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PSU BANK OUTREACH
EASE reforms supported PSU banks in advancing 'Viksit Bharat' vision: IBA chief executiveEASE reforms have significantly bolstered public sector banks, enabling them to contribute to India's Viksit Bharat vision through enhanced...- ICICI Bank, SBI among top picks which could give over 20% returns in 2025Despite challenges in unsecured retail and microfinance segments, the banking sector’s outlook remains positive, supported by robust fundam...
- MSMEs will get collateral free loans of upto Rs 100 cr through a new credit assessment model by PSU banks: FMFinance Minister Nirmala Sitharaman announced a new credit guarantee scheme for MSMEs, offering collateral-free loans up to Rs 100 crore. T...
- Defence stocks fly high on strong order books, export potentialSwelling order books from the ministry of defence have caused defence stocks to surge. With comfortable valuations, better outlook on profi...
- Budget 2022: Fintech industry hopes for incentives to push financial inclusionhe fintech industry and experts have urged Finance Minister Nirmala Sitharaman to lower the TDS rates, saying such a move would free the ca...
- FM Nirmala Sitharaman asks PSU banks to focus on MSME outreachSitharaman asked banks to cut down on paperwork and keep the formalities simple for the sector, the Department of Financial Services tweete...
- Syndicate Bank improving on delivery mechanism for second phase of outreach programme: Mrutyunjay MahapatraWe are extending loans to commercial and second-hand vehicles and also services MSMEs.
- FM Nirmala Sitharaman to meet CEOs of PSU banks on MondayThe meeting is expected to review fund flow to stressed NBFC and MSME (micro, small and medium enterprises) sectors, sources said.
- Revival of NBFC sector linked with revival of real estate sector: Tamal BandyopadhyayFear of the unknown has gripped the financial system now.
- MSMEs maintain positive credit growth: ReportLow credit penetration, push towards formalisation of economy, and a gradual shift in the focus of banks and NBFCs towards this segment pro...
- Vijaya Bank, Dena Bank eye mergerVijaya Bank and Dena Bank are said to be discussing synergies and the boards of both banks are discussing pros and cons of such a move.
- CVC ropes in PSUs, banks for awareness against corruptionWhile 'Awareness Gram Sabhas' would suffice in rural areas, in urban areas, the public can also be engaged in discussions about corruption ...
- Niti Aayog readies report on PSU banks consolidationNITI Aayog report on merger and consolidation in public sector banks is expected in a month," a senior Finance Ministry official said.
- Arun Jaitley banks on improved government support for stronger performance of banksJaitley pointed out that not only are the banks being empowered, the cause of the stress in each of these sectors are being addressed.
- Only 6% of Indians adults have borrowed from formal institutions: Sucharita Mukherjee, IFMR HoldingsMukherjee says that pension penetration is estimated to be around 1% while savings penetration is at 7% for the poorest 40% of India.
- Finance Ministry to set up high-level panel to tackle NPAsConcerned over mounting bad loans, the government is planning to set up a high-level panel to effectively deal with the issue, said a senio...
- Listed PSUs should interact regularly with investors: Department of DisinvestmentThe official said that the DoD can facilitate meetings between a PSU and merchant bankers so that company officials can go and meet investo...
- EPFO planning housing scheme for members: Labour MinisterRetirement fund body EPFO is considering a scheme for its subscribers so that they are able to own a house by retirement, Labour Minister B...
- Govt, RBI working to lower banking costs, expand reach: FMExpressing concern over high costs and limited reach of banking services, FM said that the government was working in collaboration with RBI...
- SBI’s MAC to finance farmers against receivablesThe aim for the bank is to cross sell its product portfolio into the rural areas using the locally available organised sector.
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