Banking
Finance Minister Nirmala Sitharaman invited Swedish firms to invest in infrastructure development projects. (Photo: File)
Government open to further reforms: FM Nirmala Sitharaman
03 Dec 2019 12:36 PM

Govt is committed for further reforms in sectors such as banking, mining, insurance among others said FM Sitharaman.

All India Bank Officers' Confederation joint general secretary Sanjay Das said reducing the government's stake in PSBs to below 50 per cent to take the bankers out of CVC ambit is no panacea. (Photo: Representational)
Diluting govt stake below 50 per cent in PSBs no solution: Unions
01 Nov 2019 2:21 PM

Nobel laureate Abhijit Banerjee said that there was a need to bring down government stake to below 50 per cent in PSBs.

Taxing new manufacturing facilities (that come up by 2023) at 15 per cent will enable attraction of global capital and spur a beleaguered investment cycle, the report said. (Photo: Representational)
Banking, FMCG to benefit from corp tax cut; pharma, IT to remain untouched: Report
22 Sep 2019 2:24 PM

The immediate benefit is increased cash flows to corporate India.

Public sector banks, which account for over 80 per cent of the NPAs in the system, alone could see gross NPAs climb down over 400 bps to approximately 10.6 per cent by March 2020, from a peak of 14.6 per cent in March 2018. (Photo: Representational)
By March 2020, banks’ gross NPAs to reduce to 8 per cent
27 Jun 2019 2:02 PM

The banking system saw gross NPAs reaching a peak of 11.5 per cent in March 2018. In March 2019 NPAs stood at 9.3 per cent.

RBI may try to contain further rise of rupee
15 Jul 2017 11:30 AM

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