Page-2 of Financial Institutions

Proceeds from Disinvestments exceeds Target

The proceeds from the disinvestments have exceeded the disinvestment target for the fiscal 2018-19 by Rs 5,000 crore taking the total proceeds to Rs 85,000 crore against the targeted Rs 80000 Cr. Disinvestments Disinvestment refers to the process of public asset ..

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Banks, FIs ink inter-creditor agreement for faster NPA resolution

Banks and Financial Institutions (FIs) have signed Inter-Creditor Agreement (ICA) aimed at faster resolution of stressed assets of Rs. 50 crore or more which are under consortium lending. It has been signed by 22 public sector banks, 19 private sector ..

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Women Entrepreneurs Platform: NITI Aayog signs SoI with Financial Institutions & Social Organisations

NITI Aayog’s Women Entrepreneurs Platform (WEP) has signed five separate Statement of Intent (SoIs) with Financial Institutions & Social Organisations to create opportunities and support women entrepreneurs. These organisations are Shri Mahila Sewa Sahakari Bank Limited, Indiabulls Housing Finance Limited, ..

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Bancassurance

Bancassurance, a term coined in the early 1990s, refers to the practice of financial institutions integrating the selling of banking and insurance products through a common distribution channel. This innovative approach capitalizes on the trust customers have in their banking ..