Saturday, May 8, 2021
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India asks state banks to protect dollar assets on Cairn concern

Indian authorities asked state-run banks to protect their dollar deposits on concern they could be frozen if Cairn Energy Plc moves to seize India’s offshore assets as part of a tax dispute, according to people with knowledge of the matter. Lenders aren’t committing to U.S. dollar purchases in the forwards

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Banks sanction Rs 15 lakh crore under Mudra Yojana in last 6 years

The Finance Ministry on Wednesday said banks and financial institutions have sanctioned Rs 14.96 lakh crore to over 28.68 crore beneficiaries in the last six years. Pradhan Mantri MUDRA Yojana (PMMY) was launched by Prime Minister Narendra Modi on April 8, 2015 to promote entrepreneurship. Ministry of Finance is

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Banking sector was hurt in the name of aggressive lending a decade back: PM Modi

PM Narendra Modi on Friday said the government has a clear vision for the financial services sector and is taking steps to make it vibrant, proactive and strong and the top priority is to ensure trust and transparency for both the depositor and investor. PM Modi said the sector

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Government committed to strengthen banking sector: PM Narendra Modi

Prime Minister Modi on Friday said that the government is committed to strengthening the banking sector, and a clear roadmap has been laid out in the Budget on how to expand the participation of the private sector and strengthen the public sector institutions. “Private enterprises are being promoted wherever possible,

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SIDBI commits Rs 250 cr funding to 3 firms; Stride Ventures gets up to Rs 85 cr

New Delhi: The Small Industries Development Bank of India (SIDBI) has committed Rs 250 crore funding to three funds, including Stride Ventures that has received up to Rs 85 crore. In a statement on Thursday, Stride Ventures said it has raised up to Rs 85 crore from SIDBI, and

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Eye-watering problem: Agra-based optician’s claim threatens to break the Indian banks

AGRA: When business evaporated at Gajendra Sharma's eyeglass shop a couple of miles from the Taj Mahal during India's strict COVID-19 lockdown, he was relieved to hear about a pandemic debt moratorium that would give him breathing room on his home loan. Now, however, the 53-year-old optician's $13,500 debt risks

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EXCLUSIVE! Modi government may announce Rs 1 lakh cr farm loan waiver

A big news may be coming for banking sector, markets and the overall economy! The Modi government is working on a plan to waive-off farm loans worth Rs 1 lakh cr, sources have revealed. Zee Business Executive Editor Swati Khandelwal, in this big breaking news, said that the government

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