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Department of Financial Services News
Department of Financial Services
Cheque books, ATM withdrawals are not free? Customers have reasons to worry
Sat, May 12, 2018
The Department of Financial Services is of the opinion that services such as issuance of cheque books, account statements and ATM withdrawals are free up to a certain limit and not commercial activities which can be brought under the ambit of GST, Financial Services Secretary Rajiv Kumar said here
FinMin giving final touches to recap bonds, FM nod likely soon
Wed, Nov 29, 2017
The Department of Financial Services, in consultation with the Reserve Bank of India, has submitted proposals to the Department of Economic Affairs, which is working on the final structure, a government official said, adding that the final structure will be known in the next few days after approval from the finance minister.
Govt seeks Rs 13,000 crore surplus from RBI
Sun, Nov 19, 2017
In August, the RBI had paid a dividend of Rs 30,659 crore for the fiscal ended June 2017. It was less than half the Rs 65,876 crore it had paid in 2015-16.
FinMin writes to heads of PSU banks on consolidation
Sun, Sep 03, 2017
The finance ministry has written letters to all heads of PSU lenders informing them the government's decision to set up a ministerial panel to facilitate consolidation in the public banking space.