The Institute of Chartered Accountants of India has deferred the peer review requirement for auditors of state-run bank branches by one year, extending the deadline to December 31, 2026. The move gives audit firms and reviewers more time to prepare for compliance.
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Thursday, January 1, 2026
BANKING
Banks can now sponsor pension funds for India's National Pension System. This move by the Pension Fund Regulatory and Development Authority aims to boost competition. Banks must meet specific eligibility criteria. This is part of broader reforms. Subscribers can now invest in gold, silver ETFs, Nifty 50, and Alternative Investment Funds. Investment management fees will be revised from April 2026.
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