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Income tax department expects taxpayers to file correct returns whther they file it in cash or online. (Photo: PTI).

Business

GDP in FY19 to gain from PSU bank recapitalisation: report

As per Ambit estimates, industry is likely to see a 7 per cent growth in 2018-19 from 5 per cent in the current fiscal.

29 Oct 2017 5:27 PM IST

Bank customers across the nation have complained that several banks are refusing to accept more than the said amount despite providing detailed explanations. (Photo: PTI/File)

Business

PSBs slide up to 8 per cent after investors take profit

Bank stocks were on fire surging up to 46 pc following the govt's announcement of Rs 2.11 lakh crore recapitalisation...

28 Oct 2017 12:18 PM IST

Union Finance Minister Arun Jaitley addressing media after the 22nd meeting of the Goods and Services Tax (GST) Council, in New Delhi. (Photo: PTI)

Business

Centre mulls steps to infuse funds to banks

Considering zero coupon bonds as part of its promise to pump in fund.

28 Oct 2017 2:37 AM IST

Finance Minister Arun Jaitley said that the government gave opportunity to people to come clean about their accounts held abroad. (Photo: Twitter/ANI)

Business

Govt infusing capital in banks only short term solution: AIBEA

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

27 Oct 2017 7:13 PM IST

$The capital infusion of public sector banks is a \big bang reform\ that will support credit growth and job creation, says SBI research report. (Photo: PTI)$ Business

Govt's Rs 2.11 lakh crore-recap plan to tackle NPAs: SBI

On Tuesday, Finance Minister Arun Jaitley unveiled the road map for strengthening of bad loans-hit public sector banks.

26 Oct 2017 7:39 PM IST

Higher opening in domestic stock market limited rupee losses. (Photo: PTI).

Business

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 IST

Chief Economic Advisor Arvind Subramanian

Business

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 IST

State Bank of India, SBI, had earlier reduced minimum balance requirement. (Photo: PTI)

Business

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 IST

Business

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 IST

The two unlisted associate banks which will be merged with SBI are State Bank of Patiala (SBP) and State Bank of Hyderabad (SBH).

Business

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 IST

$The capital infusion of public sector banks is a \big bang reform\ that will support credit growth and job creation, says SBI research report. (Photo: PTI)$ Business

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 IST

Responding to a question, Jaitley said a proposal to extend the decision to public sector undertakings was under active consideration of the government. (Photo: PTI)

Business

Jaitley's 'major announcement' today could mean well for ailing PSU...

Earlier the Cabinet had decided to set up an Alternative Mechanism to oversee proposals for expeditious consolidation of

24 Oct 2017 3:41 PM IST