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Economy

Small vs large banks, RBI initiates debate

Small vs large banks, RBI initiates debate

New Delhi, Aug 29 (KNN)  In a debate on small banks versus large banks, a Reserve Bank of India (RBI) discussion paper has said that small local banks…
MPs want banks to be soft towards MSME loan defaulters

MPs want banks to be soft towards…

New Delhi, Aug 29 (KNN)  Some of the members of parliament (MPs) have asked the Finance Minister P Chidambaram to direct banks to follow a soft approach…
Country facing difficult economic situation: PM

Country facing difficult economic situation: PM

New Delhi, Aug 29 (KNN)  Given the depleting value of the rupee which has set alarm bells ringing across the country, Prime Minister Manmohan Singh admitted…
Banks eyeing MSMEs as lean times hit big corporates

Banks eyeing MSMEs as lean times hit…

New Delhi, Aug 27 (KNN)  With a large number of big corporates battling slowdown, more and more banks are eyeing the micro, small and medium enterprises…
RBI increases rate of interest subvention from 2 to 3% on export credit

RBI increases rate of interest subvention from…

Mumbai, Aug 27 (KNN) The Reserve Bank of India (RBI) has increased the rate of interest subvention from two to three per cent on pre and post-shipment rupee…
Demand for exports sops to MSMEs to be placed before Board of Trade

Demand for exports sops to MSMEs to…

New Delhi, Aug 26 (KNN) India can lower its trade deficit if the government promotes production of capital goods and incentivizes value added products besides…
Rupee scare overplayed; pegging levels done by reckless people: ASSOCHAM poll

Rupee scare overplayed; pegging levels done by…

New Delhi, Aug 24 (KNN) The scare around depreciation of rupee has been over-played so much so that it completely over-awed the Reserve Bank of India (RBI)…
No dues certificate not required from farmers for small loans upto Rs 50,000

No dues certificate not required from farmers…

New Delhi, Aug 24 (KNN)  Small loans to the tune of Rs 50,000 to small and marginal farmers amongst others will henceforth not require a no dues certificate. …
28 banks fail to achieve priority sector lending

28 banks fail to achieve priority sector…

Mumbai, Aug 24 (KNN) As many as 28 banks, including 16 from the public sector, have failed to achieve the 40 per cent target of overall priority sector lending…
Online EPF claim transfer soon

Online EPF claim transfer soon

New Delhi, Aug 23 (KNN) The Employees Provident Fund Organisation, India’s retirement fund manager, today said it will soon unveil an online transfer…

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