DSIJ Mindshare

ICICI Bank posted stable asset quality and earnings for Q3FY18, GNPA’s remained little changed. However, the bottom-line remained subdued compared to the quarter and the previous year.

The tax efficiency feature in mutual fund investments stands reduced post Thursday's Union Budget announcement. The finance minister Arun Jaitley has introduced the long-term capital gain tax on equity/equity-related instruments on the gains over and above Rs. 1 lakh at 10 percent without the indexation benefit.

The PAT for the quarter came in at Rs. 15.27 crore, yoy increase of 3%. Taxes increased due to rise in deferred taxes attributed to the new capacities added.

Finance Minister Arun Jaitley in his Budget speech on Thursday announced that 56 unserved airports and 31 unserved helipads will be connected under regional air connectivity scheme (UDAN) of the government.

Furthering the Budget 2017 impetus on Housing for All, the government has assigned infrastructure status to affordable housing projects in this year's budget.On Thursday, the Finance Minister announced that the government will set up an affordable housing fund under the National Housing Bank (NHB).