Mudra Bank

Arun Jaitley to meet PSU bank chiefs today; may discuss NPAs, rate cut

The meeting will also examine what steps have been taken by state-owned banks in the aftermath of the Rs 6,100-crore Bank of Baroda scam

Jaitley for unconventional methods to fund development goals

India has stepped up public spending, particularly in infrastructure sector, which offset slowdown in private investments.

Microlending: Jaitley may be making a mistake by putting PSBs on mission mode; it can backfire

A big part of the bad loan problems currently faced by Indian banks can be attributed to forced directed lending by the government through state-run banks. The government shouldn’t do the mistake again.

The aam Modi sarkar: Stung by land bill, BJP highlights it pro-poor policies

The party has lately been using every single opportunity to convey messages centred around this theme.

Higher aid for crop damage and more: What PM Modi promised distressed farmers

The Prime Minister said that he has also asked banks to restructure loans of affected farmers and instructed insurance companies to pro-actively settle their claims.

Mudra Bank has an obvious risk of endorsing shadow banking

Given the lack of clarity in the set-up, the safest and simplest way probably was to build a financing model for small companies by permitting maximum number of small finance banks

Funding the unfunded: PM Modi launches MUDRA bank for small entrepreneurs

Prime Minister Narendra Modi on Wednesday launched the Micro Units Development Refinance Agency (MUDRA) Bank which will provide credit of up to Rs 10 lakh to small entrepreneurs and act as a regulator for 'Micro-Finance Institutions' (MFIs).

MUDRA Bank can be positive for microfinance sector: ICRA

As per ICRA estimates, the MFI sector, including self-help groups (SHGs) and NBFC-MFIs, had a total portfolio of Rs 780 billion as on 30 September 2014, ICRA said in a report in Mumbai.

Govt to set up Mudra Bank for priority to SC/ST entrepreneurs

Jaitley said development has to generate inclusive growth, and while large corporate and business entities have a role to play, it has to be complemented by informal sector -- enterprises that generate maximum employment.