Page 18 - Harsh Kumar

GST on health insurance needs to be reduced: IFFCO Tokio's Subrata Mondal

Mondal discussed the future plan of the companies along with the emerging challenges for the sector

Finance ministry directs major PSBs to fast-track re-KYC verification

Out of 53.9 crore Pradhan Mantri Jan-Dhan Yojana accounts, 11.2 crore are inoperative and 10.5 crore accounts are pending for re-KYC

Middle income, affordable housing book is growing fast: TFCI MD & CFO

Bali discussed the huge opportunities in hotel financing in the tier 2 and tier 3 cities

Finance Ministry sets minimum annual dividend payout norms for NBFC CPSEs

The guidelines mandate minimum annual dividend payout at 30% of PAT or 4% of net worth, whichever is higher

Taxpayers must disclose foreign income by Dec 31, says CBDT chairman

When asked about the progress in the income tax law review, the CBDT chief said that public consultation is ongoing and more than 6,000 suggestions have been received by the department

PSBs set to launch MSME credit model this month, reveals document

Initially, nine PSBs such as Bank of Baroda, Canara Bank, Bank of Maharashtra and others will allow loans only up to Rs 25 lakh. Bank of India will offer loans up to Rs 1 crore

Moody's says Indian economy in 'sweet spot,' predicts 2024 growth of 7.2%

India's real GDP expanded 6.7 per cent year-on-year in the June quarter of 2024, driven by a revival in household consumption, robust investment, and strong manufacturing activity

PSBs register strong business growth of 11% in H1 FY25, says FinMin

Net profit also grows by impressive 26% in the first half of FY25

FinMin seeks comments from sponsor banks on proposed RRB amalgamation

The proposed document said the RRB with the largest business (total deposits and advances) among the amalgamating RRBs in a state would be the transferee RRB in that state

Pillar Two tax regime unlikely soon as India proceeds with caution

It is proceeding cautiously and is unlikely to implement the rules anytime soon

PNB Q2 FY25 results: Net profit increases 145% to Rs 4,303 crore

The bank's net interest income (NII) increased to Rs 10,517 crore in Q2 FY25 from Rs 9,923 crore in Q2 FY24, showing an improvement of 5.99 per cent on a year-on-year (Y-o-Y) basis

We may lend to a telco if it gets AAA rating: PNB MD & CEO Atul Kumar Goel

Goel discussed the public sector lender's latest quarterly results and its expansion plans

FSIB recommends Ashok Chandra as next PNB managing director and CEO

Chandra began his banking career with Erstwhile Corporation Bank in September 1991 as a probationary officer. He holds a master's degree in economics

NMDC-KIOCL merger on cards, awaits clearances from ministries, regulators

NMDC continues to meet the country's iron ore demands, achieving a turnover of Rs 21,294 crore in financial year 2023-24

FinMin may complete privatisation process of IDBI Bank by March 2025

In the FY17 Union Budget, the government proposed reducing its stake in IDBI Bank to below 50 per cent

NTPC Green to SGEL: Govt puts listing of CPSEs' green units in fast lane

NTPC Green Energy, SGEL, NLC India Green Energy may see IPOs by FY25-end

Centre doubles Mudra loan ceiling to Rs 20 lakh under new category

Finance Minister Nirmala Sitharaman had made an announcement regarding this in her July 2024 Budget speech

Expect some clarity on MTNL resolution this quarter: UCO Bank MD & CEO

A year ago, our CD ratio was 67.25 per cent, and it has now reached 71.77 per cent. This improvement is largely a result of the aforementioned credit growth

On the table: FinMin to review public sector banks co-lending, MSME credit

DFS secy M Nagaraju to chair meeting on November 5

CPSE dividend likely to cross record FY24 tally; Rs 29K cr in kitty so far

Govt may garner Rs 65,000 crore in FY25