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Exporters can take benefit under MEIS scheme till Dec 31: DGFT
Updated : 6 years, 6 months ago IST
New Delhi [India], Sept 14 (ANI): The country's exporters will get the benefit of the Merchandise Exports from India Scheme (MEIS) till December 31, said Director General of Foreign Trade (DGFT) Alok Vardhan Chaturvedi on Saturday.
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RBI reduces risk weight for consumer credit
Updated : 6 years, 6 months ago IST
New Delhi [India], Sept 13 (ANI): The Reserve Bank of India (RBI) on Thursday reduced the risk weight for consumer credit including personal loans to 100 per cent.
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RTI activist claims 2,480 cases of fraud in PSBs involving over Rs 31,800
Updated : 6 years, 6 months ago IST
Neemuch (Madhya Pradesh) [India], Sept 10 (ANI): An RTI activist from Neemuch town of the Malwa region has claimed that a total of 2,480 cases of fraud in public sector banks involving more than Rs 31,800 crore have been registered in the first quarter of current financial year 2019-20. Read More
Edelweiss teams up with SBI for co-origination of loans to MSMEs
Updated : 6 years, 6 months ago IST
Mumbai (Maharashtra) [India], Sept 5 (ANI): ECL Finance, a subsidiary of Edelweiss Financial Services, State Bank of India (SBI) have signed a co-origination agreement to increase access to credit for micro, small and medium enterprises (MSMEs).
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RBI makes it mandatory for banks to link retail and MSME loans to external
Updated : 6 years, 6 months ago IST
New Delhi [India], Sept 4 (ANI): The Reserve Bank of India (RBI) on Wednesday issued a circular making it mandatory for banks to link all new floating rate personal or retail loans and floating rate loans to micro, small and medium enterprises to an external benchmark.
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Cabinet clears Rs 9,300 crore capital infusion in IDBI Bank
Updated : 6 years, 6 months ago IST
New Delhi [India], Sept 3 (ANI): The Central government on Tuesday approved Rs 9,300 crore capital infusion into IDBI Bank to increase the lender's capital base.
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Edelweiss Group, Central Bank of India partner to co-lend to MSMEs
Updated : 6 years, 6 months ago IST
Mumbai (Maharashtra) [India], Sept 2 (ANI): ECL Finance, a subsidiary of Edelweiss Financial Services, and government-owned Central Bank of India have signed an agreement for priority sector lending to micro, small and medium enterprise (MSME) customers.
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Banks riddled with corruption oppress poor farmers, middle-class people: S
Updated : 6 years, 6 months ago IST
Mumbai (Maharashtra) [India], Aug 31 (ANI): The Shiv Sena on Saturday claimed that the "banks which are riddled with corruption" oppressed the poor farmers and middle-class people in the country with their "unrealistic" norms and rules.
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SC notice to Centre, RBI on plea to deposit demonetised currency notes
Updated : 6 years, 6 months ago IST
New Delhi (India), Aug 30 (ANI): The Supreme Court on Friday issued notice to the Centre and Reserve Bank of India (RBI) on a man's plea for a direction to allow him to deposit demonetised currency notes of Rs 500 and Rs 2,000 denomination totalling Rs 1.17 crore in any of his bank accoun
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Who is the guarantor allowing such big bank frauds: Priyanka on RBI report
Updated : 6 years, 6 months ago IST
New Delhi [India], Aug 30 (ANI): Citing Reserve Bank of India's (RBI) Annual Report 2018-2019, Congress leader Priyanka Gandhi on Friday questioned who is the guarantor under which such big bank frauds are being allowed.
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UP Deputy CM Keshav Prasad Maurya slams Rahul, Priyanka for targeting Cent
Updated : 6 years, 6 months ago IST
Lucknow (Uttar Pradesh) [India], Aug 28 (ANI): Uttar Pradesh's Deputy Chief Minister Keshav Prasad Maurya on Wednesday slammed Congress leader Rahul Gandhi for his remarks against the Central government on RBI approval of transferring money and stated that the Gandhi scion was 'infuriated du
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Instead of rhetoric, FM should tell why she needed Rs 1.76 lakh crore from
Updated : 6 years, 6 months ago IST
New Delhi [India], Aug 28 (ANI): Criticising Nirmala Sitharaman over her "rhetorical" and "non-serious" response, Congress leader Kapil Sibal on Wednesday said that the Union Finance Minister should tell the people why the central government needed Rs 1.76 lakh crore from the Reserve Bank of
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