Bank Rate
4.65%
CRR
3.00%
SLR
18.25%
Repo Rate
4.40%
Reverse Repo Rate
4.00%
MSF Rate
4.65%
 

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March 2018

February 2018

January 2018

Budget 2018 Must Focus On Reducing Interest Rate On Home Loans
2018-01-31

It is difficult to consolidate the expectations but there are some major issues which need to be addressed in the Union Budget 2018 from the real estate perspective. While certain initiatives undertaken in the year 2017 have brought about a welcome change in the economy, there is still a dire need to highlight on a few initiatives that may be essential to support and benefit the Indian property sector, which is one of the largest employment generators and a chief contributor to the India GDP.

Please Refer - http://profit.ndtv.com/news/budget-opinion/article-budget-2018-must-focus-on-reducing-interest-rate-on-home-loans-1807005

Government Should Reduce Capital Gains Tax Window
2018-01-31

Another important point is stamp duty regularisation which varies across states from 3% to 6% along with GST in a state like Maharashtra makes the tax liability of an end user very high to the tune of 12% plus 5% i.e. 17% vis a vis pre GST tax liability of 10.5%.

Please Refer - http://profit.ndtv.com/news/budget-opinion/article-government-should-reduce-capital-gains-tax-window-1807015

ICICI Bank Q3 FY18 result: Net profit plunges 27% on-year to Rs 1,894 crore as bad loans worsen
2018-01-31

India's third-largest bank by assets ICICI Bank reported a plunge of 27.45% on a yearly basis in the consolidated net profit to Rs 1,894.15 crore for the quarter ended 31 December 2017 on Wednesday due to higher provisioning as the bad loans of the private sector lender increased.

Please Refer - http://www.financialexpress.com/industry/banking-finance/icici-bank-q3-fy18-result-net-profit-plunges-27-on-year-to-rs-1894-crore-as-bad-loans-worsen/1038177/

HDFC Q3 net soars 233% on profit from stake sale in insurance arm
2018-01-30

Mortgage lender Housing Development Finance Corporation (HDFC) on Monday reported a 233% year-on-year (y-o-y) jump in its standalone net profit for the December quarter at Rs 5,670.21 crore, driven largely by a one-time gain of Rs 3,675.31 crore from the sale of its stake in HDFC Standard Life Insurance Company.

Please Refer - http://www.financialexpress.com/industry/banking-finance/hdfc-q3-net-soars-233-on-profit-from-stake-sale-in-insurance-arm/1035514/

Government Must Cap GST Rates For Skill Training Services
2018-01-30

Concessions/exemptions and increased allocation for telecom, IT and power sector manufacturing are looked forward to in the coming Budget.

Please Refer - http://profit.ndtv.com/news/budget-opinion/article-budget-2018-government-must-cap-gst-rates-for-skill-training-services-1806104

Tax Revision May Enhance Real Estate Industry
2018-01-29

The budget should work towards fulfilling the long-standing demand for the mechanism of single window clearance.

Please Refer - http://profit.ndtv.com/news/budget-opinion/article-tax-revision-may-enhance-real-estate-industry-1805049

Bank recapitalization: Rs 1,00,000 crore boost for PSBs, here is Modi governmentís mega revamp plan
2018-01-25

The eleven weak banks are currently under the RBIís Prompt Corrective Action (PCA). This plan kicks in when banks breach regulatory norms on issues such as minimum capital, amount of non-performing assets and return on assets.

Please Refer - http://www.financialexpress.com/industry/banking-finance/bank-recapitalization-rs-100000-crore-boost-for-psbs-here-is-modi-governments-mega-revamp-plan/1029403/

Union Budget 2018: 58 per cent banks report rise in bad loans in July-December, says Ficci-IBA report
2018-01-24

Budget 2018: The percentage of banks reporting a rise in non performing assets (NPAs) in July-December last year has reduced significantly, indicating stability in credit environment, according to a report. According to the survey, 58 per cent of the respondent banks reported a rise in NPAs, significantly lower than 80 per cent in the previous round.

Please Refer - http://www.financialexpress.com/budget/union-budget-2018-58-banks-report-rise-in-bad-loans-in-july-december-says-ficci-iba-report/1028723/

Government ensures Rs 1 lakh cr to PSU banks by March; unveils reforms
2018-01-24

Announcing the banking sector reforms, Finance Minister Arun Jaitley said stringent norms for disbursal of high value loans have been framed, with strict surveillance on big loan defaulters and mandatory reporting of loans of over Rs 250 crore.

Please Refer - http://www.financialexpress.com/industry/banking-finance/government-ensures-rs-1-lakh-cr-to-psu-banks-by-march-unveils-reforms/1029023/

Bitcoin Rush: Banks Unsure Of Cryptocurrency Trading
2018-01-09

Despite its surging value and popularity in 2017, bitcoin trading is facing opposition from banks and payment services operators, according to Koinex, a trading platform for cryptocurrencies like Bitcoin, Ethereum, Ripple. In the past week, users of Koinex have faced difficulties with rupee withdrawals on the platform. This was due to a tussle between Koinex's payment service partner and their bank, which caused an indefinite delay in the settlement of a large portion of deposits to Koinex in the past 2 weeks. This created a bottleneck in the cash flow of user funds, thus hamstringing Indian Rupee (INR) withdrawals on the platform, the company said.

Please Refer - http://profit.ndtv.com/news/nation/article-bitcoin-rush-banks-unsure-of-cryptocurrency-trading-1797942

Government To Infuse Rs. 7,577 Crore In 6 Weak State-Run Banks
2018-01-03

The finance ministry has approved proposal for infusion of Rs. 7,577 crore in 6 weak public sector banks (PSBs) as part of the recapitalisation plan to bolster capital adequacy ratio.

Please Refer - http://profit.ndtv.com/news/economy/article-government-to-infuse-rs-7-577-crore-in-6-weak-state-run-banks-1795355

 


       

 





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