ECL is a forward-looking accounting standard that requires banks to make provisions on expected losses based on past asset quality, instead of incurred loss-based provisioning. The already created buffer would come into play from the first quarter of FY28. “Banks…
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During the review, it came to light that Bareilly, Saharanpur, Meerut, Gorakhpur, and Jhansi achieved 64.2%, 63.7%, 63%, 62.5%, and 62.1% respectively, a comparatively better position compared to other zones. Yogi sought all zonal officers to clarify the reasons for…
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The government’s Next Gen GST reforms are beginning to show a strong impact on the economy as the ongoing festive season has witnessed record-breaking sales, especially in the automobile sector, experts said on Sunday.
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Within 10 days of changes in the tax structure, several large corporates reportedly increased the prices of their products, Manoj said, adding that there is a need to curb this at production level itself.
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Mehta will succeed Murthy GVAS, who will step down from the role on October 5, 2025. The appointment was approved by Vodafone Idea’s Board of Directors during its October 3 meeting, following recommendations from the Audit Committee and Nomination and…
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Eyewear retailer Lenskart has received Sebi approval for its IPO, targeting a mid-November listing. The company aims to raise Rs 2,150 crore in fresh capital, with the total IPO size expected to be Rs 7,500-8,000 crore. Lenskart turned profitable in…
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