The NPA ratio for all commercial banks declined in FY19, but stressed assets inched up. Moreover, the NPA ratio of Indian banks is the poorest
Day: December 28, 2019
Bank frauds rise to record Rs 1.13 lakh cr in H1 FY20 – The Economic Times
Frauds reported by banks during the first half of the current fiscal touched an all-time high amount of Rs 1.13 lakh crore, owing to delay
indian banks: Banks still not out of the woods; RBI sees bad loans rising in 2020 – The Economic Times
The report said state-run banks’ GNPA ratios may increase to 13.2 per cent by September 2020 from 12.7 per cent in September 2019. Mumbai: The
DICGC faces a claim of Rs 14,000 crore from co-operative banks including PMC: RBI – The Economic Times
The Deposit Insurance and Credit Guarantee Corporation (DICGC) faces a total claim of about Rs. 14,000 crores from the co-operative banks mostly urban cooperative banks
Income tax changes of 2019: The impact they made on your personal finances – The Economic Times
Another relief for the salaried class was the hike in standard deduction by Rs 10,000 to Rs 50,000. A lot of big things happened on
RBI Governor Shaktikanta Das wants firms, banks to do this to lift economy – The Financial Express
The RBI chief also said reviving the twin engines of consumption and investment remains the key challenges even as remaining vigilant about spillovers from global
No more bullets, just hard reforms – The Financial Express
Even when many in the government criticised ex-chief economic advisor Arvind Subramanian for saying India’s GDP was overstated by 2.5 ppt, few could explain why,
New SBI ATM cash withdrawal rule: Do this for over Rs 10,000 from January 1 – The Financial Express
SBI ATM cash withdrawal: Withdrawing more than Rs 10,000 from an SBI ATM is going to be more secure from January 1. SBI customers will
A real Budget, please: This one has to confront severe resource restraints | Business Standard Column
Among the first things that a finance minister has to do when framing the Budget is determine the likely growth rate for the economy in
GST shortfall not that big headache for Modi; it’s a worry for state Chief Ministers – The Financial Express
To compensate for GST shortfall, the government has recently increased the monthly GST collection target. Low tax collection in most of the Indian states may
West Bengal FM Amit Mitra’s suggestion to boost banking penetration into unbanked areas; what he says – The Financial Express
West Bengal Finance Minister Amit Mitra on Friday said the cooperative banks in the state have lent Rs 36,000 crore in the last five years
Nirmala Sitharaman to meet heads of PSBs tomorrow, likely to discuss credit flow to MSMEs – The Financial Express
By Ankur Mishra Finance minister Nirmala Sitharaman is expected to meet the heads of the public sector banks on December 28 to discuss the credit flow
Banks’ gross NPA ratios may rise from 9.3% to 9.9% by Sept 2020: RBI | Business Standard News
The gross NPA ratio of banks stood at 9.3 per cent in March 2019. The gross non-performing asset ratio of banks may increase to 9.9
Time running out for PSBs | Business Standard Editorials
The Indian banking sector is showing signs of a turnaround after many years. The latest “Report on Trend and Progress of Banking in India 2018-19”,
FinMin notifies norm limiting ITC to 10% in case of GST details mismatch – The Hindu BusinessLine
Tax authority given the right to restrict the use of balance in electronic credit ledger In an effort to curb the menace of fake invoices
The difficulty of being honest | The Indian Express**— Mr. Ashok Lavasa–Member of Election Commission of India
Written by Ashok Lavasa “Honesty is the best policy” was a favourite topic of debates in school. It is another matter that both sides —
Independent directors must enrol with online data bank–Deccan Chronicle
As a new initiative towards enhancing good corporate governance standards, the Indian Institute of Corporate Affairs (IICA) has launched an online data bank for the
Crude on fresh high, may worsen economic slowdown | Deccan Herald
Brent crude prices hit a three-month high to trade at $68.07 per barrel on Friday, impacting the rupee, which depreciated 4 paise to close at
The ‘Great Slowdown’: Indian economy needs a stimulus | Deccan Herald
Former Chief Economic Adviser Arvind Subramanian has said that the current economic slowdown in India looks much like 1991, which was a year of severe
RBI orders urban cooperative banks to declare exposures above Rs 5 crore–Business Today
The Reserve Bank of India has ordered major primary urban cooperative banks (UCBs) to report credit information on all borrowers that have aggregate exposures of
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