Page-3 of Public Sector Banks (PSBs) Current Affairs, GK & News

Loans worth Rs 3,200 crores sanctioned under Atma Nirbhar Bharat Abhiyan

On June 2, 2020, the Public Sector Banks sanctioned collateral free loans that were worth Rs 200 crores. The complete Rs 200 crore sanction was done in a single day. Highlights The PSBs are set to sanction Rs 3,200 crores under Atma Nirbhar Bharat Abhiyan. This will benefit MSMEs (Micro, Small and Medium Enterprises) that ..

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Union Cabinet approves Interest Subvention on Short-Term Crop Loan to Farmers

The Union cabinet has approved the Interest Subvention Scheme (ISS) for farmers for the year 2017-18. The Government has allocated Rs. 20,339 crore for this scheme. Salient Highlights The objective of the scheme is to make available agricultural credit for Short Term crop loans at an affordable rate. The scheme is expected to boost agricultural productivity and ..

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Union Government to infuse Rs. 6,990 crore in nine public sector banks

Union Government is planning to infuse Rs. 6,990 crore in 9 Public Sector Banks (PSB’s) for enhancing their capital and meeting the global risk norms. In this regard, Government has allocated Rs.11,200 crore in the Union Budget 2014-15, for the first tranche of capital infusion in these banks. Capital infusion in PSBs was decided on ..

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