Articles by CA Mahesh Bansal

Govt's greed destroying petroleum industry in India

CA Mahesh Bansal 04 October 2022 at 07:56

In July, the Indian government started levying a hefty additional excise duty on crude oil in the name of 'windfall gains' to upstream companies.

Important amendments to IRAC norms for Bank Branch Auditors 2022

CA Mahesh Bansal 05 April 2022 at 14:48

The RBI had issued certain clarifications vide its notification dated 12th Nov 2021 with a purpose to more accurately interpret the extant IRAC norms which we must keep in mind while conducting branch audits this time.

Should you invest in current IPOs?

CA Mahesh Bansal 11 November 2021 at 09:31

Investors will benefit the most by investing in IPOs when secondary markets are at lows. However, promoters will benefit the most by selling their shares when markets are at record highs.

Risks of leaving your bank account dormant

CA Mahesh Bansal 20 October 2021 at 09:54

In a latest development, Delhi Police Cyber Crime Cell has arrested 12 persons including 3 HDFC Bank employees for fraudulently attempting to siphon money out of a dormant account belonging to an NRI.

RBI Guidelines- Opening of Current Accounts of Borrowers by Banks

CA Mahesh Bansal 22 August 2020 at 13:49

To check this loophole, the RBI has vide a notification dated 6th August, issued fresh guidelines in respect of opening and operating CC/OD/Current accounts of borrowers which are mandatory to be followed by all branches.

Framework for resolution of stressed loans on account of Covid-19

CA Mahesh Bansal 10 August 2020 at 09:29

The RBI has, vide notification dated 06.08.2020, issued a new framework for resolution of stressed loans caused by Covid-19.

Revised Guidelines on Classification of MSMEs and Registration under Udyam

CA Mahesh Bansal 29 June 2020 at 09:30

The Central Govt. has notified revised method of classification of micro, small and medium enterprises w.e.f. 1st July 2020.

Key points for Bank Audit 2019

CA Mahesh Bansal 25 March 2019 at 10:57

Many of you may have been allotted bank branch audits. I congratulate them heartily. Today, I am sharing with you few things to keep in mind while going for ban..

Elements of Restructuring of Loans

CA Mahesh Bansal 25 October 2016 at 11:08

Debt restructuring is a method used by companies with outstanding debt obligations to alter the terms of the debt agreements in order to achieve some advantages..