The opening of the on-tap licensing window ticks one more item off Governor Raghuram Rajan’s to-do list before he ends his tenure next month.
The company said that subsidised rate scheme, called Prapti, is a step towards the government's effort to provide affordable houses to the urban poor by the year 2022.
“The strike has hurt treasury operations for many broking or bond houses, and cooperative banks which hold settlement accounts with state-owned banks.”
This is the first quarterly profit for the company after it got itself listed on the stock exchanges in May. Net profit for the June 2015 quarter was Rs 35 crore.
The bank, according to the sector regulator, opened current accounts to some account holders and provided them bill discounting facilities to them against the rules.
About 10 lakh bank employees and officers of all public sector banks, private banks and foreign banks will observe a full day all India bank strike on Friday.
Aadhar Housing, a Dewan Housing Group company, aims to disburse Rs 2,100 crore this fiscal, more than double of last year's disbursal of Rs 1010 crore.
Raghuram Rajan takes a jibe at his protesters, says governments should ignore motivated public criticism
Rajan said criticism of high interest rates stalling investments are not backed by evidence and bankers have also come on board to clean-up the system.
There has been a moderation in the number of upgrades in the first quarter of the fiscal -- 12% of surveillance cases were upgraded compared with 16% in year ago period and 18% in first quarter 2014-15.
The company’s marginal cost of borrowing continues to be at sub-10% level, helping it to offer micro loans at sub-20% level.
- No blogs yet have been written by the author, we’re sure the author will contribute one soon