Notifications / Circulars
01/04/2025
Master Circular - Housing Finance for UCBs
Master Direction - Reserve Bank of India (Interest Rate on Deposits) Directions, 2025
Master Circular – Housing Finance
Master Circular - Bank Finance to Non-Banking Financial Companies (NBFCs)
Master Circular - Income Recognition, Asset Classification, Provisioning and Other Related Matters - UCBs
Master Circular - Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances
Master Circular - Guarantees and Co-acceptances
Master Circular - Guarantees, Co-acceptances & Letters of Credit - UCBs
Master Direction – Facility for Exchange of Notes and Coins
Reserve Bank of India (Classification, Valuation and Operation of the Investment Portfolio of Commercial Banks) Directions, 2023
Master Circular - Prudential Norms on Capital Adequacy - Primary (Urban) Co-operative Banks (UCBs)
Master Direction on Counterfeit Notes, 2025 – Detection, Reporting and Monitoring
Master Circular – Basel III Capital Regulations
Master Circular on Board of Directors - UCBs
Master Circular on Conduct of Government Business by Agency Banks - Payment of Agency Commission
Master Circular - Disbursement of Government Pension by Agency Banks
Master Direction – Scheme of Penalties for bank branches and currency chests for deficiency in rendering customer service to the members of public
Master Direction on Penal Provisions in reporting of transactions / balances at Currency Chests
Master Circular – Lead Bank Scheme
Master Circular - Credit facilities to Scheduled Castes (SCs) & Scheduled Tribes (STs)
Master Circular – Deendayal Antyodaya Yojana - National Rural Livelihoods Mission (DAY-NRLM)
Master Circular on SHG-Bank Linkage Programme
29/03/2025
Revised norms for Government Guaranteed Security Receipts (SRs)
Special Clearing Operations on March 31, 2025
27/03/2025
General Notification for Sale and Issue of Government of India Securities (including Treasury Bills and Cash Management Bills)
Gold Monetization Scheme (GMS), 2015 - Amendment
Master Direction – Reserve Bank of India (Prudential Norms on Capital Adequacy for Regional Rural Banks) Directions, 2025
Master Directions - Reserve Bank of India (Priority Sector Lending – Targets and Classification) Directions, 2025
Priority Sector Lending Certificates
Review of Priority Sector Lending (PSL) Target – Urban Co-operative Banks (UCBs)
Currency Chest operations on March 31, 2025
21/03/2025
Treatment of Right-of-Use (ROU) Asset for Regulatory Capital Purposes
Amortisation of additional pension liability - Implementation of Pension Scheme in Regional Rural Banks with effect from November 1, 1993 - Prudential Regulatory Treatment
Reserve Bank of India (Financial Statements - Presentation and Disclosures) Directions, 2021: Clarifications
17/03/2025
Asian Clearing Union (ACU) Mechanism – Indo-Maldives trade
Annual Closing of Government Accounts – Transactions of Central / State Governments – Special Measures for the Current Financial Year (2024-25)
Implementation of Section 51A of UAPA, 1967: Updates to UNSC’s 1267/1989 ISIL (Da'esh) & Al-Qaida Sanctions List: Amendments in 12 Entries

About Us

We strive to develop and earn our client's trust through a practice that is both dedicated to our client's needs and driven by expertise. We realize no two businesses are the same. So whether your business is a start-up or a multi-national, we can help you achieve your goals.

We proactively innovate and evolve our portfolio of services (that include Audit & Assurance, Risk Advisory, Tax Advisory, Corporate Finance Advisory, Global Knowledge) to address critical challenges that are likely to be faced by businesses. At our bedrock of values is the compass by which we orient operations on every platform - from management to dealings with our clients to our brand of service.

Our Core Values

We define ourselves proudly by the following core values:

Honesty & Integrity
One cannot exist without the other. If a relationship must flourish, it must be based on the values we hold sacred. Values such as trust, reliability and transparency.

Taking Personal Responsibility
Respect and a sense of equality drive our internal environment. We inculcate a strong sense of responsibility to our clients, our colleagues and our firm.

Strong and Personal Client Relationships
Our client relationships are more than just business partnerships. We endeavour to understand the person as well their business and to build a longstanding relationship based on mutual respect and trust.

Mutual Support
We treat each other with consideration and respect, and uphold a culture of sharing and consultation.

Commitment to Quality
At N. P. Dharamshi & Co. we are committed to achieve and exceed client expectations through flawless professional services provided by a team of highly motivated and competent personnel.We constantly understand the needs of our client. We believe that the satisfaction of each need involves a tailor made solution of flawless processes, technology and above all, innovation.

We endeavour to understand our clients' business and ultimately assist them to achieve their goals with our professional contribution.

We uphold, at all times, the high standards professional ethics that our clients' deserve of us; we ensure regulatory compliance and commit to comply with and better the effectiveness of Quality Management Systems.

We employ and retain the best talent and inculcate in all our core values of professional ethics and mutual respect; we empower them through our Knowledge Management Initiatives.