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Odisha reduces Kalia assistance to Rs 4,000 from Rs 10,000
The decision to reduce the Kalia assistance was taken after the Odisha government merged the Kalia scheme with the Centres Pradhan Mantri Kisan Samman Nidhi (PM-KISAN), launched in February 2019, officials said.
Nearly 3 per cent of Mudra loans turn into bad loans: Government
Loans are classified as MUDRA under the PMMY. The loans are given under thre...
MNRE misses capacity addition targets; 175 GW by 2022 in peril: Parliamentary Panel
The Parliamentary Standing Committee on Energy has also a...
IndyFint raises $2.1 million in Series A funding round
The former chief architect of Finacle, Paddy Padmanabhan, and Rajiv Kuchhal, a Bengaluru-based serial entrepreneur also participated in the round.
ET Explains: Inside RBI's plan to avert PMC Bank-like embarrassments
New policy measures were announced on Thursday to strengthen the regulatory framework at the UCBs.
Religare Finvest wants Shivinder Singh's bail be quashed
The Enforcement agency, in November had arrested Shivinder, his elder brother Malvinder and former people in top management of REL over charges of misappropriation of funds in Religare Finvest. They are facing charges of cheating, criminal conspiracy and criminal breach of trust.
51 absconders who left country defrauded over Rs 17900 crore; CBI probe underway: Government
The Central Bureau of Investigation has reported that as on date, 51 absconders and proclaimed offenders in 66 cases are known to have left for other countries.
LIC waives off charges on credit card payments
LIC has said that any credit card originated payments towards renewal premium, new premium, or repayment of loan and interest on loans against the policies will not attract any additional charges or convenience fee its parlance, from December 1.
Patanjali secures Rs 3,200 crore loan from banks to buy Ruchi Soya
"The company has already secured required total debt from a consortium of banks led by State Bank of India," Patanjali Ayurved Managing Director Acharya Balkrishna said in a statement. Patanjali also said it has got loans of Rs 1,200 crore from SBI, Rs 700 crore from Punjab National Bank, Rs 600 crore from Union Bank of India.
Home loan interest rates linked to repo rate
Here are the interest rate on home loans charged by the banks under the external benchmark regime. The interest rate is liked to the RBI repo rate. The table given below is applicable to salaried individuals and self-employed persons.
Xiaomi bets big on financial services in India
It has started talks with banks and more nonbanking financial companies to launch more services, having brought on board Aditya Birla Finance, Money View, EarlySalary, Zestmoney and CreditVidya.
Maharashtra to consider shelving Bullet Train project
Maharashtra's Maha Vikas Aghadi government will ascertain if mega-projects like the Mumbai-Ahmedabad Bullet Train can be shelved in view of a staggering Rs 6.71 lakh crore debt burden on the state, Minister Jayant Patil said here on Tuesday.
IT services, tech startups put India on route to AI: ETILC
For artificial intelligence and machine learning algorithms to run on big data, Indian companies require technology that will digitise and store data. Industry is now increasingly adopting this infrastructure. Since legacy systems are slow to change, they are the laggards.
Paytm payments bank eyes small fin model
Sharma said the payments bank will approach the government and the banking regulator for a small finance bank licence as it can leverage the model using technology enabled low-cost operations — a central theme of small finance banks, according to the RBI.
Sebi tightens disclosure norms on loan defaults for listed companies
The move comes just a day after the board of Sebi approved a decision in this regard.
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