India’s first sentiment index “CriSidEx” for micro and small enterprises launched

Arun Jaitely, the Union Finance Minister, has inaugurated India’s first sentiment index “CriSidEx” for micro and small enterprises in New Delhi. CriSidEx, which is developed jointly by SIDBI and CRISIL, is a composite index based on a diffusion index of ..

NABARD signs pact with SBI to promote Joint Liability Groups in Bengal

The State Bank of India (SBI) and NABARD have signed an agreement with 5 NGOs in Bengal for the promotion of 2,500 Joint Liability Groups (JLGs) in select districts of the State on January 2, 2018. JLGs are informal groups ..

NK Singh to be chairman of 15th Finance Commission

Under the chairmanship of NK Singh, who is the former bureaucrat and ex-Member of Parliament, the 15th Finance Commission has been constituted by the Union Government. The Commission will make recommendations for the five years commencing 1st April 2020. It ..

Reserve Bank of India (RBI) released its 4th bi-monthly monetary policy statement for year 2017-18

The Reserve Bank of India (RBI) has recently released its 4th bi-monthly monetary policy statement for the year 2017-18. As per the monetary policy statement, the policy repo rate under the Liquidity Adjustment Facility (LAF) has remain unchanged at 6%. ..

Rajnish Kumar appointed as new chairman of State Bank of India (SBI)

Rajnish Kumar, the Managing Director of SBI, has been appointed as the new chairman of the State Bank of India (SBI) for a period of three years. He will succeed Arundhati Bhattacharya, whose tern is going to end on October ..

The Ujjivan Small Finance Bank (SFB) Ltd received ‘Scheduled Bank’ status by RBI

The Ujjivan Small Finance Bank (SFB) Ltd, a wholly-owned subsidiary of Ujjivan Financial Services Ltd., has been included in the Second Schedule to the Reserve Bank of India (RBI) Act, 1934. With this, Ujjivan SFB has attained the status of ..