Articles by BFSI Updates

High input tax credit mismatch under I-T lens

Revenue secretary Ajay Bhushan Pandey has directed senior income tax officials to identify cases of suppression of personal income or tax evasion, and take stern action, but without troubling genuine tax payers. NEW DELHI: Taxpayers…

Performance on MUDRA loans: PSBs vs. private banks

In September 2018, former Reserve Bank of India Governor Raghuram Rajan had flagged the potential credit risks in schemes such as the Pradhan Mantri Mudra Yojana (PMMY), popularly known as the Mudra scheme, in a note to federal lawmakers. Rajan…

HDIL, its promoters have to repay loan to PMC Bank: HC

MUMBAI: The Bombay High Court on Thursday said the HDILNSE -1.47 % and its promoters Rakesh Wadhawan and Sarang Wadhawan will have to repay their loan to crisis-hit Punjab and Maharashtra Cooperative (PMC) Bank as it was in the interest of…

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