The RBI’s approach has prompted some bankers to raise the issue with ministry officials as they seek more leniency in the treatment of NPAs.
The reserves fell $1.44 billion in the week to January 8, taking the total fall in last fortnight to $3.22 billion.
Village Financial Services Managing Director Kuldip Maity said that the MFI would soon launch operation in Tripura and subsequently expand to Sikkim, Odisha.
Speculation suggests that ever since IntelleCash acquired majority share at Arohan, Sengupta had lost his grip over the company which he founded in 2006.
Michael Dell backed Arohan, a micro finance company that was taken over by IntelleCash Microfinance Network in 2012, has shown the door to its founder and chief executive.
The reserves, which act as a cushion against dollar outflows and provides the critical import cover, stood at $350.369 billion at the end of the reporting week, RBI said.
Jaitley said India needs to increase public spending into social infrastructure and rural sector to boost domestic demand in order to overcome the slump in consumer spending worldwide.
As nay-sayers persist being critical of Mamata's industrial policy, Mitra thinks investment is just a number; what matters most is the investment ecosystem.
When Rs 653 cr worth of FDI lands in the state coffers following a call to invest in the state, it serves as a beacon for all others to follow suit.
Insurance schemes such PMJJBY and PMSBY are aimed at bringing the unorganised sector and economically weaker population under social security net.
- No blogs yet have been written by the author, we’re sure the author will contribute one soon