West Bengal's SLBC to increase rural loans from Rs 4400 cr to Rs 10000 cr
In addition, West Bengal will also request the Reserve Bank of India (RBI) to increase the additional credit limit to MSMEs, to 30 per cent from the existing 10 per cent.
In addition, West Bengal will also request the Reserve Bank of India (RBI) to increase the additional credit limit to MSMEs, to 30 per cent from the existing 10 per cent.
During March-April 2020, PSBs sanctioned loans worth Rs 5.66 lakh cr for more than 41.81 lakh accounts
Besides SBI, other members of the consortium that has been cheated are Canara Bank, Union Bank of India, IDBI, Central Bank of India and Corporation Bank
The CBI had recently booked Ram Dev International and its directors Naresh Kumar, Suresh Kumar and Sangita
Longer-term investors with a three-five-year horizon have an opportunity to pick quality stocks, which in calmer times tend to trade at exorbitant valuations
The usual advice is that one should not withdraw from their EPF account because it hurts the retirement corpus
The bank's board of directors has approved a loan to India to strengthen the preparedness of the country's national health system
Analysts would track the management's commentary on Covid-19 related impact, traction in deposits post investment in YES Bank, movement of reported GNPAs, and moratorium utilised by customers
NPA level of public sector banks has increased from 18 per cent in December 2018 to 19 per cent in December 2019
According to the complaint filed by SBI, the account had become non-performing asset on January 27, 2016.
Public sector bank branches face an uphill task with low demand for credit.Senior management is pressuring branch managers without understanding field-level constraints
An internal assessment of its portfolio by HDFC Bank has revealed that its NPAs may rise by 50 bps.IndusInd Bank has found that its asset quality could deteriorate by a maximum of 80 bps due to the covid-19 crisis
Retail loan growth is likely to be subdued because of the recent spate of job losses and a sense of uncertainty.Some banks are already seeing higher growth in their corporate book, as compared to their retail loan book
Punjab National Bank also requests RBI to permit one-time restructuring of loans till March 31, 2021 on a case to case basis
Retail borrowers who are facing difficult times, and are unable to repay their loans even after the moratorium ends, will get another three months to regularise their loans.As a standard practice, lenders need to classify a loan as NPA if a borrower doesn’t repay for 90 days.