[ad_1] The central government has announced an economic package that supposedly represents about 10 percent of India’s gross domestic product (GDP). GDP is a measure of the economic size of a country. India’s GDP is around Rs 200 lakh crore. This is how 10 percent of that results in Rs …
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[ad_1] Finance Minister Nirmala Sitharaman announced measures worth Rs 75 billion for non-bank, mortgage lenders and microfinance financed by the lack of liquidity as part of the government’s economic rescue package. The government has allocated Rs 30 billion to buy investment grade debt from non-bank financial companies (NBFC), home finance …
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[ad_1] The government on Wednesday launched a life preserver to the stressed shadow Indian banking sector with an announcement of a Rs 45 billion liquidity infusion through a Partial Credit Guarantee Scheme (PCGS) 2.0 for non-bank financial companies ( NBFC) Union Finance Minister Nirmala Sitharaman made the announcement as part …
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[ad_1] The Union Finance Ministry said Tuesday that public sector banks (PSBs) sanctioned ₹$ 5.95 trillion in loans to small businesses, retailers, agriculture and corporate sectors between March 1 and May 8. “PSB sanctioned loans for value ₹5.95 trillion for more than 467,400 MSMEs accounts (micro, small and medium-sized companies), …
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[ad_1] The Reserve Bank of India (RBI) has indicated that it will relax banks in branch audit for 2019-20 as they face branch network management challenges due to blocking of the coronavirus. RBI Governor Shaktikanta Das met Saturday with the heads of major banks, both public and private, in two …
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