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IDBI Bank disclosed that it has received a GST demand order of Rs 2.97 crore, including interest and penalty, for alleged excess availment of input tax credit (ITC). The order, issued by the Dehradun state tax department for the 2018-19 fiscal year, comprises a tax demand of Rs 1.42 crore, along with interest and penalty of Rs 1.41 crore and Rs 0.14 crore, respectively. The bank stated that it is assessing suitable legal options, including filing an appeal, in accordance with the law. ....
IDBI Bank Gets Rs 2.97 Crore GST Demand Order news18.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from news18.com Daily Mail and Mail on Sunday newspapers.
IDBI Bank s gross NPA ratio improved to 4.53% as against 6.38% YoY while net NPA ratio also improved to 0.34% vs 0.92% YoY..The lender has announced a dividend of Rs 1.50 per share which will be will be paid on approval by shareholders at the ensuing Annual General Meeting (AGM) of the bank. ....
On Saturday, 40 companies announced their quarterly earnings including ICICI Bank, Kotak Mahindra Bank and IDBI Bank. Here are highlights of these results: ....
IDBI Bank's interest income improved during the third quarter of the current fiscal to Rs 6,541 crore, as against Rs 5,231 crore in the same period last fiscal; IDBI Bank Q3 Net Profit Jumps 57% to Rs 1,458 Crore ....