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May 24, 2021 Samuel Joseph J, Deputy Managing Director, IDBI Bank× We’ve utilised the prompt corrective action period to change our business mix and strengthening of balance sheet. During the four years that IDBI Bank was under prompt corrective action (PCA), it transformed itself from a predominantly corporate bank to a retail bank. And the Bank, which exited PCA on March 10, 2021, would like to keep it that way, according to Samuel Joseph J, Deputy Managing Director. In an interaction with BusinessLine, he emphasised that it had aggressively accelerated provisioning, over and above the...

System has enabled honest assessees to pay taxes without any problem, says Tarun Bajaj, Secretary, Economic Affairs and Revenue The GST collection of ₹1-lakh crore plus for six successive months cannot be a coincidence, Tarun Bajaj, Secretary, Economic Affairs and Revenue, has said. In an interview to BusinessLine, Bajaj said simplification and better compliance have led to better collection. He also expressed hope that gross direct tax collection shortfall is likely to be just 3 per cent at the end of FY21 and that the overall tax collection for FY22 would be better than what is mentione...

‘We are aggressively expanding data centre business in India’ February 24, 2021 Sharad Sanghi, CEO, NTT× India is one of the fastest markets and growing annually at over 20% : Sharad Sanghi, CEO, NTT Ltd NTT of Japan in September committed an investment of $2 billion in expanding its data centre (DC) footprint in India. And it is doing it swiftly. The latest is signing of an MoU with the Tamil Nadu government to set up a DC with an investment of ₹1,377 crore. NTT is a leader in the Indian DC space with over 1.5 million sq ft in operation and 150 mw capacity spread over 10 DCs. “We a...

Bond market will stabilise once there is visibility on RBI’s intervention, says Rajeev Radhakrishnan of SBI MF Rajeev Radhakrishnan, CIO, Fixed Income, SBI Mutual Fund× The bond market is in a turmoil due to the large borrowing program announced by the Centre. A war of nerves is currently on between the bond market and the RBI on where the yields should be. In this interaction with BusinessLine, Rajeev Radhakrishnan - CIO - Fixed Income, SBI Mutual Fund, shares his views on the current situation, What is your view on the bond market’s ability to absorb the increased supply of governmen...

Gaming enthusiasts are now quite open to customising their devices to get the best out of their gaming PCs, according to Prakash Mallya, VP and MD – Sales, Marketing and Communications Group, Intel In