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The author is a Trainee Correspondent with BW Businessworld
RBI in its recent draft circular on prudential norms has said provisioning of infrastructure and non-infrastructure loans to 5 per cent
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Generally, whenever we make expectations related to deposits and advances, we do it conservatively, but the results always outperform our expectations, says K Satyanarayana Raju, MD & CEO, Canara Bank.
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The regulator also suggests that payment aggregators undertake enhanced customer due diligence to ensure that only the right set of merchants avail of digital payment services.
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Excluding crop and mass health, the GDPI growth of the company was 17.1 per cent, which was higher than the industry growth of 14.8 per cent in FY24
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The most recent amendment includes a Principal Purpose Test (PPT) that helps in deciding whether a foreign investor is eligible for treaty benefits or if their primary motive for routing investments via Mauritius is to get tax benefits.
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The sharp drop in India’s import bill during March was led by gold imports, which fell a sharp 53.6 per cent in March to USD 1.53 billion, and aided by a drop in non-oil, non-gold imports. However, silver imports jumped nearly 1059 per cent to USD 816.6 million.
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The National Statistical Office, under the Ministry of Statistics and Programme Implementation (Mospi), has released the All India Consumer Price Index (CPI) and corresponding Consumer Food Price Index (CFPI) for Rural (R), Urban (U) and Combined (C) for March 2024.
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This was a reversal of the trend seen in previous years. Despite this shift, the overall growth volumes remained stable and increased by 3 per cent year-on-year (YoY), totalling above Rs 1.8 lakh crore.
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The Draft Bill proposes various changes such as opening up the Insurance and Regulatory Development Authority of India (Irdai) registration to various classes, subclasses and types of Insurers with minimum capital requirements.
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Navratan Aggarwal, Managing Director, Bikanerwala says that there is a need to recognise and appreciate the efforts of everyone
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