India’s public sector banks are expected to see a significant profit boost due to a new RBI directive. This allows banks to book profits on security receipts from bad loans sold to NARCL, potentially adding Rs 20,000 crore to their earnings. The change increases liquidity and acknowledges the value of government-backed SRs. Post navigation I-T dept slaps Rs 944 crore penalty on IndiGo parent Government looks at 360-degree incentives for key sectors
