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Total Profit Of Public Sector Banks Crosses Rs 1 Lakh Crore In FY 2023
Public sector banks' cumulative profit crossed the Rs 1 lakh crore-mark in the financial year ended March 2023, with market leader State Bank of India (SBI) accounting for nearly half of the total earnings.
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Madhya Pradesh Clerk Suspended For Embezzlement Of Over Rs 1 Crore
A clerk employed in the Indore collector's office was suspended for allegedly misappropriating more than Rs 1 crore and transferring the sum to his wife's bank account, an official said today.
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Adar Poonawalla's Pic Used On WhatsApp To Steal Rs 1 Crore, 7 Arrested
Seven people have been arrested for allegedly using the image of Serum Institute of India CEO Adar Poonawalla and getting a director of the leading vaccine-producing firm to transfer Rs 1.01 crore to various bank accounts, Pune police said on Friday.
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Uttar Pradesh Government To Transfer Money To Bank Accounts Of Students' Parents To Buy Uniform, School Bags
Presently, the uniforms, shoes, school bags are provided to the students through the schools for free. For carrying forward the scheme, the parents of 1.6 crore students will be provided a total amount of about Rs 1,800 crore through direct benefit transfer (DBT).
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Chhattisgarh Sends Rs 1,500 Crore To 22 Lakh Farmers For Monsoon Sowing
The Chhattisgarh government has spent Rs 1,500 crore in paying 22 lakh farmers directly into their bank accounts as input cost subsidy so that they can prepare to sow kharif or monsoon crop.
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PhonePe Surpasses Google Pay to Become Leading UPI App in December, NPCI Data Reveals
PhonePe has surpassed Google Pay and become the top unified payments interface (UPI) app in December. It processed 902.03 million transactions accounting for Rs. 1,82,126.88 crores in total, according to the latest data released by the National Payments Corporation of India (NPCI).
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Government Clears GPS-Based Toll Collection System; No Toll Booths In 2 Years
The Union Minister of Road Transport & Highways and MSMEs, Nitin Gadkari, has announced that the Government of India has cleared the use of GPS-based for toll collection in the country. Gadkari says that this move will ensure seamless movement of vehicles across the country, and it will also help India becomes a 'toll booth free' nation in the next...
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RBI Forms Committee For Recommendations On Restructuring Of Corporate Loans
The committee will formulate sector-specific resolution plans for all accounts with total loan exposure of Rs 1,500 crore and above
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Yes Bank June Quarter Profit Slumps 91% On Higher Provisioning: 10 Points
Yes Bank on Wednesday reported a net profit of Rs 113.76 crore for the April-June quarter, missing analysts' estimates. That marked a fall of 91 per cent compared with its profit of Rs 1,260.36 crore reported for the corresponding quarter a year ago. Analysts had on an average expected the bank to report a profit of Rs 279 crore for the three-month...
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Budget 2019: How Cash Withdrawal From Bank Accounts Can Attract 2% Tax
TDS on cash withdrawal: In the Union Budget for 2019-20, the government has proposed to impose a TDS or tax deduction at source of 2 per cent if an individual or an entity withdraws Rs 1 crore or more from a bank account in a financial year.
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1,507-Crore Paid To Maharashtra Farmers In Drought-Hit Areas: Minister
An aid of Rs 1,507 crore has been credited into bank accounts of 42 lakh drought-affected farmers, Maharashtra Finance Minister Sudhir Mungantiwar said on Wednesday. He said Rs 2,909 crore have been allocated for this purpose.
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Fixed Deposit Interest Rates Offered By Banks On Deposits Below Rs 1 Crore
Fixed deposit accounts with a lock-in period of five or 10 years are eligible for deduction in income tax under Section 80C of the Income Tax Act.
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Here Are Fixed Deposit Rates Offered By Banks On Deposits Below 1 Crore Rupees
Lenders also pay slightly higher interest rates on fixed deposits to senior citizens, compared to those applicable to the general public.
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Interest You Can Earn On 5-Year Fixed Deposit From Top Banks
SBI, HDFC Bank, PNB and Canara Bank have recently revised the interest rates paid by them on retail fixed deposits. Top banks today pay interest rates to the tune of 3.5-7.75 per cent on fixed deposits of up to Rs 1 crore for a maturity period ranging from seven days to five years.
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Different SBI Savings Bank Accounts Explained: Interest Rates, Minimum Balance And Other Details
While all these bank accounts offer an interest rate of 3.5 per cent for balance up to Rs 1 crore, just like SBI's regular savings bank account, features such as eligibility criteria, minimum balance required, ATM cards and mode of operation vary, according to SBI.
-
Total Profit Of Public Sector Banks Crosses Rs 1 Lakh Crore In FY 2023
Public sector banks' cumulative profit crossed the Rs 1 lakh crore-mark in the financial year ended March 2023, with market leader State Bank of India (SBI) accounting for nearly half of the total earnings.
-
Madhya Pradesh Clerk Suspended For Embezzlement Of Over Rs 1 Crore
A clerk employed in the Indore collector's office was suspended for allegedly misappropriating more than Rs 1 crore and transferring the sum to his wife's bank account, an official said today.
-
Adar Poonawalla's Pic Used On WhatsApp To Steal Rs 1 Crore, 7 Arrested
Seven people have been arrested for allegedly using the image of Serum Institute of India CEO Adar Poonawalla and getting a director of the leading vaccine-producing firm to transfer Rs 1.01 crore to various bank accounts, Pune police said on Friday.
-
Uttar Pradesh Government To Transfer Money To Bank Accounts Of Students' Parents To Buy Uniform, School Bags
Presently, the uniforms, shoes, school bags are provided to the students through the schools for free. For carrying forward the scheme, the parents of 1.6 crore students will be provided a total amount of about Rs 1,800 crore through direct benefit transfer (DBT).
-
Chhattisgarh Sends Rs 1,500 Crore To 22 Lakh Farmers For Monsoon Sowing
The Chhattisgarh government has spent Rs 1,500 crore in paying 22 lakh farmers directly into their bank accounts as input cost subsidy so that they can prepare to sow kharif or monsoon crop.
-
PhonePe Surpasses Google Pay to Become Leading UPI App in December, NPCI Data Reveals
PhonePe has surpassed Google Pay and become the top unified payments interface (UPI) app in December. It processed 902.03 million transactions accounting for Rs. 1,82,126.88 crores in total, according to the latest data released by the National Payments Corporation of India (NPCI).
-
Government Clears GPS-Based Toll Collection System; No Toll Booths In 2 Years
The Union Minister of Road Transport & Highways and MSMEs, Nitin Gadkari, has announced that the Government of India has cleared the use of GPS-based for toll collection in the country. Gadkari says that this move will ensure seamless movement of vehicles across the country, and it will also help India becomes a 'toll booth free' nation in the next...
-
RBI Forms Committee For Recommendations On Restructuring Of Corporate Loans
The committee will formulate sector-specific resolution plans for all accounts with total loan exposure of Rs 1,500 crore and above
-
Yes Bank June Quarter Profit Slumps 91% On Higher Provisioning: 10 Points
Yes Bank on Wednesday reported a net profit of Rs 113.76 crore for the April-June quarter, missing analysts' estimates. That marked a fall of 91 per cent compared with its profit of Rs 1,260.36 crore reported for the corresponding quarter a year ago. Analysts had on an average expected the bank to report a profit of Rs 279 crore for the three-month...
-
Budget 2019: How Cash Withdrawal From Bank Accounts Can Attract 2% Tax
TDS on cash withdrawal: In the Union Budget for 2019-20, the government has proposed to impose a TDS or tax deduction at source of 2 per cent if an individual or an entity withdraws Rs 1 crore or more from a bank account in a financial year.
-
1,507-Crore Paid To Maharashtra Farmers In Drought-Hit Areas: Minister
An aid of Rs 1,507 crore has been credited into bank accounts of 42 lakh drought-affected farmers, Maharashtra Finance Minister Sudhir Mungantiwar said on Wednesday. He said Rs 2,909 crore have been allocated for this purpose.
-
Fixed Deposit Interest Rates Offered By Banks On Deposits Below Rs 1 Crore
Fixed deposit accounts with a lock-in period of five or 10 years are eligible for deduction in income tax under Section 80C of the Income Tax Act.
-
Here Are Fixed Deposit Rates Offered By Banks On Deposits Below 1 Crore Rupees
Lenders also pay slightly higher interest rates on fixed deposits to senior citizens, compared to those applicable to the general public.
-
Interest You Can Earn On 5-Year Fixed Deposit From Top Banks
SBI, HDFC Bank, PNB and Canara Bank have recently revised the interest rates paid by them on retail fixed deposits. Top banks today pay interest rates to the tune of 3.5-7.75 per cent on fixed deposits of up to Rs 1 crore for a maturity period ranging from seven days to five years.
-
Different SBI Savings Bank Accounts Explained: Interest Rates, Minimum Balance And Other Details
While all these bank accounts offer an interest rate of 3.5 per cent for balance up to Rs 1 crore, just like SBI's regular savings bank account, features such as eligibility criteria, minimum balance required, ATM cards and mode of operation vary, according to SBI.
