....According to available data, NPAs of state-owned banks rose by 28.5 per cent to Rs.2.36 lakh crore in September last from Rs.1.83 lakh crore in March, 2013. It is expected to have grown further. Reserve Bank of India Governor Raghuram Rajan had recently expressed concerns over the bad loans in banks. The directions were issued in view of reluctance of the Income Tax Department, which comes under the Central Board of Direct Taxes (CBDT), to share information provided in wealth tax returns with banks despite repeated requests. However, the Finance Ministry said banks would be allowed to recover their dues from sale of assets of defaulters only after settlement of the claims of the tax department........
The very purpose of VITALINFO is to provide a platform for wider dissemination of updated information related to and happening of events in and around RBI.
No comments:
Post a Comment