Banking and Finance News

HDFC Bank Q1 profit up 21% on account of steady growth in net interest income, others

The bank’s total income for the quarter at Rs 32,361.8 crore grew by 22.7 per cent from Rs 26,367.0 crore a year ago.

HDFC Bank first quarter net profit up 18.04 percent

The bank had reported a net profit of Rs 4,808.35 crore in the same quarter of the previous financial year, according to a regulatory filing.

Filing your income tax returns at the last minute? Keep these 6 things in mind

If you’re planning to take your ITR filing ‘down to the wire’, here are a few helpful tips to ensure it’s a smooth process.

Income tax returns: Pre-filled forms available online

An update on the official website read, "Currently, pre-filled XML is available for ITR 1, 2, 3 and 4 for FY 2018-19. For other ITRs, it will be available shortly."

RBI Governor, state-run bank CEOs discuss slow rate transmission

The recent initiatives to address issues relating to non-banking financial companies (NBFCs) and the role banks can play in mitigating lingering concerns also came up for discussion on Friday.

ADB cuts India’s GDP growth forecast to 7% for FY20

"India is expected to grow by 7 per cent in 2019 (FY20) and 7.2 per cent in 2020 (FY21), slightly slower than projected in April because the fiscal 2018 outturn fell short," ADB said.

Irregularities: Whistleblower claims being probed, says Yes Bank

The enquiry resulted in a report that was reviewed by the board. Based on further inputs, the bank’s audit committee engaged an external firm to independently examine the matter.

Punjab & Sind Bank alleges Rs 238-crore fraud by BPSL

As many as 33 lenders have exposure to BPSL, which is undergoing the corporate insolvency resolution process.

Jaypee insolvency: NCLAT asks IDBI Bank for fresh terms to invite bids

In the second round of bidding, the committee of creditors had first rejected the resolution plan of Suraksha Realty and then voted against state-owned NBCC’s offer.

IBC amendments get Cabinet nod; 330-day deadline for resolution among key changes

The amendments to IBC are aimed at filling critical gap in the corporate insolvency resolution framework while at the same maximising value from the resolution process, the government said.

Transfer of capital from RBI to Govt: ‘Panel suggests phased transfer of surplus capital over 3-5 years’

The panel was set up following discussions between the finance ministry and the RBI last year over the manner in which the central bank’s surplus can be shared with the government.

Jalan panel finalises report on RBI capital; recommends surplus transfer to govt in 3-5 years

The surplus capital transfer would help the government meet its fiscal deficit target as it will come as a windfall to the exchequer.