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1-10 results from 1000 for query «credit»

17 June, 2018 3:33 PM NABARD to lend Rs 21,000 crore to Madhya Pradesh in current fiscal

In the last three years, NABARD has given Rs 2,000 crore every year to the Madhya Pradesh government for works related to roads, bridges and irrigation. A senior official of National Bank For Agriculture And Rural Development (NABARD) today said that NABARD would give Rs 21,000 crore to the Madhya Pradesh government in the current financial year. Speaking 23

15 June, 2018 6:19 PM Online fraudsters arrested in Khammam

Duped credit card-holders into revealing security details The Khammam three-town police busted a five-member gang of online fraudsters accused of duping several credit card and debit card holders, conducting fraudulent transactions after tricking users into revealing security details of bank accounts. A police team nabbed the five, all hailing from Kadapa 35

14 June, 2018 5:05 PM Additional capital to aid growth in rural areas: HDFC

‘Decision bodes well for investment climate, foreign inflows’ Private sector lender HDFC Bank said on Thursday the capital it plans to raise would be mainly to support growth in semi-urban and rural areas. On Wednesday, the government approved the lender’s proposed ₹24,000 crore capital plan. Since this was an FDI proposal in excess of ₹5,000 crore not under 33

14 June, 2018 4:47 PM Twenty ED rank officers to vie for CEO positions at 12 state-run banks

About 40 GM candidates short-listed for 19 executive director level vacancies With a dozen vacancies arising in the top posts of public sector banks (PSBs) in 2018-19, the Bank Board Bureau (BBB) has finally started the process of selecting the candidates. Twenty executive director rank officers from PSBs have been called for an interview scheduled for this month 30

13 June, 2018 1:26 PM HDFC Bank gets Cabinet nod to raise Rs 24,000 crore as FDI

The Union Cabinet on Wednesday approved foreign direct investment (FDI) worth Rs 24,000 crore for HDFC Bank. This is including the premium, over and above the previous approved limit of Rs 10,000 crore, such that the composite foreign shareholding in the bank shall not exceed 74 percent of the enhanced paid-up equity share capital of the bank, said Finance 31

12 June, 2018 4:40 PM Govt approves 33% increase in carpet area of houses under PMAY-U

The government has approved a 33-percent increase in carpet area of houses eligible for interest subsidy under its affordable housing scheme Pradhan Mantri Awas Yojana-Urban (PMAY-U) to attract more beneficiaries, the Housing and Urban Affairs (HUA) Ministry said. The carpet area of a house has been enhanced to 160 sq m from 120 sq m for Middle Income 31

12 June, 2018 1:59 PM Government Extends GST Refund Drive Till June 16

New Delhi: The government on Tuesday extended the special fortnight-long drive to process pending GST (Goods and Services Tax) refunds by two more days till June 16. It said that refunds worth over Rs 7,500 crore were already sanctioned as a part of this drive till now compared to Rs 5,350 crore sanctioned in the earlier drive which lasted from March 46

11 June, 2018 5:09 PM Reserve Bank aims to tighten working capital loan norms

Proposes at least 40% loan component in credit of ₹150 cr. and above from Oct. 1 The Reserve Bank of India (RBI) has proposed a minimum 40% loan component for working capital funding of ₹150 crore and above to bring in greater credit discipline and improve monetary transmission. According to draft guidelines, the RBI has proposed that the loan component 35

11 June, 2018 5:05 PM ‘Govt. set to unveil ₹500 cr. credit enhancement fund’

To aid insurance, pension funds’ infrastructure investments The government is set to unveil a ₹500-crore credit enhancement fund next month to facilitate infrastructure investments by insurance and pension funds, a senior Finance Ministry official said. “India is launching a dedicated fund, may be next month, to provide credit enhancement for infrastructure 35

6 June, 2018 11:07 AM Urban cooperative banks now have a chance to become small finance banks

Based on recommendation made by the High Powered Committee in August 2015, the central bank has decided to allow voluntary transition of Urban Cooperative Banks (UCBs) into Small Finance Banks (SFBs). Based on recommendation made by the High Powered Committee, the Reserve Bank of India (RBI) on Wednesday decided to allow voluntary transition of Urban 44