August 26, 2021 1:59 am
The team of officials was briefed on functioning of CCC 2.0 along with other initiatives including Gunotsav 2.0, Praveshotsav 2.0, school accreditation, online attendance, school readiness, teachers’ readiness survey taken by education department in last three years.
September 10, 2020 12:38 am
“We are now preparing a B2B platform called Bharat Craft and the work has started. The vision is that we will bring together all MSMEs and businesses on this platform with an on-the-spot facility to finance the receivables,” he said, at an event organised by ET BFSI.
August 01, 2020 12:55 am
Bankers are worried that loan restructuring, if allowed, will be misused by corporates.
July 15, 2020 6:32 am
“The measure is expected to save Rs 1,000 crore through cost optimisation and will be a key component of our business continuity during the times of COVID-19,” SBI Chairman Rajnish Kumar said at SBI’s virtual annual general meeting.
July 11, 2020 2:27 am
SBI Chairman Rajnish Kumar said borrowers in general are cutting their liabilities and that SBI has been seeing loan repayments even from those accounts that were overdue.
June 28, 2020 12:40 am
Rajnish Kumar said that evolution of digital technology at banks will play a big role in easier lending to MSMEs as it is making it easier for banks to verify the credentials of MSMEs and is making the assessment easy. “
May 14, 2020 12:39 am
Banks which were pressing for a guarantee from the government to lend money to NBFCs despite the Reserve Bank of India opening a liquidity window for NBFCs and microfinance firms have welcomed the government guarantee announced in the stimulus package.
February 21, 2020 4:46 am
Banks can then avail reimbursement of the subsidised interest from the Reserve Bank of India (RBI).
February 16, 2020 1:34 am
SBI Chairman Rajnish Kumar said not just lenders, but the entire ecosystem would have to “pay the price” if any telecom firm went bankrupt.
February 02, 2020 12:18 pm
The government move is expected to instill confidence among depositors as the proposal will increase the safety of the money deposited in banks. The bank deposits are insured under the Deposit Insurance and Credit Guarantee Corporation Act.