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[ad_1] All public sector banks will begin a special drive from October 2 for filling up of backlog vacancies reserved for scheduled castes, National Commission for Scheduled Castes (NCSC) Chairman Vijay Sampla said on Thursday. The decision comes after a review meeting, jointly chaired by the NCSC chairman and Finance
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[ad_1] The Reserve Bank on Wednesday notified that the share of industrial loans in total credit has been gradually declining over the last decade while that of personal loans is on the rise As per the 'Basic Statistical Return on Credit by Scheduled Commercial Banks (SCBs) in India - March 2022'
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[ad_1] Finance Minister Nirmala Sitharaman on Tuesday asked public sector banks (PSBs) to fill the backlog vacancies of Scheduled Castes (SCs) in time bound manner and enhance their coverage in all schemes. In a meeting to review the progress of various government schemes aimed at the welfare and upliftment of
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[ad_1] Demand for loans is not showing any signs of slowdown even among low-to-medium income customers despite rising interest rates and concerns of growth losing momentum, a top executive of shadow lender Piramal Capital and Housing Finance said on Tuesday. The company typically draws its customers from the self-employed category with
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[ad_1] The insurance regulator may allow equity investment even in non-dividend paying companies to be included in the approved investment category subject to some conditions. This would increase the eligible universe of companies they can invest in, boosting allocation to stocks. Under the existing norms, only investment in listed companies that
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[ad_1] Finance Minister Nirmala Sitharaman will on Tuesday meet heads of public sector banks and financial institutions to review the progress of various government schemes aimed at the welfare and upliftment of scheduled castes. Schemes like Stand-Up India, Pradhan Mantri Mudra Yojana (PMMY), and Credit Enhancement Guarantee Scheme for Scheduled
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[ad_1] signed a strategic partnership with Asian Development Bank (ADB) to support and promote supply chain finance solutions in India, the bank said in a stock exchange filing on Friday. It has entered into a partial guarantee programme with ADB with an initial outlay of Rs 560 crore, exclusively
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[ad_1] Insolvency and Bankruptcy Board of India (IBBI) chief nudged lenders to provide interim finance to companies that have entered insolvency proceedings, a move that could improve the valuation of companies with operating assets and brand recall value. It is in the interest of existing lenders to provide interim finance
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[ad_1] The finance ministry on Wednesday released the fifth instalment of revenue deficit grant of Rs 7,183 crore to 14 states for the current fiscal. The states for which Post Devolution Revenue Deficit(PDRD) Grant has been recommended by the 15th Finance Commission during 2022-23 are Andhra Pradesh, Assam, Himachal Pradesh,
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[ad_1] Central Bank of India, a state-owned commercial bank, plans to shut 13% of its branches to improve its financial health, which has been under pressure for several years, according to sources and a document seen by Reuters. The bank is looking to reduce the number of branches by 600 by
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