Budget 2020 Light On New Structural Reforms: Fitch
Business | Press Trust of India | Wednesday February 5, 2020
Budget 2020: The credit ratings major projected that the government debt will remain close to 70 per cent of GDP throughout the period to 2021-22.
As Budget Falls Short, RBI May Focus On US-Style Operation Twist
Business | Anirban Nag, Bloomberg | Monday February 3, 2020
The fiscal plan -- delivered by Finance Minister Nirmala Sitharaman on Saturday -- proposed tax cuts for individuals and wider deficit targets, but failed to provide specific steps to fix a struggling financial sector, improve infrastructure and create jobs.
Budget 2020: Insurance Cover For Bank Depositors To Be Raised To Rs 5 Lakh
Business | Edited by Peter Noronha | Saturday February 1, 2020
Deposit insurance is a protection cover against losses on bank deposits if a bank fails financially and has no money to pay its depositors.
Budget 2020: Government Abolishes Dividend Distribution Tax, Pegs Rs 25,000 Crore Revenue Loss
Business | ANI | Saturday February 1, 2020
Budget 2020: Finance Minister Nirmala Sitharaman said the system of levying DDT results in an increase in tax burden for investors, and especially for those who are liable to pay tax less than the rate of DDT if the dividend income is included in their income.
Budget 2020: Banking Sector Reforms To Remain Priority, Says Nirmala Sitharaman
Business | ANI | Saturday February 1, 2020
Budget 2020: Finance Minister Nirmala Sitharaman said foreign portfolio investor (FPI) limits in corporate bonds are proposed to be increased to 15 per cent of outstanding stocks from the current 9 per cent.
Banks' Loans Rise 7.2% In Two Weeks To January 17: Reserve Bank of India
Business | Reuters | Friday January 31, 2020
Non-food credit fell Rs 29,285 crore to Rs 99.23 lakh crore, while food credit fell Rs 1,401crore to Rs 82,101 crore.
Troubled Assets Relief Programme-Like Fund Likely In Budget For Shadow Banks: Report
Business | Indo-Asian News Service | Tuesday January 28, 2020
A high level review meeting was held on Monday, chaired by Prime Minister Narendra Modi. A final decision will be taken on the matter.
Axis Bank Loses 15,000 Staff In 9 Months, Hires 28,000 More
Business | IANS | Friday January 10, 2020
"The bank is expanding fast and last year has been a year of large number of new hirings; substantially higher numbers compared to last year both in gross as well as on net basis," Rajesh Dahiya, Executive Director, Axis Bank, was quoted as saying in a statement.
Key Challenges For Finance Minister Ahead Of Union Budget
Business | Edited by Abhishek (With inputs from agencies) | Saturday February 1, 2020
Finance Minister Nirmala Sitharaman will present the first full year Budget on February 1, 2020 after Prime Minister Narendra Modi's National Democratic Alliance government returned to power in May last year. The Budget will be preceded by the presentation of Economic Survey by Chief Economic Advisor Krishnamurthy Subramanian. The Economic Survey a...
Budget 2019 Ensures Vigilance, Short-Term Liquidity For Shadow Banks: India Ratings
Business | Indo-Asian News Service | Wednesday July 17, 2019
According to India Ratings, the proposed framework will help in tackling the contagion risk by the regulator especially for extreme cases.
Budget 2019: Government Plans Rs 70,000 Crore Bank Recapitalisation
Business | Thomson Reuters | Friday July 5, 2019
The state-owned banks, which control a majority of banking assets in India, have been weighed down by nearly $150 billion in stressed assets
Nirmala Sitharaman's Budget Lifeline For Struggling Shadow Banks
Business | Suvashree Ghosh, Bloomberg | Friday July 5, 2019
The shadow banking crisis erupted a year ago when Infrastructure Leasing & Financial Services Ltd. defaulted on a series of debt obligations
Government Gives Central Bank More Power to Regulate Shadow Lenders
Business | Suvashree Ghosh, Bloomberg | Friday July 5, 2019
The crisis in NBFC sector emerged a year ago when Infrastructure Leasing & Financial Services defaulted on a series of debt obligations
KYC Norms For FPIs To Be Eased; Listing Norms For Social Enterprises: Nirmala Sitharaman
Business | Press Trust of India | Friday July 5, 2019
Finance Minister Nirmala Sitharaman, on Friday, said KYC norms would be eased for foreign portfolio investors.
Refrain From Nudging State-Run Lenders To Pump-Prime Economy: Urjit Patel
Business | Indo-Asian News Service | Thursday July 4, 2019
Urjit Patel's presentation pointed out that in Indian banks, capital is low relative to NPAs when compared to global standards
Budget 2020 Light On New Structural Reforms: Fitch
Business | Press Trust of India | Wednesday February 5, 2020
Budget 2020: The credit ratings major projected that the government debt will remain close to 70 per cent of GDP throughout the period to 2021-22.
As Budget Falls Short, RBI May Focus On US-Style Operation Twist
Business | Anirban Nag, Bloomberg | Monday February 3, 2020
The fiscal plan -- delivered by Finance Minister Nirmala Sitharaman on Saturday -- proposed tax cuts for individuals and wider deficit targets, but failed to provide specific steps to fix a struggling financial sector, improve infrastructure and create jobs.
Budget 2020: Insurance Cover For Bank Depositors To Be Raised To Rs 5 Lakh
Business | Edited by Peter Noronha | Saturday February 1, 2020
Deposit insurance is a protection cover against losses on bank deposits if a bank fails financially and has no money to pay its depositors.
Budget 2020: Government Abolishes Dividend Distribution Tax, Pegs Rs 25,000 Crore Revenue Loss
Business | ANI | Saturday February 1, 2020
Budget 2020: Finance Minister Nirmala Sitharaman said the system of levying DDT results in an increase in tax burden for investors, and especially for those who are liable to pay tax less than the rate of DDT if the dividend income is included in their income.
Budget 2020: Banking Sector Reforms To Remain Priority, Says Nirmala Sitharaman
Business | ANI | Saturday February 1, 2020
Budget 2020: Finance Minister Nirmala Sitharaman said foreign portfolio investor (FPI) limits in corporate bonds are proposed to be increased to 15 per cent of outstanding stocks from the current 9 per cent.
Banks' Loans Rise 7.2% In Two Weeks To January 17: Reserve Bank of India
Business | Reuters | Friday January 31, 2020
Non-food credit fell Rs 29,285 crore to Rs 99.23 lakh crore, while food credit fell Rs 1,401crore to Rs 82,101 crore.
Troubled Assets Relief Programme-Like Fund Likely In Budget For Shadow Banks: Report
Business | Indo-Asian News Service | Tuesday January 28, 2020
A high level review meeting was held on Monday, chaired by Prime Minister Narendra Modi. A final decision will be taken on the matter.
Axis Bank Loses 15,000 Staff In 9 Months, Hires 28,000 More
Business | IANS | Friday January 10, 2020
"The bank is expanding fast and last year has been a year of large number of new hirings; substantially higher numbers compared to last year both in gross as well as on net basis," Rajesh Dahiya, Executive Director, Axis Bank, was quoted as saying in a statement.
Key Challenges For Finance Minister Ahead Of Union Budget
Business | Edited by Abhishek (With inputs from agencies) | Saturday February 1, 2020
Finance Minister Nirmala Sitharaman will present the first full year Budget on February 1, 2020 after Prime Minister Narendra Modi's National Democratic Alliance government returned to power in May last year. The Budget will be preceded by the presentation of Economic Survey by Chief Economic Advisor Krishnamurthy Subramanian. The Economic Survey a...
Budget 2019 Ensures Vigilance, Short-Term Liquidity For Shadow Banks: India Ratings
Business | Indo-Asian News Service | Wednesday July 17, 2019
According to India Ratings, the proposed framework will help in tackling the contagion risk by the regulator especially for extreme cases.
Budget 2019: Government Plans Rs 70,000 Crore Bank Recapitalisation
Business | Thomson Reuters | Friday July 5, 2019
The state-owned banks, which control a majority of banking assets in India, have been weighed down by nearly $150 billion in stressed assets
Nirmala Sitharaman's Budget Lifeline For Struggling Shadow Banks
Business | Suvashree Ghosh, Bloomberg | Friday July 5, 2019
The shadow banking crisis erupted a year ago when Infrastructure Leasing & Financial Services Ltd. defaulted on a series of debt obligations
Government Gives Central Bank More Power to Regulate Shadow Lenders
Business | Suvashree Ghosh, Bloomberg | Friday July 5, 2019
The crisis in NBFC sector emerged a year ago when Infrastructure Leasing & Financial Services defaulted on a series of debt obligations
KYC Norms For FPIs To Be Eased; Listing Norms For Social Enterprises: Nirmala Sitharaman
Business | Press Trust of India | Friday July 5, 2019
Finance Minister Nirmala Sitharaman, on Friday, said KYC norms would be eased for foreign portfolio investors.
Refrain From Nudging State-Run Lenders To Pump-Prime Economy: Urjit Patel
Business | Indo-Asian News Service | Thursday July 4, 2019
Urjit Patel's presentation pointed out that in Indian banks, capital is low relative to NPAs when compared to global standards
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