The original idea was to replace the existing schemes for scheduled castes and tribes.
Overall, small savings have amassed Rs 1.17 trillion from April-September - 26 per cent more than the previous year. But in those six months, the economy lost 24 per cent in the first three months, and is slated to lose 10 per cent in the second quarter.
Vijay Mallya on Wednesday gave a proposal to the Supreme Court to repay around Rs 4,000 crore (Rs 40 billion) loan to banks by September this year.
Banks are seeking an order that Mallya should appear in person before the court.
What is it about Arohan that puts it in the top league of microfinance institutions in the country?
A full rollout of the products will be completed by March 2011 and the UK branch of SBI will be adding three branches over the existing seven to push its retail agenda. With this, SBI will take on local heavyweights in the mortgage segment such as HSBC, Barclays, NatWest, Lloyds and RBS.
David Beckham hopes to make his return to action in LA Galaxy's match against Columbus Crew on September 11, the midfielder said on Thursday.
The ministry seeks to make lending requirements flexible for banks financing key stalled projects.
The question on who should borrow from the market and whether the borrowing will be under two buckets should be decided by the GST Council, and not by the Centre. If there is no consensus, there has to be a vote, says A K Bhattacharya.
'It was unfair to expect him to continue to keep on supplying vaccines without being given a firm commitment or a financial grant of any sort.'
Modi accused the TMC of killing the aspirations of the middle-class people in the state and said the ruling party in West Bengal is known for 'triple T -- Trinamool Tolabaji Tax'.
Bejoy Nambiar's gripping slice-of-mess about things spiraling out of control find an expression in a striking ensemble and volatile scenery, notes Sukanya Verma.
Finance Minister Arun Jaitley sought parliament's approval on Friday to increase the spending budget for this fiscal year by $4 billion, with almost half to be used to inject extra capital into state banks struggling with bad loans.
SBI's Bhattacharya is ranked second on the list, while ICICI's Kochhar is 5th and Axis's Sharma is 19th in the Fortune list
AC Milan coach Carlo Ancelotti is considering a new attacking role for David Beckham as he awaits confirmation that the England midfielder's loan deal will be extended. Ancelotti said on Saturday he has no news on Milan's negotiations with Los Angeles Galaxy over Beckham's future, with the original deal for the 33-year-old to play in Italy due to expire on Monday.
Ketan Parekh, an accused in several cases of stock market manipulation, has been convicted by a special CBI court in Mumbai for cheating and sentenced to two years rigorous imprisonment.
These offer great scope and flexibility when you fall upon hard times, says Harjot Singh Narula
Read the numbers carefully because no one can offer a credit card at zero cost or give a loan at a simple interest of 9%.
Your money is protected by the Deposit Insurance and Credit Guarantee Corporation.
'While we are all trying to stay indoors and help flatten the curve, all recruitment processes have been put on hold and I am unable to find a job for myself.'
A man, from whom a fake character certificate was originally procured, using which the Uber rape case accused got an All India Tourist Permit, has been identified by the police and summoned for questioning.
IFMR Capital previously pioneered the multi-originator securitisation.
Cases filed in 3 high courts.
The three promoters - Anil Kumar Sharma, Ajay Kumar and Shiv Priya - had diverted Rs 1,500-1,600 crore through bogus methods like loans and advances between group firms at inflated rates.
New inventions allow Tencent Holdings' WeChat users to book taxis, top up phone credit, while Clone Algo's YAY App users are able to talk and chat free besides being able to apply for online for micro loans and use Clone Algo trading algorithms.
'If the museum in his memory inspires and instils among Brahminical British Indians an attitude of equality towards Dalits, the edifice would be worth it,' reports Ashis Ray.
The securities -- Pass Through Certificates, backed by the new and used car receivables, originated from ICICI Bank and have been issued by Indian Retail ABS Trust under the bank's securitisation programme. Credit rating agency Crisil has assigned the high investment grade rating to these securities. The bank would assign the pool to the trust and will receive a purchase consideration equal to the pool's principal outstanding.
Besides Deepak Parekh, who heads financial institution HDFC, other committee members include key representatives of major banks and infrastructure finance institutions.
'What made him different was that he was not a banker at all by temperament.' 'He was a businessman, a typical lalaji at that.' 'He had to win at any cost.'
The 25-seater aircraft is interspersed with plush sofas, a cushioned bed, bars, showers and a bathrobe
Vodafone Idea, the promoter of Aditya Bira Idea Payments Bank, said in a notification to the exchanges late on Friday that the board of the bank approved winding up the business, subject to approval from the Reserve Bank of India.
'Whatever Modi had promised us on OROP has not been delivered. He lied to us'
Wanted diamond merchant Nirav Modi on Thursday lost his fight against being extradited to India as a United Kingdom judge ruled that he can be sent back to face charges of fraud and money laundering in the estimated $2 billion Punjab National Bank scam case.
The president said the European Union has "failed to take the same precautions" as his administration had implemented to contain the coronavirus outbreak.
The central bank says that PSU banks need to generate more internal capital and that the government should cut stake.
Failure to sell Air India, IDBI may have prompted a change in strategy.
A US resident has advertised to sell land in that country to Indians here. In the process, the seller may have started a trend of US owners turning to overseas buyers as local demand for housing dries up following the serial bankruptcies from the sub-prime mortgage, or high-risk home loan, crisis.
The order brings an end to the nearly three-year legal battle in the Tribunal by the consortium, comprising 17 banks, to recover the money owed to them by the defunct airlines.
The Congress chief reiterated that Rs 30,000 crore was "wrongfully" given to Anil Ambani in the purchase of Rafale fighter planes.
Railway Minister Suresh Prabhu is targeting the commissioning of the project by 2023-24
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