Page 14 - Harsh Kumar

Revenue department rejects panel's GST waiver demand on co-lending

In May 2024, the Department of Financial Services had asked SBI to set up a co-lending committee to address issues related to its business model

Budget 2025-26: Higher loan limit may benefit 10% of KCC accounts

Even now, KCC loan limits are also gradually expanded periodically based on the repayment capacity and overall credit profile of the customer

Notification on One State, One RRB likely next week, says M Nagaraju

Corporate bonds face challenges in attracting subscriptions, especially if they have lower credit ratings, said DFS secy

Budget 2025: Investment, turnover limits for MSMEs hiked up to 2.5 times

Currently, over 1 crore registered MSMEs, employing 7.5 crore people and generating 36 per cent of our manufacturing, have come together to position India as a global manufacturing hub

Budget 2025: We've responded to the voice of the people, says FM Sitharaman

We continue to place emphasis on the multiplier effect that capital expenditure done by the government has shown, said FM Sitharaman

Budget 2025: FM promises intervention in 100 districts to boost crop yields

Credit limit on KCC raised to Rs 5 lakh; farm Budget at Rs 1.71 trn, 22% more than FY25RE

Budget FY26: Govt increases KCC loan limit to Rs 5 lakh from Rs 3 lakh

The move will boost rural economic growth, says experts, call for swift disbursal of these loans, where technology such as AI can be great enablers

Eco Survey: Business reforms key to unlocking faster state-specific growth

Making a case for Ease of Doing Business 2.0, the Survey said states need to remove prohibitions on women working in factory processes

May not need to move NCLT over MTNL loan account: PNB MD, CEO Ashok Chandra

The state-owned lender on Friday reported a 102.8 per cent year-on-year increase in net profit at Rs 4,508 crore for Q3FY25

PNB Q3FY25 results: Net profit rises 102% to Rs 4,508 cr, NII up 7.2%

The bank's net interest income (NII) grew 7.22 per cent Y-o-Y to Rs 11,032 crore in Q3

May consider applying for universal bank licence in 2 years: Sarvjit Samra

We achieved an 8 per cent growth in deposits on a quarter-on-quarter basis, maintaining a retail-centric focus, said Sarvjit Singh Samra, MD & CEO, Capital Small Finance Bank

With loans to MTNL turning into NPAs, PSBs may agree to 20% haircut

They have Rs 8,144 cr exposure to troubled telco

Govt approves Mutual Credit Guarantee scheme to strengthen MSME sector

Mutual Credit Guarantee scheme will provide 60% guarantee coverage for loans up to Rs 100 crore

Finance ministry pushes PSBs to boost affordable insurance coverage

PSBs achieved only 51% of enrolment targets for the Pradhan Mantri Jeevan Jyoti Bima Yojana by Dec 2024

From Tuhin Kanta Pandey to Ajay Seth, meet FM Sitharaman's Budget team

Except for the economic affairs secretary and chief economic adviser, Sitharaman will have a new team of bureaucrats who will help her chart the strategy for the upcoming budget

MSME industry bodies seek RBI support for easier priority sector lending

The official further said that the RBI only partially restored this classification to the extent of Rs. 20 lakh per borrower. Hence, NBFCs funding to MSEs is now restricted

21% of Pradhan Mantri Jan Dhan Yojana accounts turned inoperative by Dec

Number of such accounts stands at 110 million

Budget 2025-26: MSME ministry pitches for higher Mudra loan limits

In the proposal sent to the finance ministry, the MSME ministry has suggested raising the Shishu category limit to Rs 5 lakh and the Kishore category to Rs 10 lakh

On track to exceed NPA recoveries target of Rs 3,000 crore: Uco Bank MD

In this quarter, we have achieved recoveries to the tune of Rs 1,064 crore, contributing to over Rs 2,700 crore in recoveries across the past three quarters, said UCO Bank MD and CEO Ashwani Kumar

Public-sector banks concerned over rejection rate in PM Vishwakarma scheme

The restrictions make individuals ineligible if they had taken government loans in past five years