-The Hindu Business Line To target farmer customers in the hinterland looking for adoption of farm mechanisation State Bank of India (SBI) has signed a master agreement with Adani Capital for co-lending to farmers for purchase of tractor and farm implements, to increase efficiency in farm operations and productivity of crops. Adani Capital is the non-banking Finance company (NBFC) arm of Adani Group. Please click here to read more. ...
More »SEARCH RESULT
Total Matching Records found : 4947
Big Defaulters: When RBI Declines To Reveal to Parliament Details of Written-off Loans of Big Corporates
-MoneyLife.in While lenders harass individual or small borrowers to the point of even releasing the borrowers’ photos to the press for publishing them, it appears that big corporate defaulters are bestowed with immunity from such humiliation. They are a protected species. In fact, Reserve Bank of India (RBI) even declined to reveal to the Lok Sabha the details of loans written off of major corporates. In a written reply, Dr Bhagwat Karad,...
More »Rs.10,000 crore more for MGNREGA scheme -Priscilla Jebaraj
-The Hindu However, the job scheme’s balance sheets remain in the red in 24 States, UTs. The Finance Ministry has allocated additional funds of ₹10,000 crore as an interim measure for the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) scheme after it ran out of funds allocated in the budget, according to the Ministry of Rural Development (MoRD). More funds may be forthcoming based on the “assessment of demand,” added the...
More »RBI imposes severe restrictions on this bank, imposes Rs 1,000 cap on withdrawals — check details
-PTI/ Financial Express As per the directions, the bank shall not, without the prior approval of the RBI, grant or renew any loans and advances, make any investment, incur any liability, and disburse or agree to disburse any payment. The Reserve Bank of India (RBI) on Friday imposed several restrictions on Laxmi Cooperative Bank Ltd, Solapur, including a Rs 1,000 cap on withdrawals for customers, due to deterioration in its financial position. The...
More »India demands $1 trillion as ‘climate Finance’ -Jacob Koshy
-The Hindu India’s NDCs are subject to the availability of this amount in climate Finance, says key negotiator India has demanded a trillion dollars over the next decade from developed countries to adapt to, and mitigate, the challenges arising from global warming, and has kept this as a condition for delivering on climate commitments made by Prime Minister Narendra Modi, a senior official who is part of ongoing climate agreement negotiations in...
More »
