“Cooperative federalism is at stake. GST hasn’t yielded the promised revenue productivity. Let us at least learn from experience and restructure the tax," Kerala Finance Minister KN Balagopal said.
hile the funds classified as 'customer account deposits' have actually declined from CHF 550 million at the end of 2019 and those through fiduciaries also more than halved from CHF 7.4 million, the money held via other banks rose sharply from CHF 88 million in this period.
Analysts estimate that non-performing assets (NPAs) will jump from a little under 8 per cent in the previous fiscal year — helped by restructuring, write-offs and regulatory relaxations including a loan moratorium — to 13-15 per cent in 2021-22.
HDFC Bank said the issues were faced for an hour late in the morning on Tuesday and the same was resolved in an hour. It urged customers to use the net banking alternative to transact in the interim.
There are 197 MFIs with a loan outstanding of Rs 2,27,942 crore. Of this, 15 banks account for Rs 93,432 crore, 86 NBFC-MFIs Rs 70,196 crore and 8 small finance banks Rs 42,689 crore.
Withdrawing funds from a PF account could help ease short-term cash-flow issues but it could also impact the retirement goals of an individual.
The RBI announced a hike in interchange fee structure for ATM transactions, starting Aug 1.
The capital infusion will make Carlyle the largest shareholder in PNB Housing. This despite the fact that both the government and PNBHF publicly committed to ensuring that PNB maintains a 26% stake.
Yes Bank said it will raise funds in "1xbet betwinnern/foreign currency by issue of debt securities including but not limited to non-convertible debentures, bonds, medium term note."
1xbet betwinner is the third-largest profit contributor for the HSBC Group after Hong Kong and mainland China and delivered a pre-tax profit of USD 1.024 billion in 2020.
The second Covid wave has raised uncertainty around the future economic outlook and pushed the potential policy normalisation further into the future.
“In view of the order of the Supreme Court, the circular is no longer valid from the date of the Supreme Court judgement, and therefore cannot be cited or quoted from,” the RBI said in a notification.
As per rules of Insolvency and Bankruptcy Code (IBC), EPFO dues are a part of workmen salaries and dues, which are accorded the highest priority and are to be paid in full by the resolution applicant when bidding for the company under corporate insolvency resolution process.
Although it is difficult to ascertain the impact of the second wave at this point of time, as an immediate observation, it has impacted our collection efficiency in April 2021, which fell to 81 per cent from 87 per cent in March 2021.
Public sector and private sector banks recorded 3.6 per cent and 9.1 per cent credit growth, respectively, whereas lending by foreign banks declined during 2020-21, RBI data showed.
The bank booked a profit before tax (PBT) of Rs 2,680 crore during the quarter against a loss of Rs 1,723 crore in the year-ago period. PBT stood at Rs 5,556 crore for FY21 against a loss of Rs 1,802 crore in FY20.
Bank Fixed deposits (FDs) vs Small savings schemes: What should be your investment choice between bank FDs and small savings schemes? Let’s find out.
RBI officials had met the chiefs of public sector banks on May 19 and discussed the issue of credit flow and Covid resolution framework. The RBI is expected to announce the next bimonthly policy review on June 4.
As per the fresh set of regulations, an 1xbet betwinnern insurance company with 74 per cent foreign equity should have majority of its directors, key management personnel, and at least one among the chairperson of its Board, its managing director and its chief executive officer; as resident 1xbet betwinnern citizens.
The interim stay order by the SAT is subject to an undertaking by Yes Bank that if the case is decided against the bank, it would pay the penalty within two weeks from the date of such an order.
The RBI circular, issued on April 27, to tighten the auditing process is facing resistance from NBFCs which had a free run till now.
The judgment assumes significance as it will now provide teeth to lenders to simultaneously invoke personal guarantees of promoters even while bankruptcy proceedings against the ailing firms are pending, thus speeding up the process for recovery of dues.
According to bankers, the number of deaths among the bank staff is very high when compared to the national average. The number of bank staff who got infected with Covid is also very high as they are yet to get vaccinated.
A fresh consultation, a senior government official said, was felt necessary as there have been “major changes” in the way these virtual and cryptocurrencies operate and are traded.
Dogecoin’s price fell by 21.65 per cent to $0.382533 and XRP fell 22.74 per cent to $1.25.