Page 432 - Finance News

Govt expects 27% lower dividend at Rs 74,000 cr from RBI and banks in FY'23

The government is expecting a 27 per cent lower dividend at Rs 73,948 crore from the Reserve Bank of India (RBI) and public sector banks and financial institutions in 2022-23.

What are the new and old income tax regimes?

n the Union Budget 2020, Finance Minister Nirmala Sitharaman had introduced a new tax regime. Our next report presents the difference in tax rates between the new regime and the old regime

Economic Survey: UPI is single largest retail payment system in the country

UPI ended calendar 2021 with record high transactions by both volume and value. According to NPCI data, it recorded 4.56 billion transactions worth Rs 8.27 trillion in December

Economic Survey: Banks took Covid shock well but some impact is yet to come

According to the survey, the banking system is well capitalised and the overhang of NPAs seem to have structurally declined even allowing for some lagged impact of the pandemic

Economic Survey 2021-22: Only 51% deposits insured despite hike in cover

However, the figure is higher than the international benchmark of 20-30%

Karur Vysya Bank Q3 net up four-fold to Rs 185 crore on flattish revenue

Net interest income up 18% to Rs 687 cr; gross NPAs down to 6.97% from 7.37% in the year-ago quarter

What is Expenditure Budget?

When FM Nirmala Sitharaman presents the Budget tomorrow, the focus will be on a document that shows total expenditure of the govt. It is classified as Expenditure Budget. This report tells about it

Shadow banks brace for headwinds as tighter dud-loan norms start to bite

Most MSMEs have seen a delayed payment cycle, and spend much time and resources on the collection of dues owing to the pandemic

IndusInd Bank admits to procedural lapses in MFI lending

The bank's chief executive and managing director Sumant Kathpalia stressed that it will not lead to any financial hit

IndusInd Bank's Q3 net profit rises 50% on higher NII and lower provisions

Asset quality of the lender improved on a sequential basis

SBI keeps revised recruitment rules for pregnant women in abeyance

SBI had put in place new rules wherein a woman candidate with more than three months pregnancy will be considered 'temporarily unfit' and can join the bank within four months after delivery

Budget 2022-23: Clarity on PSB privatisation is expected, say brokerages

Some clarity on the privatisation of two public sector banks, announced in last year's Budget, is expected

Assets under management for ESG funds up 2.5 times in FY21: Nasscom

Assets under management for environmental, social and governance (ESG) funds increased 2.5 times to $650 million in India in financial year 2021, a top official of IT industry body Nasscom said

Aiming to recover Rs 5,000 cr, bring net NPAs under 4.5% by March: PNB MD

The lender is also looking to further monetise its 15% stake in UTI AMC as part of its non-core asset sale plan to shore up its capital base.

Budget 2022-23: Industry seeks tax parity between NBFCs and banks

RBI brought regulatory framework for NBFCs close to what is applicable for banks

Kotak Mahindra Bank's consolidated net profit up 31% YoY in Q3

Standalone net profit up 15% YoY aided by higher NII and write back of provisions

Bank credit grows 8.01% to Rs 115 trn; deposits 9.28% to Rs 159 trn

Bank credit grew 8.01 per cent to Rs 115 lakh crore and deposits rose 9.28 per cent to Rs 159.83 lakh crore in the fortnight ended January 14, according to RBI data.

Banks' loans rose 8% YoY in two weeks to January 14: RBI data

Banks' loans rose 8% in the two weeks to Jan. 14 from a year earlier, while deposits rose 9.3%, the Reserve Bank of India's weekly statistical supplement showed on Friday.

Punjab National Bank looking to further dilute its stake in UTI Mutual Fund

State-owned Punjab National Bank (PNB) on Friday said it is looking to further monetise its stake in UTI Mutual Fund as part of its non-core asset sale plan to shore up its capital base.

Got all approvals to set up bad bank: SBI chairman

By current assessment, lenders have a total of 38 accounts involving aggregate loans of Rs 83,845 cr, which have been identified for transfer, says Dinesh Kumar Khara