According to Reserve Bank of India (RBI) data, system credit growth edged up to 10.3% year-on-year as of September 5, compared with 10% as of August 22, while deposit growth moderated to 9.8% from 10.2% over the same period. The…
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The National Stock Exchange has reduced the market lot sizes for derivative contracts across four key indices, including Nifty and Nifty Bank, effective from year-end. This move aims to make trading cheaper for participants by lowering contract values and margin…
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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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