New Delhi, Mar 25 (KNN) The twin balance sheet problem no longer persists in the Indian economy, Minister of State (MoS) for Finance Pankaj Chaudhary informed in the Lok Sabha. Twin balance sheet problem refers to a situation when banks are over-stressed and corporates are overleveraged to the extent theyContinue Reading
New Delhi, Mar 10 (KNN) Minister of State for Finance Pankaj Chaudhary told the Rajya Sabha on Tuesday that public sector banks (PSBs) have recorded significant improvements in customer service, asset quality and operational efficiency under the Enhanced Access and Service Excellence (EASE) Reform Programme. Operational and Technology Reforms UnderContinue Reading
New Delhi, Mar 25 (KNN) Unclaimed financial assets across banks, insurance companies and mutual funds have crossed Rs 73,000 crore, prompting regulators to intensify efforts to help citizens trace and recover their funds, the government informed the Rajya Sabha. According to Minister of State (MoS) for Finance Pankaj Chaudhary, unclaimedContinue Reading
New Delhi, Mar 11 (KNN) The government has renamed Personal Income Tax as Non-Corporate Tax (NCT) from FY 2025–26, as the category includes taxes collected from entities other than companies, Minister of State for Finance Pankaj Chaudhary informed the Rajya Sabha. According to estimates by the Income Tax Department, Non-CorporateContinue Reading
New Delhi, Mar 30 (KNN) India’s external sector is facing mounting pressures amid a volatile global environment, with weakening exports, rising imports, and capital flow volatility contributing to widening imbalances, according to the Finance Ministry’s Monthly Economic Review for March 2026. The report highlighted a marginal decline in merchandiseContinue Reading
New Delhi, Mar 12 (KNN) The Indian Banks’ Association (IBA) organised the “RRB Conclave 2026: Next-Gen Reforms for RRBs – Challenges & Opportunities” this week in New Delhi to deliberate on policy reforms and future strategies aimed at strengthening Regional Rural Banks (RRBs). The one-day conclave, held under the guidanceContinue Reading
New Delhi, Mar 31 (KNN) The Reserve Bank of India (RBI) has extended the implementation of its revised capital market exposure norms by three months to July 1, 2026, from the earlier deadline of April 1. The central bank said the decision follows representations from banks, capital market intermediaries (CMIs),Continue Reading
