ESOPs not much of celebration for employees of unlisted companies; here’s why

E-commerce major Flipkart recently approved buyback of $100 million in employee stock options (ESOPs) — a bonanza for its 6,000-odd current and former employees. However, before uncorking the champagne bottle, the employees need to figure the tax implications. In unlisted companies, the tax treatment for employees will vary, depending on whether the buyback relates to… Continue reading ESOPs not much of celebration for employees of unlisted companies; here’s why

Barring auto, even retail loans see spike in bad loans: Report

Even as banks continue to focus on retail (to individuals) loans, as they keep away from large corporates due to poor credit quality, a study has found an uptick in non-performing assets (NPAs) across many sub-segments of small loans in the year to March 2017. Education loans and commercial vehicle loans reported one of the… Continue reading Barring auto, even retail loans see spike in bad loans: Report

AIF-II cheer as bank taps open

The Reserve Bank of India (RBI) has allowed banks to resume investing in AIF-II or Category-II Alternate Investment Funds (AIFs). It means that banks can again invest in equity and debt funds of private equity (PE) firms. This follows a master risk circular by the RBI on Monday which provides a cap on every type… Continue reading AIF-II cheer as bank taps open

Digital payment push: FinMin to organise Mudra camps from Varanasi

In a bid to accelerate self-employment opportunities, the finance ministry has decided to organise Mudra Promotion Camps across the country beginning September 27 from the Prime Minister’s constituency Varanasi. As part of the special drive, 50 camps, including one each in state capitals, will be organised between September 27 and October 17, official sources said.… Continue reading Digital payment push: FinMin to organise Mudra camps from Varanasi

Amazon ties up with Bank of Baroda to attract more sellers

Online marketplace giant Amazon India is racing against time to bring in more sellers so that they sell more on its platform during the festive season. On Friday, it tied up with the Bank of Baroda to offer micro loans to its sellers. The firm’s arm, Amazon Seller Services Pvt Ltd (ASSPL), is bringing in… Continue reading Amazon ties up with Bank of Baroda to attract more sellers

Airtel Payments Bank rolls out UPI-enabled digital payments

Airtel Payments Bank on Sunday said it has become the first payments bank in India to integrate the Unified Payments Interface (UPI) on its digital platform. This will add to customer choice and convenience for making secure digital payments to online/offline merchants and making instant money transfers to any bank account in India, said the… Continue reading Airtel Payments Bank rolls out UPI-enabled digital payments

BOI, United Bank to raise up to Rs 1,500 crore via bonds

Banks are tapping the bond market to shore up capital adequacy under Basel-III norms ahead of the end of the financial year second quarter in two weeks. Two public sector lenders, United Bank of India and Bank of India (BOI), are raising up to Rs 1,500 crore through tier-I and tier-II bonds. Kolkata-based United Bank… Continue reading BOI, United Bank to raise up to Rs 1,500 crore via bonds