SBI Q4 net zooms 123%, NPA provisioning improves

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

Source: SBI Q4 net zooms 123%, NPA provisioning improves

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FPI holdings from Singapore, Mauritius surge 25% before DTAA implementation

Grandfathering is term for alteration of rules that apply to a certain investment technique

Source: FPI holdings from Singapore, Mauritius surge 25% before DTAA implementation

A quick guide to India GST rates in 2017 – The Economic Times

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.

Source: A quick guide to India GST rates in 2017 – The Economic Times

RBI redefines what constitutes a bank branch

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

Source: RBI redefines what constitutes a bank branch

 

GST rates finalised: Food grains to get cheaper; sugar, tea, edible oils will be taxed at 5%

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.

Source: GST rates finalised: Food grains to get cheaper; sugar, tea, edible oils will be taxed at 5%

 

IOB, IDBI, BoI & UBI may be first in line of RBI fire under new PCA

The revised PCA, released last week by the Reserve Bank invests a lot of powers on the regulator to supersede the troubled banks.

Source: IOB, IDBI, BoI & UBI may be first in line of RBI fire under new PCA