Public Sector Banks plan app for e-auctioning 500k properties
State-run banks will set up an e-auction app to dispose of about 500,000 properties over the next five years. "Our...
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BFSI
RBI to recast rules on classification of fraudulent accounts
The Reserve Bank of India (RBI) is likely to come up with a new set of rules governing the declaration...
Read moreRBI meets foreign banks over ESMA tussle
The Reserve Bank of India (RBI) has asked select foreign banks to approach their respective regulators and draft letters requesting...
Read moreRBI allows AU Small Finance Bank, Equitas Bank to deal with foreign exchange
AU Small Finance Bank on Wednesday said it has received permission from Reserve Bank of India to deal in foreign...
Read moreNPA of self-help groups down to 1.8 per cent: Rural Development Minister
Non-performing assets (NPAs) of self-help groups (SHGs) have gone down to 1.8 per cent, Union Rural Development Minister Giriraj Singh...
Read moreIncome Tax investigation against insurers widens to banks
The income tax (I-T) department last week sent notices to two large private banks in its ongoing probe into alleged...
Read morePSU banks list assets for sale to NARCL after finance ministry nudge
The government-promoted asset reconstruction company will evaluate accounts of about 300 distressed companies with cumulative loans of Rs 3lakh crore...
Read moreHDFC Bank set to meet liquidity norms post merger: Sources
HDFC Bank Ltd, India’s biggest private lender, is comfortably placed to meet reserve ratio requirements post its merger with parent...
Read moreStrong season, rush to bag tax sops to lift life insurers in Q4
Favourable seasonality and tax-rule changes pertaining to high-ticket, non-unit-linked savings products from April 1 would have ensured robust sales for...
Read moreInsurers seek sops to cover specially abled
General insurance companies will seek tax exemptions or direct subsidy to provide full coverage to specially abled people through new...
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