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K KARAD
CPI(M) picks new leadership, several leaders step down on crossing age limitNew leaders have been elected to the Central Committee and Politburo of the CPI(M) at its 24th congress, with several senior members steppi...- Unclaimed deposits with banks rise by 28 pc to Rs 42,270 cr in FY23Replying to another question, Karad said quoting RBI data, gross non-performing assets (NPAs), including those associated with Prime Minist...
- About 20 pc of 51 crore Jan Dhan accounts inoperative: MoS FinanceAs per the Reserve Bank of India (RBI) guidelines, a savings as well as current account should be treated as inoperative/dormant, if there ...
- MoS Finance urges private banks to push government's financial inclusion programmesMinister of State for Finance Bhagwat K Karad has urged private sector banks to promote various financial inclusion programs such as Pradha...
- Centre directs banks, civic bodies to work in tandem on scheme for loans to street vendorsThe minister of state for finance also asked the municipal bodies to work in a 'camp mode' and mobilise fresh applications to achieve the t...
- Banks need to improve digitalisation and keep vigil on stressed asset: MoS FinanceKarad said banks should do timely recognition of non-performing assets and make adequate provisions so that the banking system remains heal...
- Financial inclusion push: Rs 23 lakh cr PMMY loans OKed in eight yearsBanks and other financial institutions have granted loans worth ₹23.2 lakh crore to over 408.2 million beneficiaries of the Pradhan Mantri ...
- India state-run banks' gross NPA eases to 5.53%; earn profit of Rs 70,167 cr in Apr-Dec FY23All state-run banks are in profit with aggregate profit being Rs 66,543 crore in 2021-22, and that further increased to Rs 70,167 crore in ...
- Treat customer as God: MoS Finance Bhagwat K Karad to banksWith regard to Kisan Credit Card (KCC), he urged banks, including BoM for expanding the reach of KCC scheme to more farmers and ensure time...
- Shaji K V takes over charge as NABARD ChairmanIn a separate reply, Karad said recently, all ministries/departments of the Centre have been asked to take action in 'Mission Mode', to fil...
- Govt not planning to introduce bill to facilitate privatisation of banks in monsoon session: MinisterIn the Union Budget for 2021-22, the government announced its intent to take up the privatisation of two PSBs (Public Sector Banks) in the ...
- Public sector banks sufficiently capitalised, says MoS Finance Bhagwat K KaradAs per inputs received from Reserve Bank of India (RBI), Capital to Risk-weighted Assets Ratio (CRAR) of PSBs has improved substantially ov...
- Bill to correct drafting error in NDPS Act introduced in Lok SabhaMinister of State for Finance Bhagwat Karad introduced the Narcotic Drugs and Psychotropic Substances (Amendment) Bill, 2021 that seeks to ...
- No proposal under consideration to reduce GST on health insurance premium: MoS Finance"The rate of GST is decided on the recommendations of the GST Council, which is a constitutional body comprising members from the central g...
- No proposal to merge public sector general insurance companies: MoS KaradThe government on Tuesday said there is no proposal as of now to merge public sector general insurance companies. There are four general in...
- India's fintech market to triple to Rs 6.2 lakh cr by 2025: MoS Finance KaradIndia provides a great ecosystem for Fintech development like access to bank accounts under the PM Jandhan Yojana, digilockers and scalable...
- Take advantage of Rs 50,000-cr loan guarantee scheme: MoS Finance Karad to healthcare sectorUnder the scheme, healthcare service providers can avail loans up to Rs 100 crore at an attractive interest rate of 7.95 per cent per annum...
- Bank NPAs decline to Rs 8.34 lakh cr at March-end 2021: MinisterScheduled commercial banks (SCBs) were carrying NPAs worth Rs 8.96 lakh crore on their balance sheet at the end of March 2020.
- Cartoonist R K Laxman turns 94Eminent cartoonist R K Laxman, who has turned 94, was felicitated by his friends and admirers at a function today.
- Will PM Narendra Modi try to upstage ex-Maharashtra CM Prithviraj Chavan on his home turf?Sources said the possibility of the BJP ending its state campaign with a rally in Karad has caught the Congress off-guard.
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