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Bad Loans Recoveries and Profitability at PNB

Punjab National Bank, the heavyweight in the PSBs sector, has shown improvement and recorded a surprising profit for the December quarter which indeed is treated as a turnaround.   Main reasons attributed are: A notable decline in Risk Weighted Assets Government’s Capital infusion Improvement in Capital Ratios Fall in Provisioning However, the bank would be compelled

Bad Loans Recoveries and Profitability at PNB

Punjab National Bank, the heavyweight in the PSBs sector, has shown improvement and recorded a surprising profit for the December quarter which indeed is treated as a turnaround.   Main reasons attributed are: A notable decline in Risk Weighted Assets Government’s Capital infusion Improvement in Capital Ratios Fall in Provisioning However, the bank would be compelled

TDS relief for Bank Depositors

A Good news for Bank Deposits.  Banks will not deduct TDS from Fixed Deposits or for that matter Term Deposits, on interest income upto Rs. 40,000.  However, it is said that the interest income will be taxable as per the slab rate as per current income tax law.  What does this mean? An individual can

TDS relief for Bank Depositors

A Good news for Bank Deposits.  Banks will not deduct TDS from Fixed Deposits or for that matter Term Deposits, on interest income upto Rs. 40,000.  However, it is said that the interest income will be taxable as per the slab rate as per current income tax law.  What does this mean? An individual can

Story of Tea Leaves

TC means Crushing, Tearing and Curling.  This is the three processes undergone by Tea Leaves.  This is the same tea which wakes you up in the morning.  In the Banks of Brahmaputra, in Assam, one could learn by visiting a tea factory, that growing tea and plucking the leaves on the top of the plants,

Story of Tea Leaves

TC means Crushing, Tearing and Curling.  This is the three processes undergone by Tea Leaves.  This is the same tea which wakes you up in the morning.  In the Banks of Brahmaputra, in Assam, one could learn by visiting a tea factory, that growing tea and plucking the leaves on the top of the plants,