Agency banks must be prompt with govt instructions: RBI

Agency banks must be prompt with govt instructions: RBI The Reserve Bank of India has asked agency banks, banking entities engaged in government business, to promptly execute instructions from central and state governments.They should not wait for RBI directives.“It has been brought to the government´s notice that some agency banks are not adhering to instructions/notifications […]

Continue Reading

Better rated firms moving to bond mkt, says RBI report

Better rated firms moving to bond mkt, says RBI report Better rated companies are moving to the bond market, even as bank loans continue to remain an efficient financing tool for lower rated firms, the Reserve Bank of India’s financial stability report said. Better rated companies can easily tap the bond market, and their borrowing […]

Continue Reading

Government introduces bill on GST compensation cess in Lok Sabha

Government introduces bill on GST compensation cess in Lok Sabha The government today introduced a bill in the Lok Sabha that would replace an ordinance wherein tax rates on various motor vehicles were hiked to a maximum of 25 per cent under the Goods and Services Tax (GST). Finance Minister Arun Jaitley introduced the GST […]

Continue Reading