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Fiscal deficit is a death sentence for Banks in India

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The Central Government Budgets are running with huge Fiscal Deficit, due to mismatch of Expenditure and Receipts. Same is the case with...

FM announces Aatma Nirbhar Bharat 3.0 Stimulus worth ₹ 2.65 Lakh Crore

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Union Finance Minister Nirmala Sitharaman has announced 12 key measures, as part of Government of India’s stimulus to the economy, under Aatma...

PNB gains credit growth rate by 4-6 per cent in post-Covid scenario

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Punjab National Bank, (PNB) has announced that both home and auto loans have gained momentum and are heading to the pre-Covid19 levels.

RBI Governor Shaktikanta Das tests positive for Coronovirus

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The Reserve Bank of India (RBI) Governor Shaktikanta Das has been tested positive for Coronavirus. He tweeted to this...

Harish Rao insists on GST compensation for every two months

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Telangana Finance Minister Harish Rao has sought the GST payments for every two months under Section 7(2) of the General Services Goods...

Future of Banking System: Tough days ahead for Govt banks in India!

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As we all know that due to changes in the Banking sector, not just the merger of the weaker banks into a...

RBI guidelines to overcome the online banking frauds

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The banking frauds has become a common phenomenon especially after the advent of Information Technology in 2000 especially after the introduction of...

Centre to compensate GST loss up to 20,000 cr besides 25,000 GST backlog

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The 42nd GST Council met under the Chairmanship of Union Finance & Corporate Affairs Minister Smt Nirmala Sitharaman through video conferencing here...

BharatPe turns top lender during Covid pandemic

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The country's leading merchant payment network BharatPe today announced that it has recorded a disbursal of over Rs 80 crores in the...

Harish insists for a refund of GST dues, GoM writes a letter to centre

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Telangana State Finance Minister Tanneer Harish Rao urged the Group of Ministers to recommend GST Council to refund the states its pending...

SBI cardholders can make payments through Google Pay now

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SBI Card today announced its collaboration with Google to enable cardholders to use their SBI Credit Cards on the Google Pay platform....

NGOs receive 20,011 Crore foreign contribution last year

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A total of Rs 20,011.21 crore foreign contribution have been received by the Non-Government Organisations (NGO)s in the country during 2018-19.

FM unveils Doorstep Banking Services

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Union Minister of Finance & Corporate Affairs Smt. Nirmala Sitharaman today inaugurated Doorstep Banking Services by Public Service Banks (PSB) and participated in the awards...

KCR fires at Centre on GST, asks to borrow on behalf of States

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Chief Minister Chandrasekhar Rao has demanded the centre to reverse its decision of asking states to meet the shortfall in the compensation...

PNB gets 25 crores from the auction of Nirav Modi’s assets

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In what can be said as a blessing in disguise for Punjab National Bank Ltd. (PNB) that has today informed the Ministry of...

Structural reforms are a key priority of my Govt: Nirmala Sitharaman

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Union Minister of Finance and Corporate Affairs Nirmala Sitharaman stressed that structural reforms are a key priority of the government as has...

New foreign exchange rates announced for Indian Rupee

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The Central Board of Indirect Taxes and Customs (CBIT&C) hereby announced the rate of exchange for the Indian rupee with currencies of...

Banks yet to clear 20,000 Crore Covid loans sanctioned to MSMEs

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The loans sanctioned under the 100% Emergency Credit Line Guarantee Scheme (ECLGS) as part of the Central government's Atma Nirbhar Bharat, the...

Will Modi govt downsize its stake in SBI?

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As we all know that the Finance Ministry led by Nirmala Seetharaman is resorting to disinvestments in the public sector banks as...

Why LIC was preferred for disinvestment now?

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Finance Minister Nirmala Seetharaman to everyone's utter surprise has declared that the Disinvestment target for the FY 2020-21 was Rs.2.10 lakh Crore...

RBI working on the restructuring of MSME loans: Nirmala Sitharaman

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The Union Finance Minister Nirmala Sitharaman today said that the government is working with RBI on the Industry’s need for the restructuring of...

Modi to interact with stakeholders of Banks and NBFCs today

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Prime Minister Narendra Modi will join stakeholders from Banks and NBFCs to discuss and deliberate on vision and roadmap for the future...

Will Govt Banks post profits as Private banks did amidst pandemic?

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There is a saying in financial markets now that any company posting profit of even Rs.1 crore is a great company. How...

Post offices to offer small savings schemes at branch level

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In order to strengthen its network and postal operations in rural areas and provide the facility of small savings scheme to the...

Why MSME borrowers are shifting to Private banks?

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We all welcomed the first package of Atma Nirbhar package to help the MSME sector by our Finance Minister Mrs Nirmala Seetharaman....

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