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  Business   Economy  25 Oct 2017

Business, Economy, 25 Oct 2017

Bank recapitalisation to improve credit, GDP growth: report

Govt's decision to infuse Rs 2.1 trillion of capital in PSBs could improve credit growth by up to 10 percentage point.

25 Oct 2017 6:19 PM

Finance Secretary hints at increased capital expenditure by PSUs

Lavasa emphasises on need to increase public investment, for which bold steps will be taken by govt to recapitalise banks.

25 Oct 2017 5:35 PM

CEA bats for mergers in banking sector, says India should have 5-7 large banks

Quoting former RBI Governor Y V Reddy, Subramanian said the aim must be to shrink or narrow the scope of the unviable banks.

25 Oct 2017 5:05 PM

Businesses can now cancel registration on GSTN

Migrated businesses with turnover up to Rs 20 lakh who have not issued invoice can cancel their registration on portal.

25 Oct 2017 4:28 PM

Interest burden of recap bonds to be about Rs 9,000 cr: CEA

The government's equity dilution will help banks raise about Rs 58,000 crore.

25 Oct 2017 4:19 PM

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PSU bank recap positive for GDP growth, rupee: Goldman Sachs

The government on Tuesday unveiled a Rs 2.11 lakh crore two-year road map to strengthen NPA-hit public sector banks.

25 Oct 2017 3:24 PM

Banks' recap safeguards India's economic future: Patel

RBI governor adds later a comprehensive policy would be put in place to address challenges faced by banking sector.

25 Oct 2017 2:47 PM

Bank recapitalisation critical for economic recovery: BofAML

Govt unveiled a Rs 2.11 lakh crore two-year road map for strengthening NPA-hit public sector banks.

25 Oct 2017 2:47 PM

India's bad loans and stressed assets estimated at Rs 10 lakh crore

Govt has pledged Rs 2.11 lakh crore recapitalisation plan for state-owned banks over next two years.

25 Oct 2017 1:50 PM

India's PSU bank recap plan lifts shares, raises questions

Investors welcomed the news, sending shares of SBI up as much as 25 per cent to its highest since January 2015.

25 Oct 2017 1:34 PM

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Govt retains GPF interest rate at 7.8 per cent for Oct-Dec

This would apply on Provident Funds of central government employees, railways and defence forces.

25 Oct 2017 1:01 PM

Demonetisation, GST to cool India's GDP growth to a four-year low

Note ban and GST have disrupted business activity and dampened consumer demand, says report.

25 Oct 2017 11:03 AM

Capital infusion of PSBs to support credit growth, job creation

According to SBI report Ecowrap, this recapitalisaiton plan will help government to gear-up lending to MUDRA scheme.

25 Oct 2017 10:59 AM

Building consensus among states over bringing petrol under GST: Pradhan

Currently, there is a wide disparity in the price of petroleum products due to different taxes in the states.  

25 Oct 2017 9:40 AM

Cabinet approves massive Rs 9 lakh crore boost for economy

PSU banks will get Rs 2.11 lakh crore capital to increase lending; Rs 6.92 lakh crore for 83,677-km new road, highway infrastructure.

25 Oct 2017 12:36 AM

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