Govt unveils new savings scheme for women with 7.5% fixed interest rate for 2 years
A 'Mahila Samman Saving Certificate' with a fixed interest rate of 7.5 per cent for two years was announced on...
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BFSI
Govt doubles deposit limit for Senior Citizen Savings Scheme to Rs 30 lakh
Finance Minister Nirmala Sitharaman on Wednesday proposed to double the deposit limit for Senior Citizen Savings Scheme to Rs 30...
Read moreGovt proposes changes in Banking Regulation Act, other laws to enhance investors’ protection
To improve bank governance and enhance investors' protection, Finance Minister Nirmala Sitharaman on Wednesday proposed certain amendments to the Banking...
Read moreNo bad news is good news; pvt capex will take one more year to revive: Bankers
Bankers welcomed Finance Minister Nirmala Sitharaman's budget proposals as being growth accretive, and hailed the focus on capital expenditure while...
Read moreRBI relaxes restrictions on SBM Bank India until March 15
The Reserve Bank on Tuesday relaxed the restrictions on SBM Bank (India) and allowed ATM/POS transactions under Liberalised Remittance Scheme...
Read moreGold loan NBFCs seek ‘priority’ sector status
Gold loan non-banking finance companies (NBFCs) have sought 'priority' sector status for eligible gold loans, including microloans, loans to farmers...
Read moreKeeping a tab on development related to Adani Group: PNB MD
Punjab National Bank (PNB), which has about 7,000 crore of exposure to Adani Group entities, said that it is not...
Read moreUnion Bank takes second shot at selling KSK Mahanadi loan account
Union Bank of India (UBI) has put its Rs 2,077 crore loan to KSK Mahanadi Power on sale for the...
Read morePunjab & Sind Bank aims at Rs 500 cr recovery from NPAs in Q4: MD
Punjab & Sind Bank managing director Swarup Kumar Saha has said the bank is expecting a Rs 500 crore recovery...
Read moreInsurance Bill may not be introduced in budget session
The government is likely to put on hold the Insurance Laws (Amendment) Bill, 2022, following demands from the industry for...
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