Economic history of Italy Current Affairs, GK & News

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 program was launched by the central government in December and is to last till January 6, 2020. The banks are provide working capital for these MSMEs and ..

Topics: Bank • Banking • Economic history of Italy • Economy • Financial services • Loans • Money • Small and medium-sized enterprises

RBI liberalises norms for the Gold Monetisation Scheme

The Reserve Bank of India (RBI) has liberalised the norms for Gold Monetisation Scheme and has directed all lenders to promote and publicise the Gold Monetisation Scheme (GMS) from their branches. This underscores the intent of the RBI to make the Scheme a success. Changes brought in by the RBI The changes brought in by ..

Topics: Bank • Bank deposits • Banking • Deposit • Deposit account • Economic history of Italy • Economy • Finance • Financial services • Reserve Bank of India • The Gold (Control) Act • Time deposit

Punjab & Sind Bank sets up a centralized hub Cen-MARG to process retail and MSME loans

The Punjab & Sind Bank has set up the Centralised MSME & Retail Group (Cen-MARG) for credit facilities at its head office in New Delhi. Now, all MSME and retail credit approvals will be performed at this centralised set up. This will help branches focus better on lead generation for retail and MSME lending and ..

Topics: Bank • Banking • Economic history of Italy • Economy • MARG • Retail

‘FSS Voice Commerce’ Real-Time Voice Banking Platform launched

FSS (Financial Software Services) has unveiled ‘FSS Voice Commerce’ which is a real-time voice banking platform to provide customers with personalized banking interactions. This platform uses machine-learning language processing techniques for analysis and synthesis of language and speech to deliver the service. It will interface with any retail banking system to provide real-time information of ..

Topics: Bank • Banking • Economic history of Italy • Economy • Financial services • Money • User interface techniques

RBI asked Banks to disclose IL and FS NPA details in results

The Reserve Bank of India has asked banks and financial institutions to disclose the NPA stemming from their exposure to troubled infrastructure conglomerate Infrastructure Leasing & Financial Services Limited and its group entities in their upcoming results. New directions are as per the order of the National Company Law Appellate Tribunal, which asked banks not ..

Topics: Bank • Banking • Economic history of Italy • Economy • Finance • Financial services • Infrastructure Leasing & Financial Services • Infrastructure Leasing & Financial Services Limited • Reserve Bank of India

A third of Scottish banks lost

Since 2010, around a third of the scottish banks have been closed. This raises concerns about people’s access to cash. An analysis found that 610 banks were closed between 2010 and 2018. Edinburgh has most of the banks closed, cutting the numbers from 135 to 30. With the rise in digital payments, cash is still ..

Topics: Bank • Banking • Cash Flow • Economic history of Italy • Economy • Finance • Money • Payment systems