The gross bad debt of the Indian banking system as of March was at Rs 7.11 lakh crore
P S Jayakumar, managing director and chief executive officer, Bank of Baroda, speaks to Abhijit Lele & Hamsini Karthik about loan recoveries, sounding more confident than a year before.
The broad contours of their assignment are expected to be making independent assessment of recovery prospects, and estimating haircuts for restructuring cases.
Axis Bank Managing Director & Chief Executive Officer Shikha Sharma on the new mechanism for non-performing loans, the bank's loan portfolio, industry outlook and the bank's future plans.
Most of these alleged tax evaders hail from Kolkata, Mumbai, Ahmedabad, Surat, and Delhi.
PMO asked income-tax department to submit report on action taken against identified benami owners
Official is accused of taking a bribe of Rs 2 cr to issue order in an appeal favouring Balaji Trust
Tax wing scanning cash deposits between Rs 5-10 lakh
Government's move to hire UK arbitrator follows poor track record of India in extraditing offenders from Britain
Discussion paper fixes Rs 1,000 cr as minimum capital for these specialised banks
The value of transactions through debit and credit cards used at the PoS fell to Rs 64,200 cr in February
Arundhati Bhattacharya talks about SBI's strategies, its aim to be among the top 30 banks globally, and stressed assets resolution.
'Genuine' share transfer gets relief; CBDT lists three scenarios where tax would be levied
Lack of closure to the algo controversy could weigh on sentiment, say experts
Rs 6,000-cr disclosure just four days before scheme ends
More punitive action was needed against the company and the management, say experts
Besides higher tax outgo, P-note issuers are worried about operational difficulties
Demands include 5-day banking, PF to be calculated on total salary and allowances, not only on basic
The assets in control of MFs soared to a record high of Rs 17.9 lakh crore last month
I-T heat on thousands of firms for unusual cash deposits.
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