MUMBAI: The balance sheet size of non-bank financial companies (NBFCs) grew by 17.2 per cent to Rs 26 trillion in September 2018 from Rs 22.2 trillion in September 2017, a Reserve Bank of India (RBI) report showed.Net profit of sector increased by 16.2 per cent during the half year ended ...
NEW DELHI: In a new year gift to the common man, the government has notified reduction in GST rates on 23 goods and services, including movie tickets, TV and monitor screen.The consumers will pay less for these items of common consumption as the incidence of Goods and Services Tax (GST) ...
NEW DELHI: Ahead of the new year, mortgage lender HDFC Monday increased its retail prime lending rate (RPLR) by 10 basis points (bps), making housing loans costlier for new borrowers.The new rates range from 8.90 to 9.15 per cent on various slabs of loans.HDFC has increased its RPLR, on which ...
The finance ministry has exempted rupee payments made to the National Iranian Oil Co (NIOC) for crude oil imports from a steep withholding tax, according to a government order reviewed by Reuters.The exemption, put in place December 28 but backdated to November 5, will allow Indian refiners to settle about ...
NEW DELHI: India's diesel demand is likely to double to 163 million tonne (MT) in 12 years as consumption rises in the world's fastest-growing economy, Oil Minister Dharmendra Pradhan said Monday.In a written reply to a question in the Lok Sabha, Pradhan said as per the International Energy Agency's World ...
MUMBAI: Banks lending to and borrowing from all other entities in the financial system stood at 46.5 per cent of total lending and borrowings in the financial system, as on September 2018, RBI report showed.Financial institutions establish links with other financial institutions for efficiency gains and risk diversification, but these ...