issues Draft Directions and Invites Comments on Capital Charge and ECL-based Provisioning Framework for Banks [Read Press Release]")
RBI Issues Draft Directions and Invites Comments on Capital Charge and ECL-based Provisioning Framework for Banks [Read Press Release]
The Reserve Bank of India (RBI) on October 7, 2025, issued two sets of draft Directions in pursuance of an announcement made in the Statement on...
![SBI has Right to Deny Appointment Based on Poor CIBIL Report and Loan Defaults: Madras HC [Read Order]](https://images.taxscan.in/h-upload/2025/06/26/250x150_2054802-sbi-sbi-has-right-to-deny-appointment-appointment-based-on-poor-cibil-report-cibil-report-taxscan.webp "SBI has Right to Deny Appointment Based on Poor CIBIL Report and Loan Defaults: Madras HC [Read Order]")
Bad Debts arising out of Business of Credit Card Services is part of Banking Activities: ITAT allows deduction claimed by HDFC Bank u/s 36(1)(vii) of Income Tax Act [Read Order]
The Mumbai bench, Income Tax Appellate Tribunal ( ITAT ) while allowing the deduction claimed by the HDFC Bank under Section 36(1)(vii) of the Income Tax Act, 1961 held that bead debts arising out of...
![Bad Debts arising out of Business of Credit Card Services is part of Banking Activities: ITAT allows deduction claimed by HDFC Bank u/s 36(1)(vii) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Mumbai-Income-tax-Income-tax-news-HDFC-Bank-Credit-card-services-taxscan.jpg "Bad Debts arising out of Business of Credit Card Services is part of Banking Activities: ITAT allows deduction claimed by HDFC Bank u/s 36(1)(vii) of Income Tax Act [Read Order]")
UPI Auto Payment of Credit Card Bill Payment Limits Set to Surge Without AFA Requirement - What You Need to Know
RBI's governor has announced plans to raise UPI auto payment limits for specific transactions without Additional Factor Authentication (AFA). Payments up to Rs 1 lakh, including mutual fund...
UPI's Interlink with Fast Payment Systems of other Countries Facilitates Cross-Border Payments 24x7, says Central Minister Pankaj Chaudhary [Read Order]
The Central Minister Pankaj Chaudhary has stated that the Government and Reserve Bank of India (RBI) has proposed the interlinking of UPI with the Fast Payment Systems of other Countries to...
Bad Debts from Credit Card Business Deductible as Business Loss: ITAT Grants Relief to IndusInd Bank [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT), while allowing relief to IndusInd Bank has held that the bad debts arising from the credit card business shall be allowable as business...
![Bad Debts from Credit Card Business Deductible as Business Loss: ITAT Grants Relief to IndusInd Bank [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Bad-Debts-Bad-Debts-from-Credit-Card-Business-Business-Loss-ITAT-IndusInd-Bank-taxscan.jpg "Bad Debts from Credit Card Business Deductible as Business Loss: ITAT Grants Relief to IndusInd Bank [Read Order]")