Topic: Bank
Restructuring and loan drive for MSMEs
The state owned public sector banks are to hold a month long drive to provide relief to the small businesses (MSMEs) through loans and restructuring options. The outreach...Axis Bank launchs a short-term online fixed deposit product “Express FD”
Axis Bank has launched a short-term online fixed deposit product ‘Express FD’ that allows a customer to open a FD account in 3 minutes through the digital mode...Airtel Payments Bank launches ‘Bharosa savings account’
The Airtel Payments Bank has launched the Bharosa Savings Account to deepen the financial inclusion in the country. It has been designed to serve the unique needs of...
RBI proposes setting up of web portal for quick Agri Loans
The report of the RBI Internal Working Group to Review Agricultural Credit has recommended the Indian Banks’ Association to introduce a web portal on the lines of PSB... RBI increases banks’ loan exposure limit to single NBFC
The Reserve Bank of India (RBI) has increased loan exposure limit of banks to a single NBFC. This is expected to help increase credit supply to the crisis-ridden...Madhya Pradesh government to set up a Time Bank
The Happiness Department of Madhya Pradesh government has decided to set up a Time Bank that would lend currency to an hour, which could be exchanged to learn...TN Manoharan heads Committee on Secondary Markets
The 6-member RBI task force, headed by Canara Bank Chairman TN Manoharan, has recommended the setting up a Self-Regulatory Body (SRB) of market participants to finalize details for...
