Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
Popular Search: TDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT Audit :: articles on VAT and GST in India :: TAX RATES - GOODS TAXABLE @ 4% :: VAT RATES :: form 3cd :: empanelment :: list of goods taxed at 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARDS :: due date for vat payment :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARD :: cpt
« News Headlines »
 India is moving towards a flawed GST
 ICAI to organise two-day international conference in Hyderabad
 Here's how to calculate tax payable on your capital gains
 Income Tax calculations for the financial year 2016-17
 CPE Events 17 October - 22 October 2016
 High Court raps I-T Department for wrong tax demand
  CBDT signs 5 advance pricing pacts with Indian taxpayers
 Finance ministry warns tax officials of action against GST protest
 Big changes for small units under GST
 Parliament’s winter session to begin on November 16 to expedite GST rollout
 Income-tax (27th Amendment) Rules, 2016 - 92/2016

FM, bankers meet on July 21
July, 15th 2006

Finance Minister P Chidambaram will meet the chiefs of public sector banks on July 21 to take a closer look at the performance of the banking industry. 
The agenda also includes key issues such as liquidity and interest rate scenario, agriculture credit, non-performing assets of the banks and recovery of sticky assets. 
The meeting is also expected to discuss the performance-related bonus plans for PSB chiefs. The government finalised it early this week. The basis of the performance-linked bonus will be banks ability to fulfil all commitments on the business plans that they sign with the North Block in the beginning of every year. 
The maximum bonus a CEO can get will be Rs 10 lakh if all business parameters are achieved. In order to be eligible to get the bonus, a CEO must ensure that at least 60 per cent of the projections are achieved. 
The minimum bonus is likely to be Rs 6 lakh. The cut-off year may be 05-06. If the government decides to implement the plan, some of the CEOs who have retired recently will be eligible to get performance linked bonuses. 
The meeting assumes significance against the backdrop of major business ratios of public sector banks declining during the financial year ended March 2006. Return on assets (ROA), operating profit as percentage of working funds and net profit per employees declined in 2005-06 compared with 2004-05. 
The ROA declined to 2.07 per cent from 2.27 per cent in 2004-05 as total assets of 25 banks rose 13.78 per cent in 2005-06, while operating profit rose 3.61 per cent. The net profit of 25 public sector banks increased by 14.3 per cent to Rs 17,382 crore (Rs 15, 204 crore). 
On the agriculture credit front, the banks have done will achieving 125 per cent of the target fixed for flow of credit to agriculture sector during the year 2005-06. 
At a meeting held on June 3 last year, it was announced that the target fixed for flow of credit to agriculture for the year 2005-06 for commercial banks was Rs 87,200 crore, based on the previous year s disbursement. 
Data collected from the commercial banks show that as on March 31, 2006, banks have disbursed Rs 1,07,900 crore.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Customer relationship management software CRM software Operational CRM Collaborative CRM

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions