Page 12 - Harsh Kumar

Govt appoints Sivasubramanian Ramann as the next PFRDA chirperson

Ramann, who is currently serving as the deputy comptroller and auditor general (CAG) and chief technology officer at the CAG of India, has been appointed for a tenure of five years

Shishu account share drops sharply as Kishor loans surge: SBI PMMY Report

The average ticket size of the loans has nearly tripled - Rs 1.02 lakh in FY25, Rs 72,000 in FY23, from Rs 38,000 in FY16

FinMin to hold review meeting with banks on Thursday on govt schemes

The meeting will be chaired by the Department of Financial Services secretary M Nagaraju

ED attaches properties worth Rs 110 crore in Lakhani Group bank fraud case

ED investigation revealed that M/s Lakhani India Limited and group companies had jointly defrauded Indian Overseas Bank, Punjab National Bank and Allahabad Bank by misappropriation

New financial year set to bring key tax, pension, and MSME reforms

The new income tax slabs under the new tax regime have been modified to increase the basic exemption limit from ₹3 lakh to ₹4 lakh

ED arrests Vijay R Gupta of Vindhyavasini Group in loan fraud case

The investigation revealed that Gupta formed over 40 shell companies to divert and siphon off the loan proceeds, hiding his tracks and avoiding personal contribution to the financing

Ecommerce boosts MSME financing, eases loan access: Icrier survey

In contrast, the report said that access to markets and finance are the most significant challenges confronting non-integrated MSMEs in India

No major lapses found in gold loan portfolios of PSBs after audit: FM

Sitharaman was replying to the discussion on the Banking Laws (Amendment) Bill, 2024. Later, the Rajya Sabha passed the Bill by voice vote

Former ED chief Sanjay Kumar Mishra appointed full-time EAC-PM member

Sanjay Kumar Mishra, a retired officer of the 1984 batch of the Indian Revenue Service, is an economic expert who has overseen numerous high-profile cases

Govt withdraws gold monetisation scheme, short-term deposits to continue

This decision comes after a comprehensive review of the scheme's performance and evolving market conditions

Govt dividends from CPSEs set to log record Rs 70,000 crore in FY25

Coal India paid the highest at Rs 10,252 cr, followed by ONGC

Online scams drain Rs 4,245 crore in just 10 months, shows govt data

67% increase witnessed from the Rs 2,537 crore recorded last year

Payments banks seek higher deposit limit, urge FinMin to raise to Rs 5 lakh

The previous increase was in April 2021, when the maximum end-of-day balance was raised from ₹1 lakh to ₹2 lakh

Parliamentary panel raises concern over dip in CASA ratio for banks

The standing committee also emphasised that by fostering a secure banking ecosystem and prioritising technological advancements

Centre's disinvestment receipts in FY25 set to hit an 11-year low

The union government stopped setting specific disinvestment targets beginning in the 2023-24 financial year

42% of director positions vacant on boards of 12 public sector banks

The Ministry of Finance, in a reply in Lok Sabha, said that the PSBs intimate the vacancies on the board of the bank and difficulties faced by them, if any, from time to time

MSME industry bodies urge RBI to tweak norms for ecommerce exports

A digital verification system linked to bank accounts could further streamline the process

Climate risks: RBI moots common pool of projects to enhance financing

Stressing the need for regulated entities to consider creating a common pool of bankable projects for climate related finance, RBI Governor said

ED files plaint against 24 in Rs 2,467 crore credit society fraud case

During the PMLA investigation, ED found that Suresh Kute and others lured more than four lakh investors to deposit money with DMCSL by promising higher returns

India's housing finance struggles with regional disparities, warns NHB

As of 30 September, 2024, individual housing loans outstanding stood at Rs 33.53 lakh crore, reflecting a 14 per cent growth compared to the previous year