In December 2016, RBI had granted additional 60 days for repayment of certain loans
These banks are finding it hard to pick up seasoned bankers at the pay they are offering
The cost of production of onion is around 800-900 per quintal, while prices are hovering around 500 per quintal across major wholesale markets.
In Kolkata, there is a community of chartered accountants, and it is easy to find 'directors', who for Rs 5,000 will sign anywhere.
As Rose Valley resurfaces, Sudip Bandyopadhyay and Tapas Pal's arrests marks the end of the bonhomie between the TMC and BJP.
While its deposits from Iran accounts have come down from a peak of around Rs 25,000 crore to Rs 2,200 crore, it's been offset by the bank receiving almost Rs 24,000 crore in deposits post note ban.
In areas bordering Bangladesh, some have received strikingly high deposits in Jan Dhan accounts, said sources.
If struggling with dealing with queues of people asking for new notes wasn't enough, banks are now facing the challenge of storing the old notes in their strong rooms.
Work in mandis across UP and in northern India which till Tuesday, witnessed heavy arrivals of newly harvested paddy, saw a steep decline.
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.
Financial inclusion has been on the top of the govt's top agenda.
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