New Delhi, Dec 29 (IANS) The fund sharing between the Centre and states under the new VB-G RAM G will be based on normative assessment, and states stand to gain around Rs 17,000 crore when compared to average allocation of last seven years, an SBI Research report showed on Monday.Using a simulated scenario of normative assessment of (only Centre’s share), with seven attributes/parameters spread across twin fulcrum of equity and efficiency, “we estimate the states gain around Rs 17,000 crore …
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New Delhi, Dec 27 (IANS) System loan growth has picked up and Q3 FY26 is expected to show better loan growth and improved net interest margins, a report said on Saturday.The report from Elara Capital said the quarter should also see lower slippages in unsecured and microfinance institutional loans and steady recovery trends that may benefit credit costs.The report, however, flagged that deposit flows remain weak and incremental credit‑deposit ratios are running very high.”Even with better Q3 o…
Hyderabad, Dec 24 (IANS) The Directorate of Enforcement (ED) restored properties valued at Rs 63.05 crore to the State Bank of India and UCO Bank in connection with a money laundering investigation against G. S. Oil Limited. ED’s Hyderabad Zonal Office completed the process of restitution of attached properties valued at approximately Rs. 63.05 crore under the provisions of the Prevention of Money Laundering Act (PMLA), 2022, to the State Bank of India (Rs. 62.30 crore) and UCO Bank (Rs. 75 la…
The State Bank of India (SBI), India’s largest public sector bank, continues to strengthen its global presence, especially for Non-Resident…