Sunitha natti

Lower litigation a shot in arm for taxmen

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

Protest bugle against IDBI-LIC stake dilution

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

Series of CEO arrests leave banking community troubled

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

LIC can hold 30 per cent stake in IDBI

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

Whopping 140 Public Sector Units chug in losses in southern states

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

Can a ‘bad bank’ fix the NPA issue?

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

Company closures see sharp spurt in FY18

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

GDP data: Not to be taken at face value

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

NPAs of PSBs show no signs of  slowing down 

 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

Post corporate loan fiasco, banks focus on retail

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

South Indians save and borrow the most

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

Trade office, expo part of Taiwan bid to ramp up business with India

India ranks 14th in exports for Taiwan, and its companies invested just $287 million since 2000 in India.

24 Apr 2018

SBI Caps’ ownership rejig plan could trouble PSBs

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

80:20 gold scheme relaxed on UPA government's instruction

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

Major salary hike for SBI Caps CEO Varsha Purandare raises eyebrows

Unbelievable, but the salary of Varsha Purandare, MD & CEO of SBI Caps, had almost tripled between FY16 and FY17.

17 Apr 2018