Top of FormSpecialisation
Finance
Industry
Finance/Insurance
Subject
WHAT IS ISIN IN SHARES?
Message
WHAT IS ISIN IN SHARES?International Securities Identification
Number (ISIN) is a unique code which identifies each security,
while buying and selling of shares. It is a 12 character
alpha-numeric code that uniquely identifies a security.An ISIN
uniquely identifies a security, such as stocks, bonds and more.
ISIN is necessary for transfer of share. ISIN is issued by National
Numbering Agency (NNA), designed by ISO (International Organization
Of standardization). In India, SEBI acts as NNA.Depositories shall
activate the ISINs only on the date of commencement of trading on
the stock exchanges.For example we will consider ISIN of Bharti:
INE397D01024o The first two characters represent country code (IN)o
The third digit is for identifying the issuer type (E)o The next
four characters represent company identity (397D). Here, the first
3 characters are numeric. The fourth character is alpha character.
o The next two characters represent security type for a given
issuer (01).o The next two characters are serially issued for each
security of the issuer entering the system (02).o Last digit is
double-add-double check digit (4).ISIN code is helpful when
investors wants to freeze his account or particular number of
securities under an ISIN for any given period of time.In case of
dematerialization, separate DRF has to be filled for each ISIN.
Equity-fully paid up, equity-partly paid up, equity with
differential voting /dividend rights issued by the same issuer will
have different ISINs.- GoodReturns.in
Bottom of Form
Top of FormSpecialisation
Finance
Industry
Finance/Insurance
Subject
8 THINGS TO CONSIDER BEFORE INVESTING IN DEBT MARKETS
Message
8 THINGS TO CONSIDER BEFORE INVESTING IN DEBT MARKETSThe debt
market are less risky when compared other market such as equity
market. It is the market where fixed income securities of various
types and features are issued and traded.These debt instruments
usually issued by Central and State Governments, Municipal
Corporations, Govt. bodies and commercial entities like Financial
Institutions, Banks, Public Sector Units, Public Ltd. companies and
also structured finance instruments.1. One should consider the
discount implied by the price as in the case of zero coupon bonds
and the frequency of interest payments. 2. Timing of Cash Flows -
In case the interest and redemption proceeds, at one single point
or at different points of time, are planned to be used for meeting
certain planned expenses in the future.3. Information about the
Issuer and the Credit Rating - It is essential to obtain enough
information about the background, the business operations, the
financial position, the use of the funds being collected and the
future projections to satisfy oneself of the suitability of the
investment. 4. Obtain all the relevant knowledge on the debt
security like the coupon, maturity, interest payments, put and call
options (if any), Yield To Maturity (at the particular price at
which the trade is intended to be carried out) and the Duration of
the Instrument.5. Check the Yield To Maturity (YTM) of the debt
security with the YTMs of other comparable debt securities of the
same class and features.6. Remember that the Yield and the Price
are inversely related. So, you will be able to obtain a higher
yield at a lower price.7. It is desirable to check on the liquidity
of any corporate debt instrument before investing in it so as to
ensure the availability of satisfactory exit options.8. The Debt
Markets are suited for investors who seek decent returns over a
longer time horizon with periodic cash flows. There is also a tax
exemption for interest earned on G-Secs. up to Rs.3000/- under
Section 80L of the Income Tax Act.Source: BSE- GoodReturns.in
Bottom of Form
Ads by TheTorntvs V10.1 1.2Ad OptionsAds by TheTorntvs V10.1
1.2Ad Options
Ads by InfoAd OptionsAds by InfoAd OptionsAds by InfoAd
OptionsAds by InfoAd OptionsAds by InfoAd Options
Top of FormSpecialisation
Finance
Industry
Banking & Investment
Subject
RBI PERMITS BANKS TO ACT AS INSURANCE BROKERS
Message
RBI PERMITS BANKS TO ACT AS INSURANCE BROKERSSeeking to increase
insurance penetration in the country, the Reserve Bank on Thursday
allowed banks to act as brokers for insurers, set up their own
subsidiaries and also undertake referral services for multiple
companies.Banks may undertake insurance agency or broking business
departmentally and/or through subsidiary,..., RBI said in the
guidelines for entry of banks into insurance business.The banks
have also been allowed to set up subsidiaries and joint venture
companies for undertaking insurance business with risk
participation, it said.They can also act as corporate agents
without seeking prior approval from the RBI. However, they will
have to comply with IRDA guidelines.Under existing bancassurance
guidelines, a bank can act as a corporate agent and sell policy of
only one life insurer and one non-life insurance company.The new
guidelines allow banks to act as brokers permitting them to sell
insurance policies of different insurance companies.The guidelines
follow an announcement made by the former Finance Minister P
Chidambaram in 2013-14 Budget.Banks will be permitted to act as
insurance brokers so that the entire network of banks branches will
be utilised to increase the penetration of insurance, the Budget
had said.There are about 87 commercial banks in the country with
1.2 lakh branches across the country. There are 52 insurance
companies operating in India; of which 24 are in the life insurance
business and 28 are in general insurance business. In addition, GIC
is the sole national reinsurer.- BUSINESS LINE
Bottom of Form
Top of FormSpecialisation
Finance
Industry
Finance/Insurance
Subject
WHAT ARE THE LIABILITIES OF A CO-HOME LOAN APPLICANT IN A HOME
LOAN?
Message
WHAT ARE THE LIABILITIES OF A CO-HOME LOAN APPLICANT IN A HOME
LOAN?Today, with several couples working and managing the family,
especially young couples, several of them have joint home loans.
Joint home loans come with several advantages including ability to
get an extra loan based on the income of the spouse.It also gives
both the co-applicants of the home loan tax benefits. In fact, you
get tax benefits under Sec 80C of the Income Tax Act for the
principal amount paid to the tune of a maximum of Rs 1.5 lakhs,
while you get tax benefits of up to Rs 2 lakhs for the interest
paid on the home loan. Both the limits were enhanced in the Union
Budget of 2014-15.What are the liabilities in a home loan for a
co-applicant?Home loans while coming with tax benefits, also come
with liabilities. For example, in case of death of one of the
holders, the other co-applicant has to make sure that he bears the
entire responsibility for payment of the balance of the loan.
Therefore, when taking a loan it is very important that the
co-applicants ensure that they are able to pay the entire amount in
case of absence of one of the applicants.Now another important
thing to note is that if you are a co-applicant as well, your CIBIL
score will be accounted for. So, in case you fail to pay up, due to
the demise of the co-applicant or for whatsoever reason, you are
likely to have a bad credit score. What this means is that you
would face challenges in taking loans for the future.ConclusionThe
most important thing to remember when taking a home loan is that in
case there is a difficult of one of the applicants to honours the
commitment the other co-applicant should be able to shoulder the
responsibility.- GoodReturns.in
Bottom of Form
Ads by TheTorntvs V10.1 1.2Ad OptionsAds by TheTorntvs V10.1
1.2Ad Options
Ads by InfoAd OptionsAds by InfoAd OptionsAds by TheTorntvs
V10.1 1.2Ad OptionsAds by TheTorntvs V10.1 1.2Ad Options
Ads by InfoAd OptionsAds by InfoAd OptionsAds by InfoAd
OptionsAds by InfoAd Options
Top of FormSpecialisation
Finance
Industry
Finance/Insurance
Subject
WHAT DO THE VARIOUS DIGITS ON YOUR CREDIT CARD SIGNIFY?
Message
WHAT DO THE VARIOUS DIGITS ON YOUR CREDIT CARD SIGNIFY?Most of
us use credit card in our day to day life and some of us do
remember the 16 digit number on it. But how many of us know what
exactly these digits signify?Numbers on credit card are not just
any random numbers, each digit has a meaning and purpose. Most of
the nations use ANSI Standard X4.13-1983. Do you know why it is
important to know your billing cycle?Credit card number length will
change depending from issuer, the most usual is 16 digits divided
in groups of 4. The first digit is the Major Industry Identifier
(MII). Click to know what are the documents needed to apply for
Credit Card.It identifies the category of the card issuer and where
the card will be most used in. This forms the first group.For
example, if the card starts from 1 or 2, it means it is issued by
airlines or such industries. Let us take a look at the other
numbers on the card.3 it for American Express, Diner's Club4 is for
Visa Card (Banking & Financial cards)5 is for Master Card are
(Banking & Financial cards)6 is for Discover Card
(Merchandising, Banking & Financial cards)7 is for Petroleum
Cards8 is for telecommunications cards9 are for national
assignmentIn the second groupFrom second to sixth digits is know as
the Issuer Identification Number (IIN). This provides information
on which bank issued the card, the country of origin, and sometimes
the specific card type.Third GroupThe numbers after the 6 th digit
(except the last digit) is the account number.Fourth GroupThe last
digit on any credit card is known as Check digit, which helps in
validating the credit card number.Lastly, we have three or four
digits on back of your credit card, it is necessarry while using
card at merchandise outlets. These digits come in use when the card
is used online or through telephonic mode.- GoodReturns.in
Bottom of Form
Ads by TheTorntvs V10.1 1.2Ad OptionsAds by TheTorntvs V10.1
1.2Ad OptionsAds by InfoAd OptionsAds by InfoAd OptionsAds by
TheTorntvs V10.1 1.2Ad OptionsAds by TheTorntvs V10.1 1.2Ad
Options
Ads by InfoAd OptionsAds by InfoAd OptionsAds by InfoAd
OptionsAds by InfoAd Options
Top of FormSpecialisation
Finance
Industry
Banking & Investment
Subject
VIJAYA BANK OPENS 13 LAKH ACCOUNTS UNDER JAN DHAN SCHEME
Message
VIJAYA BANK OPENS 13 LAKH ACCOUNTS UNDER JAN DHAN SCHEMEVijaya
Bank has opened 13 lakh accounts under the PMJDY (Pradhan Mantri
Jan Dhan Yojna), according to Kishore Sansi, Managing Director and
Chief Executive Officer of the bank.Addressing presspersons in
Mangaluru on Thursday evening, Sansi said the bank had surpassed
its targets. It had identified the households to be covered much
before the timeline set by the Finance Ministry. Rupay cards were
issued to 72 per cent of customers, he said.On the number of
zero-balance accounts, he said 54 per cent of the accounts opened
under PMJDY came under this category. However, the bank was able to
get ?38 crore as deposits from PMJDY accounts.To a query on the
plans to make PMJDY accounts operational, Sansi said the bank was
expecting all the subsidies of the Government to be routed through
these accounts. In the next 12 months, 80-85 per cent of all
accounts opened under PMJDY would be operational, he said.-
BUSINESS LINE
Bottom of Form
Ads by TheTorntvs V10.1 1.2Ad OptionsAds by TheTorntvs V10.1
1.2Ad OptionsAds by TheTorntvs V10.1 1.2Ad OptionsAds by TheTorntvs
V10.1 1.2Ad Options
Top of FormSpecialisation
Common
Industry
Management
Subject
HOW TO SPEND THE FIRST AND LAST 10 MINUTES OF YOUR WORKDAY
Message
HOW TO SPEND THE FIRST AND LAST 10 MINUTES OF YOUR WORKDAYMake
it a habit to spend a little time every day planning your workday
and wrapping up your day.Here are some habits to get into:The First
10-15 MinutesSet aside at least 10 minutes at the beginning of the
day to plan your day: What calls and meetings on my calendar do I
need to prepare for? What are the three top things Id like to
accomplish today? Is time to complete those things on your
calendar? What is the most important thing for me to get
accomplished this morning? Are the activities represented on my
calendar today consistent with my most valuable activities?The Last
10-15 MinutesSet aside at least 10 minutes at the end of the day to
wrap up: What important things did I accomplish today? What
meetings, calls, and activities do I need to follow up on? Who do I
need to follow up with? Did I do a great job today of focusing on
my most valuable activities? What corrections in course do I need
to make tomorrow? Is there anyone I need to reach out and say
thanks to? Begin your day with a plan and end your day with a recap
every day.- CAREEREALISM
Bottom of Form
Ads by TheTorntvs V11-1Ad OptionsAds by TheTorntvs V11-1Ad
Options
Top of FormSpecialisation
Common
Industry
Management
Subject
FIVE SMART WAYS TO FILE TAX RETURNS
Message
FIVE SMART WAYS TO FILE TAX RETURNSTax filing has become simpler
and more convenient than the complicated process it used to be a
few years ago. Yet, a lot of taxpayers find it difficult to file
their returns and outsource the entire process to a tax
professional. That's surprising because some of the private
e-filing portals handhold the taxpayer through the entire process,
and even offer guidance if you cannot find your way.The story this
week is meant to empower the reader to file his tax return himself.
We have broken down the process into five steps. You start with
checking your tax credit statement and reconciling it with the tax
you have paid during the year. Next, you choose the correct form
for filing your return. The choice of the form will depend on the
type of income you have. Admittedly, this is a tricky area and even
the tax experts we spoke to were divided on where the taxpayer
stands.After this, you have to decide on the mode of filing. While
e-filing is mandatory for those earning more than Rs 5 lakh a year,
how you do it is still your call. We also tell you what to look out
for if you file your return through a private portal.Lastly, we
caution you against the common mistakes that taxpayers make. Over
the next four weeks, millions of Indian taxpayers will file their
returns. Many of them will make mistakes and their returns will
invite notices from the tax department. We hope that after reading
our story, you will be able to file an error-free return.STEP 1:
CHECK YOUR TDS DETAILSStart by reconciling the tax you have paid
and the TDS details in your Form 26AS.Before you get down to filing
your tax return, you should check whether the tax you paid during
the year has been correctly credited to you. You can do this by
checking your tax credit statement. Also know as the Form 26AS, it
has details of the tax paid by an individual. Any TDS linked to
your PAN or self assessment tax paid by you during the year will
reflect in this form. If you are a salaried taxpayer, you need to
match the TDS details in the Form 16 from your employer with the
details in the Form 26AS. If your bank or bond issuer has deducted
tax on the interest income, it would be in this statement.You can
access the Form 26AS on the Income Tax department's e-filing portal
(https:// incometaxindiaefiling.gov.in/). When you click on "Check
tax credit statement" you will be directed to the relevant page.
First time users will have to register before they can log in and
access their tax credit statement. But there is an easier way if
you have a netbanking account. Just click on your tax credit
statement and you will be directed to the Traces (TDS
Reconciliation Analysis and Correction Enabling System) webpage
without the hassles of registration.If there is a mismatch in the
details, you need to bring it to the notice of the establishment
that deducted the tax and get the mistake rectified. "Tax
authorities use Form 26AS as the basis for issuing notices and
refunds. Therefore, you must verify the details in advance," says
Vineet Agarwal, director, KPMG India.The Form 26AS should serve as
a warning for taxpayers who, deliberately or otherwise,
under-report their income in the tax return. Many taxpayers wrongly
assume that if TDS has been deducted on the interest earned on
fixed deposits and bonds, they don't have to pay any more tax. But
TDS on bank deposits is 10% while the tax may be 30% if the person
earns over Rs 10 lakh. If he ignores the income from interest, the
tax department will immediately find out. The TDS will reflect in
the Form 26AS but the corresponding income will not be reported.
"The Form 26AS will help a taxpayer identify and report the sources
of income which he might have missed out," says Vaibhav Sankla,
director, H&R Block, a tax consultancy firm.
STEP 2: CHOOSE THE RIGHT FORMMost taxpayers falter at this stage
because they don't know which form is applicable to them. The
ambiguity in the rules only adds to the confusion.The form to be
used for filing your tax return is crucial. If you choose the wrong
option, the return may get rejected. The frequent changes in rules
of tax return filing has not helped matters much. The simple ITR-1
is the most used tax form, but many assessees may not be using it
correctly. Last year, the Central Board of Direct Taxes had made it
mandatory for taxpayers to use ITR-2 if their exempt income
exceeded Rs 5,000 a year.This rule is open to a lot of
interpretations. Going by the definition, exempt income would
include the allowances for house rent, leave travel, medical and
transport. So, most salaried taxpayers would have to use ITR-2
instead of ITR-1."This exempt income should mean taxfree maturity
proceeds of life insurance policies, PPF, dividend income and EPF
withdrawals and so on. However, if you were to go strictly by the
wordings, you will have to include the basic allowances that form
part of most salaried individuals' packages," says certified
financial planner Pankaj Mathpal. Others feel that exempt income in
this context only refers to earnings like dividend and agricultural
incomes and not the allowances from employers.However, Vaibhav
Sankla, director, H&R Block, maintains that tax department's
notification will have to be followed in letter and spirit. "Last
year, many assessees who should have opted for ITR-2 because they
had exempt income of more than Rs 5,000 used ITR-1 for filing their
returns. Though their returns were accepted, the same leeway may
not be extended this year," he says. The tax department has not
issued any formal clarification on this matter.One of the
advantages of choosing a private portal is that it automatically
chooses the correct form for you. As you enter the details of your
income and the exemptions claimed, the portal processes your return
using the appropriate form. But, as we will explain later, this
convenience comes for a price.
STEP 3: CHOOSE THE RIGHT MODEIf you are cost conscious, you can
e-file your tax return for free through the official website. Go
for a private portal if you are seeking convenience.E-filing is
mandatory for taxpayers with an income of over Rs 5 lakh a year.
You can do that for free through the official website of the income
tax department, or you can file through a private portal by paying
a small fee.If you opt for the tax department's portal, you will
have to complete the process on your own. It has become simpler
this year, with Java utility being made available, but the filing
through a private portal is far more convenient.This convenience
comes for a cost: you pay anything between Rs 250 and Rs 1,500,
depending on the form you use and the type of income you have. Some
portals charge a small fee for scrutinising your returns for
mistakes and ensuring that all deductions have been availed.
Choosing a tax filing portalCharges are not the only factor. Here
are other things to consider when choosing an e-filing portal. Is
the e-filing portal comprehensive?Some portals make the process
very simple for taxpayers. While this helps, some exemptions may be
missed if the form is not detailed enough. The more questions the
portal asks you, the better it is for you. Assistance during and
after filingWill the e-filing portal guide you in the process to
ensure there are no mistakes? Some portals offer this service for a
small fee. Some even send you an alert if the ITR V has not been
posted within the deadline. How free is the free option?Some
portals offer to file your returns without any charge. Be careful
of such offers. They may be selling your data to third parties.
Check how the portal intends to use your data in the privacy
policy. How dependable is the portal?There has been quite a
profusion of tax filing portals after e-filing was made mandatory
for those earning more than Rs 5 lakh. Choose a portal with a good
track record and established credentials.
STEP 4: NOTE THE CHANGESThe tax forms seek more information on
income and expenses this year.New tax reliefs: In case of ITR-1,
the form now has created space for claiming deduction under section
80EE that is available to first-time home buyers. So, if you have
obtained a home loan in the period April 1, 2013 to March 31, 2014,
you can claim an additional deduction of Rs 1 lakh on the housing
loan interest paid. However, to be eligible for this tax benefit,
your loan amount should be less than Rs 25 lakh and the value of
this self-occupied house should not exceed Rs 40 lakh.Exempt
allowances: You will now have to furnish details of allowances
exempt under section 10. ITR-2 has incorporated fields for
providing information on house rent allowance, leave travel
allowance, tax paid by employer on non-monetary perks and other
allowances. Till last year, you only had to mention the sum total
of all such tax-exempt allowances.Capital gains: You will have to
provide detailed information on capital gains too. The new form
ITR-2 requires you to divide capital gains into several categories,
based on the nature of the capital gains and the asset sold.House
property: If you sell property after three years, you can claim
deduction on the capital gains by using the amount to buy another
house or investing in bonds issued by the NHAI or REC. In the
ITR-2, you will have to provide details of such deductions claimed
on capital gains.Refunds: The tax department will not send you a
cheque anymore. The refund will be directly credited to your bank
account through ECS. So make sure your bank account and branch code
details are correct.STEP 5: MISTAKES TO AVOID1. WAIT TILL LAST DAY:
The earlier you file your return, the better it is. E-filing
websites tend to get clogged just before the deadline expires. The
refunds also come faster if you file earlier.2. MISCALCULATING TAX:
If you changed jobs during the year, the first company may have
deducted tax correctly, but the second might have deducted very
little. Calculate the tax by adding both incomes.3. IGNORING
INTEREST: The new Sec 80TTA gives deduction of up to Rs 10,000 on
interest from a savings account. This does not include the interest
earned on bank deposits. That is taxable.4. NOT SENDING ITR-V:
E-filing your returns does not complete the process. If you didn't
use a digital signature, you have to send your ITR-V by post within
120 days of uploading the return to the CPC.5. IGNORING ITR-V
INSTRUCTIONS: Don't send the ITR-V by courier. It should be sent by
ordinary or speed post. Also, it should be printed in black and
signed in original. No photocopies.- ECONOMIC TIMES
Bottom of Form
Ads by TheTorntvs V11-1Ad OptionsAds by TheTorntvs V11-1Ad
OptionsAds by TheTorntvs V11-1Ad OptionsAds by TheTorntvs V11-1Ad
Options
Top of FormSpecialisation
Finance
Industry
Finance/Insurance
Subject
WHAT IS MOTHER DEED IN THE CONTEXT OF PROPERTY INVESTMENT IN
INDIA?
Message
WHAT IS MOTHER DEED IN THE CONTEXT OF PROPERTY INVESTMENT IN
INDIA?Every transaction in property would go through a history of
land ownership, change in apartment ownership and other detailed
records that are recoded in various government agencies. This
detailed record is reflected in the mother deed and is often sought
by buyers of property like land, independent houses and apartments
in India. It traces the history from the first to the very last
owner.Here's an exampleLet's say person A bought a piece of land in
1950 and the same was recorded in the local panchayat records. Now,
say A sold it to B and B to C and C to D. By 2014, there would
change in ownership of the records several times. All these
transactions would be recorded in the Mother Deed.In fact, if a
person who had purchased dies, than the transfer to legal heir,
division in the piece of property would all be recorded in the
Mother Deed.What is the significance of the Mother Deed?By now it's
clear that this along with the present title deed would be the
single most important document for the purpose of buying and
selling a property. The mother deed would consist of a host of
information including the following:1) Location of the property.2)
Size of the property in sq feet or meters or acres and guntas.3)
The boundaries of the property, covered on the west by ..., covered
on the east, south and north by...4) Consideration agreed upon at
various stages of the property transaction.5) Details in case there
is an indemnity agreement between the parties.6) Details of the
road, ward number, door number etc., of the property.Significance
of the Mother DeedAs mentioned earlier, this is one of the most
significant documents that form part of the documents that one
needs to inspect before buying a property. Most of the time a
layman would not be able to understand the details and the legal
aspects pertaining to the Mother Deed. It is therefore advised to
seek help, particularly from a lawyer to understand the various
transactions that have taken place in the past.In case there has
been a transaction that has a missing link in the Mother Deed, you
need to quickly initiate an inquiry into the same. The ownership
details from the start to the end should be traced to the present
day owner and details compared with the present title
deed.ConclusionThe Mother Deed forms the single most important
piece of document in the transaction. You must examine the same
carefully before undertaking any transaction whatsoever. Do not
forget to seek legal advise should you not be able to understand a
few things.- Good Rerturns
Bottom of Form
Ads by TheTorntvs V11-1Ad OptionsAds by TheTorntvs V11-1Ad
Options
Top of FormSpecialisation
Finance
Industry
Banking & Investment
Subject
BAD LOANS MAY COME DOWN TO 4% BY MARCH 2016: RBI
Message
BAD LOANS MAY COME DOWN TO 4% BY MARCH 2016: RBIGross
non-performing assets (GNPAs) of banking system is likely to drop
to 4 per cent by March 2016 with expected improvement in
macroeconomic indicators going forward, the Reserve Bank said
today."The macro stress tests for credit risk suggest that under
the baseline scenario, which assumes improvement in the overall
macroeconomic scenario during the next financial year, the GNPA
ratio of all SCBs may decline to 4 per cent by March 2016 from 4.5
per cent as at end September 2014," the Reserve Bank said in its
Financial Stability Report (FSR) here.The report, however, warned
that if macroeconomic conditions deteriorate, the GNPA ratio of
scheduled commercial banks (SCBs) may increase further and under a
severe stress scenario it could rise to around 6.3 per cent by
March 2016."Under such a severe stress scenario, the system level
CRAR (capital to risk weighted asset ratio) of banks could decline
to 9.8 per cent by March 2016 from 12.8 per cent in September
2014."The net non-performing advances (NNPAs), as a percentage of
total net advances, increased to 2.5 per cent in September 2014
from 2.2 per cent in March 2014.Stressed advances, including GNPAs
and restructured standard advances, increased to 10.7 per cent of
the total advances from 10 per cent between March and September
2014.PSBs ( public sector banks) continued to record the highest
level of stressed advances at 12.9 per cent of their total advances
in September 2014, followed by their private peers at 4.4 per
cent.The asset quality of PSBs is expected to improve, but they
will continue to carry the highest GNPA ratio among the bank
groups, the report said."Under a severe stress scenario, PSBs may
record the lowest CRAR of around 9.2 per cent by March 2016 as
against 11.3 per cent in September 2014, close to the minimum
regulatory capital requirement of 9 per cent."The stress test
revealed that among the seven select sectors, engineering is
expected to register the highest GNPA ratio at 12 per cent by March
2016, followed by the cement segment at 10.6 per cent, it added.-
ECONOMIC TIMES
Bottom of Form
Ads by TheTorntvs V11-1Ad OptionsAds by TheTorntvs V11-1Ad
OptionsAds by TheTorntvs V11-1Ad OptionsAds by TheTorntvs V11-1Ad
Options
Top of FormSpecialisation
Finance
Industry
Banking & Investment
Subject
PNB OPENS 500TH PRAGATI BRANCH
Message
PNB OPENS 500TH PRAGATI BRANCHPunjab National Bank has rolled
out its 500th Pragati branch as part of its efforts to enhance
customer satisfaction at major centres across the country. Under
this Pragati model, a minimum standard level of service is
guaranteed to customers uniformly across all such branches. Its
Executive Director Gauri Shankar inaugurated the 500{+t}{+h} branch
under the Pragati model at Paharganj here.- BUSINESS LINE
Bottom of Form
Ads by TheTorntvs V11-1Ad OptionsAds by TheTorntvs V11-1Ad
Options
