Banking 2017

In cashless push, Budget may cut free ATM withdrawal to just 3 a month

Bankers made this proposal in their pre-budget proposal with the finance ministry

Government needs to instill focus on growth to boost reforms in this budget

The government is widely expected to be a doer and enabler in this crucial budget and we have a chance to truly make it India’s chance to fly again in Budget 2017

Bank reforms: PM Modi shouldn't repeat the mistakes Manmohan made

At the end of its 5-year tenure, banking sector reforms will be watched closely to evaluate this government’s willingness and ability to undertake ‘bold’ reforms. The UPA, under Manmohan Singh, failed to initiate bold reforms in the banking sector. Narendra Modi shouldn’t repeat the mistake.

Public sector banks may get more than Rs 25,000 cr govt capital this week

The capital infusion for this fiscal is based on an assessment of the compounded annual growth rate of credit growth for the last five years

Demonetisation made Arun Jaitley's budget task a trial by fire

The consequences of demonetisation so far has been disastrous.

Is the govt preparing ground for introducing cash withdrawal tax in this budget?

The proposal could be made in the forthcoming Union Budget for fiscal year 2017-18, which is mainly aimed at getting hold of black money holders and lower cash transactions in the economy

Jaitley's advise to banks seeking more funds: think out of box

Pitching for incentives for digital transaction infrastructure, bankers suggested that there is need for exempting Banking Correspondents transactions from service tax

Steel min seeks lower import taxes on key raw materials

Also, the steel ministry has sought an allocation of about 400 million rupees in the budget for the 2017/18 fiscal year, more than double than in the previous fiscal year.