Cryptocurrencies like bitcoin use cryptography to secure transactions.
Banks, with deficit in priority sector loans, are allowed to buy PSLCs from banks with surplus on a Reserve Bank of India platform.
If NCLT passes order for liquidation, stakeholders and lenders of the Kolkata-based firm may get a month’s time to submit their claims.
Bandhan bank, which is planning initial public offer next year, has also cut deposits rates by 10 basis for maturities over six months.
The lender said it is in discussion with a dozen of white goods makers for expanding its financing options and formalisation of these talks is likely to happen after Diwali.
Unlike banks, which have multi products and an assured deposit base, micro lenders are dependent on markets for funds, which turn hostile at the smallest of events.
Bandhan has so far supported 56000 families through its flagship Targeting Hardcore Poor (THP) programme, which was launched in 2006 with World Bank's funding of $25000.
The institute will impart leadership training to people in the mid-managemnet level and above with thrust on risk mitigation, banking regulation and technology.
World Bank's invest arm IFC sold a part of its holding in Utkarsh -- 4.9 per cent -- to Switzerland-based responsAbility Investments AG in August.
SBI Card, now the second largest issuer of credit cards after HDFC Bank, is looking to tap SBI’s customers aggressively with an aim to double its base to one crore.
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