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Economy

India's export up by 3.79% YoY; engineering goods, garments, handicrafts perform well

India's export up by 3.79% YoY; engineering…

New Delhi, Feb 11 (KNN) India’s exports rose by 3.79 per cent on a year-on-year basis, with improvement in performance from sectors like engineering…
FM for sympathetic approach to genuine bank borrowers

FM for sympathetic approach to genuine bank…

New Delhi, Feb 10 (KNN)  Finance Minister P Chidambaram said today banks must be stern with wilful loan defaulters but should be sympathetic to those…
RBI seeks comments on proposed e-payment system

RBI seeks comments on proposed e-payment system

Mumbai, Feb 8 (KNN) The Reserve Bank of India (RBI) has released a draft technical report on making electronic payment system effective in order to ensure…
Medium scale firms among those showing lowest credit deployment

Medium scale firms among those showing lowest…

New Delhi, Feb 7 (KNN)  Credit deployment in the medium scale enterprises remains in the negative in the current financial year up to November reflecting…
RBI authorises four non-bank entities to set up White Label ATMs

RBI authorises four non-bank entities to set…

Mumbai, Feb 7 (KNN) With the view to deploy more ATMs in the semi-urban and rural areas of the country, the Reserve Bank of India (RBI) has issued 'certificate…
Yes Bank to significantly raise SME portfolio

Yes Bank to significantly raise SME portfolio

Mumbai, Feb 6 (KNN)  Leading private sector lender, Yes Bank is working on a plan to increase its SME portfolio, taking share of the business to small…
AP SMEs lament the absence of exit policy; make desperate SOS call to banks

AP SMEs lament the absence of exit…

Hyderabad, Feb 6 (KNN)  Issuing an SOS call, the Federation of small and medium enterprises of Andhra Pradesh (FSME-AP) has sent a memorandum to the Andhra…
RBI introduces new Export Data Processing and Monitoring System for forex dealers

RBI introduces new Export Data Processing and…

Mumbai, Feb 5 (KNN) With a view to simplifing the procedure for filling various returns and for better monitoring, the Reserve Bank of India (RBI) has developed…
RBI relaxes third party import export payment

RBI relaxes third party import export payment

Mumbai, Feb 4 (KNN) The Reserve Bank of India (RBI) today relaxed rules governing third party payments for export and import transactions through authorized…
Govt rolls out Rs 1400 cr loan subsidy for rural women self-help groups

Govt rolls out Rs 1400 cr loan…

New Delhi, Feb 4 (KNN) Rolling out the Rs 1,400 crore interest subvention on loans taken by SHGs, the government has announced that it would provide loans…