Page 18 - Harsh Kumar

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

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

Banks, fintechs embark on profitable pilgrimage at Maha Kumbh Mela

Amid a crisis in deposits, banks hope to leverage the biz opportunities, with state govt projections estimating that event could generate Rs 25,000 cr in revenue and a Rs 2 trillion economic spinoff

Will make investments in digital in FY26: Punjab & Sind Bank MD & CEO

Says the public sector bank aspires to increase its Retail, Agriculture, and MSME (RAM) lending to around 60 per cent next year

FinMin reviews financial inclusion schemes, urges better banking outreach

Nagaraju stressed the importance of expanding banking infrastructure in unbanked villages and improving connectivity in remote areas, particularly in the North East

FinMin reviews financial inclusion schemes, urges better banking outreach

Nagaraju stressed the importance of expanding banking infrastructure in unbanked villages and improving connectivity in remote areas, particularly in the North East

FinMin considers asking banks to implement geotagging for all BCs

This is also expected to ensure that services are delivered effectively and efficiently to the intended beneficiaries

Budget likely to raise KCC credit limit from Rs 3 lakh to Rs 5 lakh

Launched in 1998, Kisan Credit Card scheme had over 74 million accounts, with outstanding credit of Rs 8.9 trillion as of June 30, 2023

Govt likely to conduct interviews for RBI deputy governor next week

Government panel consisting of RBI governor, Cabinet secy, DFS secy to interview candidates

Govt may introduce one-time amnesty scheme to resolve Customs disputes

The official said around 35,000 customs cases, involving over around Rs 50,000 crore are currently pending across various courts