In another act of kindness to small taxpayers and businesses, the threshold limit for filing appeals in tribunals is raised to Rs 20 lakh, Rs 50 lakh and Rs 1 crore in High Courts and SC.
15 Jul 2018
Even as the decks are being cleared for the proposed IDBI-LIC stake buyout deal, about 400-500 bank employees opposing the move have called for a week-long strike starting next Monday.
12 Jul 2018
Sources said, though there are no signs of a challenge in filling up the vacancies yet, bankers are certainly giving a serious thought to the offers being put on the table.
30 Jun 2018
State-run LIC, the black knight for IDBI Bank, can hold as much as 30 per cent equity stake in an entity as a strategic promoter, according to sources.
26 Jun 2018
Worse, nearly a quarter of the total state-run firms are defunct, including some firms in Andhra Pradesh that are undergoing liquidation for as far back as 27 years.
19 Jun 2018
The newly introduced Insolvency and Bankruptcy Code (IBC) was touted as the game changer that would help banks to get rid of the toxic loan pile in a time-bound manner.
15 Jun 2018
Post crackdown on shell companies, active firms’ shutdowns shot up 13% at 44,747 in FY18 compared to 39,440 in FY17.
08 Jun 2018
One can hear the drumbeats with the NDA government boasting about India’s world-beating 7 per cent growth every year since it took over in May 2014.
27 May 2018
26 scheduled commercial banks that have declared annual results together added D2.5 lakh crore to the gross NPA pile during FY18
24 May 2018
For the past few years, both public and private sector banks are making up for the slack in credit growth to industries by increasing their exposure to retail borrowers.
13 May 2018
RBI says while deposits grew by 13.1 per cent in FY17, banks disbursed personal loans worth Rs 5.7 lakh crore across the south.
09 May 2018
India ranks 14th in exports for Taiwan, and its companies invested just $287 million since 2000 in India.
24 Apr 2018
The country’s largest lender SBI wants to revamp the ownership structure of its money-spinning subsidiary SBI Caps, but the proposal has put Public Sector Banks (PSBs) in a spot.
22 Apr 2018
The RBI relaxed the controversial 80:20 gold import scheme launched in May, 2014 based on the instructions it received from the Ministry of Commerce, sources said.
19 Apr 2018
Unbelievable, but the salary of Varsha Purandare, MD & CEO of SBI Caps, had almost tripled between FY16 and FY17.
17 Apr 2018