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[ad_1] The finance ministry has directed all public sector banks to fill vacant posts reserved for Scheduled Castes (SCs) by December 31 and address all grievances of SC consumers and employees through a special drive by October 31. The decision came at a meeting convened by finance minister Nirmala Sitharaman with
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[ad_1] The Finance Ministry said on Monday that the rise in inflation was due to the base effect and an increase in food and fuel prices, and that govt efforts to reduce price increases will be felt more strongly in the coming months. Retail inflation rose to 7% in August
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[ad_1] The finance ministry held a review meeting with state-run lenders Tuesday and directed them to look at pushing credit growth. The meeting, chaired by financial services secretary Sanjay Malhotra, also took stock of the lenders' plans to reduce their non-performing assets. "There was also a review of banks' performance on
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[ad_1] In light of the first quarter results, the Finance Ministry assessed the public sector banks' (PSBs) performance on Tuesday and urged them to increase lending to the economy's productive sectors. According to sources, the meeting chaired by Financial Services Secretary Sanjay Malhotra also discussed the need to reduce non-performing assets
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[ad_1] After multiple reports emerged of possible levy on Unified Payments Interface (UPI) transactions in the wake of a Reserve Bank of India (RBI) report, India's Finance Ministry has tweeted a clarification saying there will be no levy on the service. "There is no consideration in Govt to levy any
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[ad_1] Finance Minister Nirmala Sitharaman on Thursday urged public sector banks to ensure smooth flow of credit to Kisan Credit Card (KCC) holders to boost rural incomes. During the half-day long meeting with the CEOs of public sector banks, she also asked them to help Regional Rural Banks (RRBs) in
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[ad_1] The Finance Ministry has asked public sector banks to explore fintech partnerships and co-lending opportunities to expand their business. In the recently concluded performance review of PSBs by the Finance Ministry, sources said, lenders were asked to focus on technology and data analytics to push their lending. The ministry
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[ad_1] The Finance Ministry on Monday held a meeting with heads of public sector banks (PSBs) to review their annual performance and progress made by them on various government schemes. The meeting was scheduled to be chaired by Finance Minister Nirmala Sitharaman, but she could not attend due to some
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[ad_1] The finance ministry on Thursday held meeting with state run banks and financial institutions to identify ways in which they can support the ‘Agniveers’, short term army recruits, on completion of their tenure. Earlier this week, cabinet approved a new recruitment scheme for armed forces called Agnipath, the youth selected
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[ad_1] All public sector banks will be holding a credit outreach drive across districts on Wednesday June 8, as a part of the Azadi Ka Amrit Mahotsav (AKAM). As a part of the drive, authorities will be hearing out customers and the public about their queries on credit facilities and
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