Led by healthy growth in net interest income (NII), State Bank of India (SBI) posted a big 122.7 per cent growth in net profit at Rs 2,815 crore for the quarter ended March 31. In the same (fourth or Q4) quarter of 2015-16, it was Rs
Grandfathering is term for alteration of rules that apply to a certain investment technique
The government has kept a large number of items under 18% tax slab. 1,211 items have been categorised under various tax slabs. Here is a low-down.
RBI came out with final guidelines on branch authorisation, with a refined definition on what constitutes a bank branch and liberalised policies on presence in tier-I centres
India has finalised the tax rates on all but six out of the 1,211 items in the proposed GST (Goods and Services Tax) regime, fitting over 80% of the items in the up to 18% tax slabs, effectively making food grains cheaper, while exempting essential items such as cereals and milk from the levy altogether.
The revised PCA, released last week by the Reserve Bank invests a lot of powers on the regulator to supersede the troubled banks.