Pradhan Mantri Mudra Yojana was launched on 8th April 2015. Categorised as Shishu, for loans upto Rs.50000/-, Kishore for loans upto Rs. 5 lakhs and Tarun for Loans upto Rs. 10 lakh, the scheme...
Rs. 1.76 lac crore from RBI’s reserve fund transferred to Central Government RBI central board accepted the recommendations of the Jalan Committee – formed last year to review the economic capital framework for RBI’s reserved funds...
On August 30, Finance Minister Nirmala Sitaraman announced the consolidation of 10 public sector banks (PSBs) into four large ones. The background of the announcement is the current full-blown economic crisis and a brewing...
Experts, Activists and Journalists Discussed Infrastructure Finance in India: A Report September 6, 2019, Nagpur: Around 60 activists, researchers, academics, journalists, trade unionists and grassroots community organisers attended recently concluded two-day conference on Infrastructure...
Nirmala Sitaraman, Minister of Finance, in her latest press conference, announced the merger of 10 Public Sector Banks (PSBs) to carve out four big banks. In the process six, PSBs are being closed. Presently...
Insolvency and Bankruptcy Code (IBC), once hailed as the panacea of all ills plaguing bad debt of corporations and for quick recovery of outstanding loans from them, has been in operations for a while...
RBI ‘relaxes’ norms on BSBDA accounts: There are news reports mentioning that with the new notification RBI has eased norms for BSBD accounts and new facilities will be provided to Basic Saving Bank Deposit...
क्या ठेठ चुनावी गहमा-गहमी के दौरान कोई निजी कपनी अपनी बिजली की कीमतों में इजाफा कर सकती है? और ऐसा करते हुए उसे कोई देख, टोक तक नहीं पाता? गौर से देखें तो बिजली...
More NPAs to haunt banks with IL&FS Exposures: The NCLT has asked the banks to consider their exposure to ILFS as NPAs. Earlier NCLT has restricted banks from declaring their exposure to IL&FS prompting...
लोकसभा चुनाव के बीच, केद्रिंय विधुत विनियामक आयोग ने अडानी मुद्रां पावर परियोजना की 2000 मेगावाट यूनिट का तय टैरिफ 2.80 रुपए से बढाकर 3.10 रुपए करने का आदेश जारी कर दिया है। इसका...
Criticising the latest Reserve Bank of India’s (RBI) annual Banking Ombudsman Report, which revealed dissatisfaction among 25 per cent customers, Financial Accountability Network (FAN India), has issued a public statement chiding RBI for being...
Banks act as financial intermediaries between depositors and borrowers. It is the public money, deposited in the form of term deposit (fixed deposits) and time deposit (saving and current accounts) which banks use for...
The crisis in the banking sector is a created one, where the commercial banks have been forced to lend on a large scale to the development projects and to the corporates and which has...
The Financial Year 2018-19, which recently ended, proved to be the most challenging year for the financial world. The first and foremost challenge was the introduction of the Financial Regulatory and Deposit Insurance Bill...
