Page 22 - Harsh Kumar

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

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

GST rate rationalisation recommendations may yield Rs 22,000 cr surplus

At present, the average GST rate is around 12.2 per cent, which is below the revenue-neutral rate of 15.3 per cent, spurring the need for discussions on rate rationalisation

Indian banks in Canada fear biz loss amid ongoing diplomatic tensions

According to government data, about 427,000 students are studying in Canada. Banks feel they could face potential impact if this key segment of their customer base shrinks

Direct tax-GDP ratio hits 24-year high of 6.64% in FY24, shows data

Direct tax mopup rises 18%, outpacing economic growth; buoyancy at 2.12

States convey support for compensation cess merger with 28% GST slab

State FMs, in first meeting of GoM, suggest no new item in lists of luxury, sin, and demerit goods until transition

Govt to decide on RINL funding next month after viability report

The Centre is awaiting a technical viability report, due November, from a UK-based consulting firm

CBDT comes out with FAQs on Direct Tax Vivad se Viswas scheme 2024

The Direct Tax Vivad Se Vishwas (DTVSV) Scheme, 2024, was announced in the Union Budget 2024-25 by the Union Finance Minister to resolve pending income tax disputes

GST compensation cess to be discussed at GoM meeting on Wednesday

During the 54th GST Council meeting on September 9, Finance Minister Nirmala Sitharaman indicated that the government plans to fully repay the loan, including interest, by January 2026

ITC rule: Bombay High Court seeks response from state's revenue dept

During the initial stage of developing the pharmaceutical product, the petitioner (Enzene Biosciences) had incurred a lot of expenditure

Putting a leash: Govt likely to disband unit tracking pre-GST evasion

DGGI expects to complete investigation in all such cases by March

Steady growth: Net direct tax collection up 18.3% to Rs 11.3 trillion

Of the tax mop-up, personal income-tax (PIT) outpaced corporation tax. PIT stood at Rs 5.98 trillion (net) compared to Rs 4.88 trillion in the same period a year ago

SBI-led panel against 18% GST on co-lending; submits report to FinMin

Says co-lending should be restricted to priority sector lending and not extended to other areas