Finance news

Gross NPA as a percentage of total loans had fallen 239 basis points (bps) to 25% from 27.39% during the previous quarter.

What is Finance Commission?  The Financial ExpressFinance Commission is a constitutional body, that determines the method and formula for distributing the tax proceeds between the Centre and states...

Barnaby Joyce expanded farm finance scheme against advice of Treasury  The GuardianThe former agriculture minister Barnaby Joyce expanded a taxpayer-funded scheme that gives lucrative concessions to farmers against the advice of Treasury, ...

Finance ministry special task force to tighten noose on tax fraud  India TodayThe finance ministry reworked the terms of reference of the special task force entrusted with reworking the Income Tax Act and simplifying the rules after an ...

The RBI has also decided to put in place an internal arrangement to periodically review the structured products offered by market makers.

This recovery will be part of the 14 accounts for which the Committee of Creditors (CoC) approved the resolution but NCLT has not passed orders.

However, the RBI continues to receive complaints about non-acceptance of coins by bank branches, causing considerable inconvenience to the public at large, the RBI said in a notification.

Vice President advises Finance Minister to take steps to protect the interests of the farming community  Business StandardThe Finance Minister, Nirmala Sitharaman interacted with the Vice President, M Venkaiah Naidu. During the interaction, the Vice President made some ...

The officials said a provisional order of attachment was issued by the central probe agency under the Prevention of Money Laundering Act (PMLA).

South African SME finance startup Lulalend raises $6.5M Series A  TechCrunchSouth African digital lender Lulalend has raised a $6.5 million Series A round co-led by IFC and Quona Capital. The Cape Town based startup uses an online ...

Behavioural Finance: What is in it for investors & wealth managers  Economic TimesBy Stephen Wendel In my last column, I wrote about what behavioural finance is, and how it's been applied by our industry over time. Here, we'll look the tools ...

ICRA downgrades rating on debenture programmes of Edel Finance Co  BusinessLineICRA has downgraded the rating on the long-term market-linked debenture (Rs 1,000 crore) and non-convertible debenture programme (Rs 750 crore) of Edel ...

ICICI Bank, Power Finance, and 12 other stocks hit 52-week highs on BSE 500  Business StandardShares of ICICI Bank, Indian Hotels, Nestle India, V-Guard Industries, Voltas, JK Cements, Titan Company, and Container Corporation of India were among the ...

Will revise farm loan waiver scheme by July: Finance minister  Times of IndiaThe Maharashtra government will expand the scope of the loan waiver scheme by July to cover more farmers and an additional budgetary provision for thi.

Finance Ministry starts Twitter series on economy  Economic TimesNEW DELHI: Here are some economy lessons for you. The finance ministry has started a Twitter series explaining terms related to the economy and the general ...

Enactment of the Fugitive Economic Offenders Act, 2018 as well as authorisation to PSBs to obtain certified copy of passport of promoters/directors of companies availing loans of more than Rs 50 crore are among other measures that have been adopted by the government.

The public deposits being taken by eligible HFCs are capped at three times of their NOF, according to the notification.