Tag Archives: encourages

[ad_1] MUMBAI / NEW DELHI : The Indian government has stepped up efforts to push state banks to boost lending and has required lenders to submit a daily report detailing the volume and scale of sanctioned loans, according to industry sources and documents seen by Reuters. The finance ministry, in …

[ad_1] MUMBAI: Three weeks after it presented its first package on March 27 for an economy hit by the Covid-19 pandemic, the Reserve Bank of India sought on Friday to guarantee the solvency of companies and small non-bank lenders during the extended closing period by making funds available to NBFCs. …