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COVID RELATED PROVISIONS
Forget fake invoices. The real risk is the assumptions made in the balance sheet to hide lossesMost accounting risks make noise. The biggest one on the Indian balance sheet doesn't. It hides inside growth assumptions, discount rates, ...- Income Tax department labels her stock market trader, denies investor status; she fights and wins Rs 54 crore capital loss claim at ITATDolly Khanna successfully challenged the tax department's classification of her Rs 54 crore short-term capital loss as a business loss. The...
- How the Supreme Court is reshaping the US midterm electionsThe US Supreme Court is set to decide two crucial election law cases. One case challenges rules on counting mail-in ballots received after ...
- Asset which sits in the balance sheet for years without moving, then suddenly wipes out all profit in a single quarterThe most dangerous number on a balance sheet is not always the one that looks wrong. It is often the one that depends heavily on management...
- From axles to rare earth: India draws up list of 100 products it still can't make enough ofIndia is set to boost its manufacturing sector by identifying around 100 products for domestic production. This initiative aims to reduce r...
- IRS won't tell you about these COVID refunds, but here's how to claim every dollar you are owedNearly 79 million Americans already filed federal tax returns this year. Yet millions may still qualify for hidden IRS COVID refund claims ...
- CSB Bank cautious on gold loans, focuses on wholesale business, says MD Pralay MondalCSB Bank, a lender backed by Prem Watsa, is adopting a cautious stance on gold loans following global uncertainties. The bank intends to sh...
- CSB Bank cautious on gold loans, focuses on wholesale business, says MD Pralay MondalCSB Bank is turning cautious on gold loans amid price volatility linked to geopolitical tensions. The lender expects slower growth, shiftin...
- Govt has eased FDI norms for foreign cos having small Chinese/Hong Kong stake: An explainerIndia has eased Foreign Direct Investment rules for companies with up to ten percent Chinese or Hong Kong shareholding. These firms can now...
- Census 2027 to be India's first digital enumeration exerciseIndia is gearing up for Census 2027, the nation's 16th census. This massive undertaking will be the world's largest, featuring digital inte...
- Six yrs later, migrant workers still trapped in a cycle of exploitationMigrant workers are again facing hardship. Protests erupt over low wages and poor conditions. Government policies lag behind rising costs. ...
- HDFC Life Q4 results: Net profit muted on Covid-related provisionsNet of reinsurance HDFC Life settled claims worth Rs 145 crore on Covid related deaths by settling 2324 cases during last year.
- HDFC Life Q4 new premiums jump 45%Profit climbed 2 per cent in the March quarter, paced by a 45 per cent growth in new premiums collected. However, a ₹165-crore hit on covid...
- Bandhan Bank prunes Covid-related risk projections with better repayment collectionThe bank said it has made additional Covid-related provision of Rs 2100 crore covering 2.8% of its portfolio, and it might not need to top ...
- Covid stress: Banks confident provisions are good enoughBoth private and public sector banks are confident that stress in their books will not go out of control by the end of the fiscal as they h...
- RBL Bank Q2 results: Net profit rises on retail growth, fees, lower costsNet profit rose to Rs 144 crore in the quarter ended September 2020 up from Rs 54 crore a year earlier supported by 23% growth in retail ad...
- Bajaj Finance drops 4% on concerns over Covid-related provisionsBajaj Finance saw tepid loan growth, as new loans booked during the quarter halved to 36 lakh from 65 lakh a year-ago.
- Pain likely in only 4-5% of ICICI Bank book: Yes Securities‘ICICI Bank numbers were pretty strong and they have beaten the brokerage estimates for core pre-operating profit margins by about 15% odd.’
- Indian banks set aside Rs 13,653 crore in Covid-19 provisioningAccording to SBI Research, 35-40% of loan portfolio of banks on average is under moratorium.
- Kotak’s moratorium numbers better than peers: Sharekhan‘Kotak Mahindra Bank is seeing a rise in the overall provisions’
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