Update on RBI policy and Penalties

• June 7, 2019
• CA Chandan Agarwal's Office

1) RBI removes NEFT, RTGS payment charges to push digital transactions:
https://economictimes.indiatimes.com/wealth/personal-finance-news/rbi-removes-neft-rtgs-payment-charges-to-push-digital-transactions/articleshow/69672695.cms
2) Penalties take toll on auditing firms: http://www.ecoti.in/eEhYgZ
3) S R Batliboi & Co LLP debarred from Audit of Commercial Banks for 1 year due to lapses in statutory audit of Commercial Bank:
https://m.rbi.org.in//Scripts/BS_PressReleaseDisplay.aspx
4) No extension: https://www.thehindubusinessline.com/todays-paper/tp-news/article27585958.ece