Banking 2019

Finance Minister Piyush Goyal to meet CEOs of public sector banks today, discuss ways to improve financial health

Piyush Goyal, who was given additional charge of the finance ministry last Wednesday as Arun Jaitley is away to the US for a treatment, is his expected to discuss a host of issues including credit offtake and bad loan position of lenders.

Govt seeks Parliament's nod for additional gross expenditure of Rs 85,949 cr, includes about half for PSBs recapitalisation

The government on Thursday sought Parliament's approval for additional gross expenditure of Rs 85,948.86 crore, about half of which is for capital infusion in public sector banks through recapitalisation bonds, during the current fiscal ending March 2019.

NPAs of PSU banks decline by over 23,000 cr in H1 FY19; lenders make record in recovery of Rs 60,726 crore: Official

Gross non-performing assets (NPAs) of PSBs have started declining after peaking in March 2018, registering a decline of Rs 23,860 crore

Asset quality of banks shows improvement; GNPAs decline to 10.8%, net NPAs 5.3% in September: RBI

GNPAs of state-run lenders improved to 14.8 percent in September 2018 from 15.2 percent in March 2018, the report said.

Mudra loans: NPAs may have doubled in a year, but it is not a reason to worry yet

It would help if both the Mudra agency and the Ministry of Finance put out regular and detailed data regarding Mudra bad loans.

Budget 2019: FICCI suggests 25% cut in corporate tax across board to spur economic growth

FICCI has also suggested revision in the tax slabs for the individual taxpayers with the top 30 percent rate to be applied beyond Rs 20 lakh annual income.