-The Hindu Total Deposits in the last three years have grown by over 2.5 times to Rs. 98,400 cr. Public sector banks stand to earn as much as Rs.5,000 crore due to the increasing quantum of Deposits placed in Jan Dhan accounts, and can vastly monetise this resource once they start implementing advanced analytics and begin lending to these customers, according to industry players and analysts. Over the last three years, the number...
More »SEARCH RESULT
Total Matching Records found : 429
At Rs 670 crore, BSP has biggest bank balance among parties -Pradeep Thakur
-The Times of India NEW DELHI: The Bahujan Samaj Party (BSP) has the biggest bank balance among all parties, according to official records. The expenditure report submitted by BSP to the Election Commission on February 25 states that it has Rs 669 crore deposited in eight accounts in branches of public sector banks in the national capital region. The party, which scored a blank in the 2014 Lok Sabha polls, has also...
More »Demonetisation triggers 1400 per cent rise in suspicious transaction reports: Financial Intelligence Unit
-PTI The elite financial snooping unit of the country has compiled comprehensive data of such instances, including fake currency Deposits, for the year 2017-18. NEW DELHI: The 2016 demonetisation of two high-value currencies has led to an all-time high generation of over 14 lakh suspicious transaction reports (STRs), a record 1,400 per cent jump over the past, by banks and other financial institutions in the country, a latest FIU report has found. The...
More »A costly short-term borrowing: Dip into small savings -Sunny Verma
-The Indian Express The NSSF collects funds through small savings schemes, such as Post Office Savings Account, National Savings Time Deposits, National Savings Recurring Deposits, National Savings Monthly Income Scheme. It is a costlier form of borrowing for the government as compared to market loans. New Delhi: AN INCREASED reliance on the National Small Savings Fund (NSSF) and issue of recapitalisation bonds has helped the government to improve its fiscal affairs...
More »Managing the stimulus -Neelkanth Mishra
-The Indian Express The income transfer scheme was the highlight of the budget. But its success will need deft manoeuvring. Like in each of the previous two years, the run-up to the budget this year was rife with fears of significant fiscal slippage if the government caved in to political compulsions. And like in prior years, these fears turned out to be exaggerated. The decline in fiscal deficit ratios has indeed...
More »
