With over Rs 15,000 crore in deposits, its strategy is a hit for now, but the real test will come when it starts lending to retail and corporate customers in a big way
These banks need to build a significant deposit base to start full-fledged banking.
The state is now under pressure to revise the salaries of its 800,000 employees, which would add to the strain of an already debt-laden state exchequer.
According to the draft, in the northeastern states the threshold is at Rs 500,000.
The two states account for 24% of total accounts opened under financial inclusion scheme.
'West Bengal is an industry-friendly state.'
Notably, the present government has been vociferous about the high debt it inherited from the Left Front government
Khardah is no ordinary constituency. It is the electoral battleground of two economists-turned-finance ministers.
Nandigram today is a conglomeration of model villages fenced by its greenery.
Enthused by India's financial inclusion drive, US-based Accion, one of the biggest micro finance organisations in the world, has renewed its focus in India. Michael Schlein, bottom, left, chief executive officer of Accicon, tells Namrata Acharya in an email interview the Wall Street and Silicon Valley are eager to participate in opportunities presented by the issuance of the small finance and payment bank licences, the expanded banking correspondent opportunities, and the Jan-Dhan Yojna.
The state-owned airport authority is conducting a techno-feasibility study.
Financial inclusion has been on the top of the govt's top agenda.
The DGCA probe detected serious issues related to safety oversight.
There is no clarity on the stand taken by the PM on many issues plaguing the aviation sector
From January-March this year, 64,000 jobs were created in eight crucial sectors of the economy.
China accounts for more than one-third of the apparel export market
The full-service airline has faced multiple challenges in its run.
The strike was supposed to affect about 23 million passengers.
There have been several occasions when workers have raised an industrial dispute with employers demanding compensation for being retrenched due to continued illness
Dalhousie square has close to 55 historic landmarks.
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