BNBs are bonds issued by NABARD. They are basically zero coupon bonds, meaning you don't get any interest on them.
Bharat Krishak Samaj demanded that the Pradhan Mantri Fasal Bima Yojana should be replaced with a new crop insurance and compensation scheme.
The finance ministry has proposed to decriminalise a host of minor offences, including those relating to cheque bounce and repayment of loans, in as many as 19 legislations to help businesses tide over the crisis caused by the coronavirus outbreak. The 19 legislations include Negotiable Instruments Act (cheque bounce), SARFAESI Act (repayment of bank loans), LIC Act, PFRDA Act, RBI Act, NHB Act, Banking Regulation Act and Chit Funds Act.
According to NABARD, around 60% of India's population lacks access to financial institutions.
Timely preparation and picking the right questions will help you crack these examinations and secure a job.
Amit Jaiswal, head of academics, MockBank.com shares expert advice with our young aspirants.
Commercial banks are also expected to be soft on loan repayments and restructure the loans, if not write them off.
Passengers can now look forward to enjoying home cooked local food supplied by self-help groups during their train journey.
In order to offer a level playing field to co-operative banks, the Reserve Bank of India (RBI) may allow them to use new products for raising funds from the debt market. The co-operative banks could come out with subordinate debt structures like tier-II bonds, tier-III bonds and upper tier-II or perpetual bonds to raise finance.
Manmohan Singh has mooted a 'specific financing window' for the ambitious Rs 174,000 crore Bharat Nirman Programme aimed at giving a new deal to rural India.
There were instances of 'rasta roko' at various places in rural Maharashtra
Strongly advocating reforms in all segments of agriculture, the government on Friday said it will take up with Nabard its plans to double the rural credit in the next three years.
The crop is currently trading at Rs 22 a kg compared to Rs 12.50 one month ago.
Finance Minister P Chidambaram on Tuesday said India's farm sector needs to grow by 3-4 per cent for the economy to sustain a high 8 per cent growth.
In a major ruling, the Supreme Court has held that the RBI cannot grant banking licence to cooperative societies registered under Multi-State Act without the NABARD declaring it as a state, central or primary cooperative bank.
It can be an useful tool in achieving the objective of Pradhan Mantri's Jan Dhan Yojana
Banks cannot shirk their responsibility in cases of frauds.
Bihar Chief Minister Nitish Kumar on Wednesday lamented that a section of people start "chanting" 'Jungle Raj' after every incident of crime in the state and said the government has decided to set up a battalion for safeguarding banks and other such establishments.
In all, 14 unions representing bank employees and officers will be supporting the day-long stir.
Such cold-shoulder by banks also indicates a credit freeze that is hard to overcome, unless the government comes out with credit guarantee schemes for loans given by banks. Since that is not happening, and there is no indication of that too, banks are not willing to listen to RBI prodding.
Reserve Bank of India Governor Shaktikanta Das on Friday said the central bank will ensure adequate liquidity in the system to ease the financial stress caused by the Covid-19 pandemic. The central bank reduced the reverse repo rate -- the rate at which banks park their fund with the central bank -- by 25 basis points to 3.75 per cent.
As CAB was tabled in Lok Sabha, West Bengal CM said she will never allow NRC in the state.
India Inc very keen to do business in Gujarat.
Expressing his satisfaction over the government's move to slash fiscal deficit target, Das said it will help improve investment by the private sector as crowding out impact will be less.
The Budget emphasises on capacity building and empowerment of marginalised sections of society including farmers.
Tamal Bandyopadhyay offers some unsolicited advice for a government wh,ich came to power, with brute majority and the nation's pragmatic chief money man.
Reserve Bank is scheduled to announce its bi-monthly monetary policy on August 3.
MUDRA Bank will have a corpus of Rs 20,000 crore.
The scheme, which would give Rs 6,000 to small farmers in a year or Rs 500 a month, will add more money to the account of these cultivators than the money he/she saves every month on an average.
Budget speeches have been replete with incomprehensible and even hilarious statements, says Rathin Roy.
Finance Minister Arun Jaitley on Monday presented the Union Budget for 2016-17.
Banking services across the country were hit on Wednesday by the day-long strike by 10 central trade unions and 14 bank unions, but workers of largest lender SBI and a few other banks stayed off the agitation.
The Monsoon Session of the Lok Sabha was adjourned sine die on Friday after 19 sittings that saw the passage of 14 legislation while Rajya Sabha came to an end after passing nine bills.
PM's announcement were focused on those most affected by the note ban.
The farming community expects much more substance from the government, Ajay Vir Jakhar.
The government has asked the Indian Banks' Association to make sure that IDBI Bank's wages are on a par with other banks.
Past experience shows loan waivers benefited only 30% of India's farmers; here again, the richer cultivator skimmed the cream, leaving very little for his poorer brethren.
The Union Budget 2016-17 has cheered the NBFC sector
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances