Hela February 15, 2019

With surging deposit base and ever-rising profits, Bandhan Bank is now facing the problem of plenty for its capital deployment. At a time when most of the top-rung scheduled commercial banks are either waiting for the government to infuse capital or are burdened with dud loans, Bandhan is witnessing a surge in deposits which grew […]

Hela February 15, 2019

Tata Trusts Chairman Ratan Tata and Assam`s Finance Minister Himanta Biswa Sarma on Sunday launched the first 28 branches of the North East Small Finance Bank (NESFB), the region`s first small bank. “If India has to grow as a prosperous place, we need to create opportunities and entrepreneurship,” Tata said at the function here. The […]

Hela February 15, 2019

The recent devastation in Kerala has posed a new challenge to the microfinance sector, particularly the niche institutions that are concentrated in select geographies. Natural calamities in southern states like severe floods in Tamil Nadu in 2015 and now in Kerala have dealt a body blow to the sector which was hit the hardest during […]

Hela February 15, 2019

Non-banking finance company Manappuram Finance Ltd Wednesday has posted a 42.15 per cent rise in its profit after tax for the third quarter ending December 31, 2018 at Rs 244.11 crore. The company had recorded Rs 171.73 crore during the same period of last year. Income from operations for the October-December 2018 quarter grew by […]

Hela February 15, 2019

CBIC Chairman Pranab Kumar Das, who assumed charge last month, said with compliance going up and tax net widening, it won’t be difficult to meet the revenue targets. GST revenue shortfall drags down tax revenue estimates (Representational Image)  |  Photo Credit: Thinkstock New Delhi: Shortfall in GST revenue of an estimated Rs 1 lakh crore has forced […]

Hela February 15, 2019

Apple is one of several American technology giants in the line of fire in Europe over their tax strategies, which see them route their income through low-tax nations such as Ireland or Luxembourg. Apple agrees 500-million-euro tax settlement with France  |  Photo Credit: Indiatimes Apple said Tuesday it had reached an agreement with French authorities to […]

Hela February 15, 2019

The Modi government had implemented the anti-benami transactions law. Confiscated benami assets worth Rs 6,900 crore: Income Tax Department  |  Photo Credit: BCCL New Delhi: The Income Tax Department has confiscated assets worth Rs 6,900 crore till now as part of its action under the anti-benami transactions law, the agency said in a public advertisement on Tuesday. […]

Hela February 15, 2019

Budget 2019: The BJP government is all set to present the Interim Budget on Friday. This might be government’s last chance to woo the salaried and the middle-class and they might dole out these tax incentives. Representative Image  |  Photo Credit: Times Now New Delhi: President Ram Nath Kovind’s address to a joint sitting of Parliament marked […]