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In recent years, an association inextricably linked to the Indian banking system is that of an entity that is almost crumbling under the weight of loans that may never be recovered. This unfortunate coupling has now been largely eroded,…

KITCHEN GAS cylinders at Rs 500 apiece, subsidized electricity, agricultural loan waivers and price support for dairy farmers, compensation of Rs 4 lakh to relatives of Covid-19 victims and five lakh new government jobs – these are just a…

Access to most mobile internet users in India along with the ability to deliver mobile content and applications in Indian languages ​​gives Jio-Facebook a substantial advantage in reaching all Indians currently…

Credit and finance for MSMEs: The Mahatma Gandhi Institute for Rural Industrialization (MGIRI) led the count of digital transactions among six MSME offices with zero offline transactions. Credit and financing for MSMEs: As the digital…

Multilateral finance agency Asian Development Bank has offered $68 million in financing to IIFL Home Finance to expand its footprint in the affordable and green housing segment. The financing includes a direct loan from the AfDB of $58…

The general public is largely left out of the serious things of the annual budget. But the budget is something more, a barometer of the country's economy Gopal Goswami, California Mukesh Kabra Smt. Nirmala Sitharaman, Minister of…

A week before the presentation of the Union budget, the Chairman of Hindustan Unilever (HUL) asked the Minister of Finance (FM) to plan a Mahatma Gandhi-like National Rural Employment Guarantee Scheme for the urban poor. He said personal…

The administration of the union territory of Jammu and Kashmir on Thursday described the union budget as a step towards strengthening the infrastructure and economy of Jammu and Kashmir. The Union Territory has received Rs 35,581.44 Crore…

Parliament's budget session began with President Ram Nath Kovind's speech to both houses in the central hall. He said, “My government believes it is important for the future of the country to remember the past and learn from it.…

The government could mop up around Rs 1 lakh crore if it dilute a 10% stake in the public sector insurer, but the extent of the problem is not yet clear as market sentiments could decide. The government has collected Rs 27,330 crore or 16%…

India lost an estimated 259 billion working hours per year between 2001 and 2020 due to damp heat impacts, according to a recent to study published by researchers at Duke University. The loss of these productive hours costs India $624…

Talace Private Limited - a subsidiary of the Tata Group's holding company, Tata Sons - won the takeover bid for debt-ridden Air India on October 8, 2021. A consortium of lenders led by the State Bank of India (SBI) will soon provide loans…

Six months after the creation of the National Asset Resolution Company Limited (NARCL), the proposal to create a “bad bank” – a key reform measure in this fiscal year – has yet to take off. Obstacles include issues related to ownership…

Among key reforms unveiled in the 2021-22 budget, the privatization of two state-owned banks and downstream oil major BPCL is now set to stretch into next year, even as the Center fights against time to make IPO Life Insurance Corporation…

Continued pressure on capital spending and the deployment of infrastructure projects under the National Infrastructure Pipeline (NIP) will be at the heart of the Union budget 2022-2023 as the central government seeks to maintain and…

The Government of India (GOI) initiates various programs and policies to bring about change in the economic situation of the country. The factors related to the futuristic approach of various companies must be secured and supported by…

Through PTI MUMBAI: The threat of a third wave of COVID-19 poses high risks to the quality of banks' assets, especially the restructured loan portfolio, according to a report by the national rating agency ICRA.…

The Madhya Pradesh government, at a Cabinet meeting on Tuesday, praised MP Mukhyamantri Krishak Uparjan Sahayta Yojna, a program to provide a budget allocation to enable government agencies such as Food and Civil Supplies Corporation and…

Credit and financing for MSMEs: The share of MSMEs in total gross bank credit declined slightly to 12.01% in November, from 12.17% in October. Credit and finance for MSMEs: Year-on-year (year-on-year) growth in gross bank credit extended…

Computer hub, chic suburb of Delhi, one of the richest cities in the country, Gurgaon has carefully cultivated an apolitical cosmopolitanism. As the Friday namaz controversy dies down, the Sunday Express uncovers a sense of fear,…

Vaishno Devi Yatra attracts thousands of pilgrims to Katra daily. The pilgrim rush is particularly high during the Navratras.Shrine officials said the stampede occurred when large numbers of worshipers entered Mata Vaishno Devi Bhawan…

THE BANKING sector succeeded in improving the quality of assets during the Covid year, the ratio of gross non-performing assets to advances rising from 8.2% at the end of March 2020 to 7.3% at the end of March 2021 - and again to 6.9% at…

This tech-driven startup leverages AI and ML to help students find the best university to study abroad Indians have always viewed study abroad as an expensive process. While this is somewhat true, it is also an exhaustive process. The…

How To Financially Plan Your Study Abroad | Photo credit: BCCL Many Indian students have dreams of studying abroad. However, studying abroad comes with its own…

Banks wrote off Rs 2,02,781 of bad debts in the fiscal year ended March 2021 when the Covid-19 pandemic hit the country and the Reserve Bank of India (RBI) allowed banks to announce relief as a moratorium on loans for borrowers. Along with…

Express news service KOCHI: The decision of private bus owners to convert buses to CNG to cope with rising oil prices has received a major shock. Kerala Finance Corporation (KFC), which had agreed to provide financial…

Over the past five years, considerable progress has been made in resolving and collecting bad debts from banks. Despite this, there are still around Rs 10 lakh crore of stressed assets lying around in the system. The newly formed National…

National Bank of Punjab Planning a new business venture by quitting a 9 to 5 job? Well, Punjab National Bank (PNB) clients should know!-->…

PNB management attributed the decrease in the NII to the one-time impact of a legal embargo on the recognition of bad debts during the September quarter of fiscal year 21.As loan growth in the corporate segment slowed and low interest…

The association and its members conducted a survey in June of this year among more than 81,000 self-employed workers and entrepreneurs running micro and small businesses.Ease of doing business for MSMEs: The Consortium of Indian…

In September, the government extended the ECLGS until March 31, 2022, or until guarantees for the overall cap of Rs 4.5 lakh crore are issued, whichever comes first.Credit and financing for MSMEs: Banks' gross non-performing assets…

After a tough year, the Diwali holidays are approaching and now is a great time to celebrate and enjoy your hard earned financial freedom. To make the occasion memorable and usher in the New Year, you might want to paint your house, buy…

T Rabi Sankar, Deputy Governor of the Reserve Bank of India (RBI), at the 5th annual Indian Association of Foreign Exchange Traders (FEDAI) day, said on Friday that there was an effort to further liberalize flows of the REIT's debt, with…

New Delhi: This is good news for Australian and foreign tourists, as they will soon receive over 500,000 free visas to visit India. This was announced earlier by the central government. In addition, the Union Interior…

Two former Indian Revenue Service agents, one who was arrested for alleged bribery and money laundering, and another who was chief income tax commissioner, have bank accounts in Switzerland, according to an investigation of Pandora Papers…

While irregularities of Rs 1,500 crore at Sri Guru Raghavendra Sahakara Bank Niyamitha (SGRSBN) in Bengaluru have pushed around 38,000 clients into hardship, the bank's sister company audit shows loans worth of 60 crore rupees were released…

To further focus on the healthcare sector with a targeted set of product offerings, Kotak Mahindra Bank (KMBL) today announced that it has launched a tailored and holistic suite of healthcare financing solutions. healthcare ranging from…

The government has asked the banks for the statute regarding the digitization of land registers and the creation of equitable mortgages online that would contribute to faster disbursement of agricultural loans. The Ministry of Finance…

An audit of Sri Guru Raghavendra Sahakara Bank Niyamitha (SGRSBN) in Bengaluru - where depositors were defrauded - found that Rs.1,480 crore had been embezzled and about Rs.890 crore, or 60%, was granted in the form of loans to 24 accounts,…

Mumbai: To put more emphasis on the healthcare sector with a targeted set of product offerings, Kotak Mahindra Bank (KMBL) today announced that it has launched a bespoke and holistic suite of financing solutions!-->!-->…

Interest rate on home loans With the start of the holiday season, several banks across the country have cut mortgage rates to make housing more affordable for customers. the three big!-->…

Since maintaining a minimum balance in a savings bank account is a difficult task, many people prefer a zero balance savings account where they are not required to maintain a minimum balance. Most banks require their customers to maintain…

NEW DELHI: Market regulator Sebi on Wednesday ordered the thaw of bank accounts as well as stock and mutual fund holdings of Rana Kapoor, former managing director and CEO of Yes Bank. Kapoor is currently in judicial custody after being…

Bangalore: Flipkart Wholesale, the digital B2B marketplace of Indian group Flipkart, announced the launch of credit programs aimed at helping kiranas manage their working capital needs and grow their business.Flipkart Wholesale's credit…

A bill was passed Monday at Lok Sabha to help small depositors save in troubled banks. The Deposit Insurance and Credit Guarantee Corporation (Amendment) Bill 2021 aims to help small depositors, especially people who have savings in…

Express news service THIRUVANANTHAPURAM: The report of an investigative team led by the Deputy Registrar of the Cooperation Department, Omana KL, had uncovered illegal activities in the Karuvannur Cooperative Services…

Amid disruption from the second wave of the pandemic, the country's largest private lender, HDFC Bank, on Saturday reported lower than estimated net profit of Rs 7,730 crore in the June quarter as the quality of bank assets…

The Indian government has set a divestment target of Rs 1.75 lakh crore for FY2021-22. It is perceived that state-run banks are not performing to their potential for a variety of reasons. The recent announcement by the Ministry of…

Mumbai: The banking sector posted its highest profits ever, rupee 1,02,252 crore, in FY21, a year the economy was hit by the pandemic. This is a significant turnaround from a net loss of almost Rs 5,000 crore to the industry in FY19.…

Hyderabad: The Central Bureau of Investigation has registered a complaint against a State Bank of India (SBI) cashier in East Godavari district in connection with a Rs 70 lakh gold loan scam. CBI booked Rapaka Venkata Ramana Murthy, head…

New Delhi: State Bank of India (SBI) is offering home banking facility amid ongoing Covid pandemic. SBI home banking is a relief for its customers who have had difficulty visiting nearby branches. SBI customers can…

The relationship with Job Loss during the pandemic 1Has your organization, like many others, also decided to downsize in order to stay afloat in these turbulent times? Your industry may have been hit hard, but finding another job could…

Chennai: Life insurance companies increased their provisions in the first quarter following higher-than-expected Covid-related claims, which will affect results and cause a loss for some. The average number of Covid death claims in FY22…

India's credit ecosystem remains resilient despite the pandemic, revealed the latest joint report titled "A Review of India's Credit Ecosystem" by Experian, the world's leading information services company, and Invest India, the agency.…

India VIX was in the red. (Photo: REUTERS)Share Market News Today | Sensex, Nifty, LIVE stock price: The benchmark stock indexes started trading on Friday at new all-time highs. Sensex jumped on the opening bell to hit a high of…

Dollar finds its footing as traders turn to key US inflation!--date-n-time-->…

NEW DELHI: Speaking to former Finance Minister P Chidambaram for his comments on the economy, Finance Minister of State Anurag Thakur on Wednesday said India's growth would rebound thanks to coherent reforms and strong fundamentals .…

For D Nath, 50 (name changed), the battle against Covid-19 may be over, but the stress is not. Last month, the Guwahati-based businessman tested positive for the virus, was admitted to a private facility in the city.…

Opening bell: Sensex, Nifty open flat; auto drags, FMCG stocks gain!--date-n-time-->…

The SBI press conference today follows the Reserve Bank of India's resolution 2.0 framework and COVID-related loan relief measures unveiled by Governor Shaktikanta Das on May 5, 2021.SBI LIVE press conference: State Bank of India (SBI)…

If you are unsure whether you should take out a mortgage with a bank or housing finance company, note that the latter usually have slightly higher interest rates than banks, but they might be better suited to high loan amount…

New Delhi: As the second wave of the COVID-19 pandemic is ravaging India, a report prepared by the Center for Sustainable Employment at Azim Premji University (APU) pointed out that jobs and incomes have not regained their pre-pandemic…

In a bid to alleviate the scourge of the COVID-19 pandemic, the Reserve Bank on Wednesday released a resolution 2.0 framework under which individuals and small businesses with exposure of up to Rs 25 crore can opt for a loan…

Express news service So you want to buy a house? Here is a formula that I arrived at after a long time as a financial professional. Most of these rules were part of the mortgage industry in the 1980s and even 1990s.…

Reliance Home Finance Ltd (RHFL) said on Saturday it defaulted on a loan of over Rs 40 crore from Punjab & Sind Bank even though the company had sufficient cash and cash equivalents it could not use due to court order. The subsidiary…

Mangaluru: The Dakshina Kannada District Police, who are investigating the murder of actor and rowdy SurendraBantwal, 39, arrested another accused in connection with the case, an associate of fugitive Vikki Shetty, currently in Bengaluru!-->!-->!-->!-->!-->!-->…

Bhumi Pednekar has already spoken about how she was "kicked" out of her film school. Now, she's revealed the one big issue she was facing when this happened. Bhumi said she had to repay a loan of Rs 13 lakh that she took out to pay for…