The nationwide campaign was launched by Minister of Agriculture and Farmers Welfare Narendra Singh Tomar, PNB said in a statement. The campaign is centred on four key themes -- digital, credit, social security and financial literacy that will encapsulate various activities and prescribes the cherished theme of 'Aatmanirbhar Bharat', it said.
All Non-Resident Indians (NRIs) and Persons of Indian Orgin (PIO) based in London, Singapore and Middle East can look forward to own their dream home in India through just a click by viting the website.
LVB had set off FDs of Rs 750 crore as recovery for loans given to the erstwhile promoters and their private entities without authorisation, Religare Enterprises Chairperson Rashmi Saluja said.
The global private equity major added that the investment will be a combination of primary fundraising and secondary sales by existing shareholders True North and Bessemer Venture Partners.
State Bank of India announced the appointment of Charanjit Attra as its new chief financial officer, the lender said in an exchange filing. Attra is one of SBI’s latest lateral hires and will report to J Swaminathan, deputy managing director of the finance department.
The committee of directors (CoD) will be constituted with Iyer as chairman and G Rajagopalan Nair and P K Vijayakumar as its members, RBI said.
The scheme is the biggest fiscal component of the Rs 20-lakh crore Aatmanirbhar Bharat Abhiyan package, announced by Finance Minister Nirmala Sitharaman in May to mitigate the distress caused by the lockdown due to COVID-19 by providing credit to different sectors, especially micro, small and medium enterprises (MSMEs).
Sitharaman asserted that there is no point in banks claiming that they have pan-India presence when in some pockets, where Hindi does not work, their executives still need to learn native language to serve the customers.
Initially, the company started participating in tenders of Rs 25 crore and gradually started getting orders from various state electricity boards. The company has been doing business with State Bank of India since 2006 with an initial credit limit of Rs seven crore, which was increased to Rs 243 crore within four years.
“With the code in place, non-repayment of loan is no more an option and ownership of the firm is no more a divine right and equity is no more the only route to own a firm,” Murmu said, during an event commemorating the fourth annual day of the Insolvency and Bankruptcy Board of India (IBBI).
The bank attained a total customer base 3.6 crore and completed over Rs 38,500 crore financial transactions cumulatively until September 15, the bank said in a release. IPPB launched its operations just two years ago. In August last year, it had crossed the milestone of one crore customers.
The agency also shared collection data for NBFCs for April-August, which showed collections for wholesale segment at under 40 per cent, while the same for home loans and gold loans was highest at around 90 per cent each.
Chairman Rajnish Kumar said the new approach involves giving solutions to a variety of needs of the corporates and their stakeholders like supply chain vendors, distributors and employees.