According to reports, as many as 3,800 candidates will be selected to work as Officer Scale-I (Assistant Manager) in various Rural Banks of India as part of the recruitment drive
NABARD is hiring for posts of Cyber Security Manager, Additional Cyber Security Manager, Project Manager, Analytics-cum-Chief Data Consultant, Additional Chief Risk Manager and Risk, and Senior Analyst
A government resolution (GR) dated 22 May instructed banks to show the current outstanding loan of farmers as the dues of the state government.
Stimulus package: Nirmala Sitharaman says housing subsidy scheme for middle-income families extended till March 2021
Finance Minister Nirmala Sitharman on Thursday announced a Rs 70,000-crore boost to the housing sector by extending the subsidy scheme for affordable housing for the middle-income group
NABARD disburses Rs 12,767cr to state cooperative banks, RRBs for onlending to farmers; loans offered at interest rate of 4.8%
NABARD said since the second half of March 2020, it has disbursed nearly Rs 30,021 crore to rural banks.
Non-banking financial companies (NBFCs) have asked the Reserve Bank of India to allow them one-time restructuring of all loans till March 2021, as their borrowers are facing funding issues amid the coronavirus pandemic and the subsequent lockdown
Suresh N Patel, ex-CEO of Andhra Bank, takes oath as vigilance commissioner via video conferencing due to coronavirus lockdown
Eminent banker Suresh N Patel on Wednesday took oath as the Vigilance Commissioner in the anti-corruption watchdog CVC, officials said.
Coronavirus Outbreak: Despite personal loss, Assam hospital cleaner stays put in quarantine; doctors, nurses spend time reading, watching shows
Quarantine is definitely more screentime albeit on the consumers' end. Be it the mobile phone or the television, perhaps both are the best tools to be exploited to the core when in quarantine.
Coronavirus Outbreak Updates: No relaxations in 88 hotspots in Kerala, restrictions to be eased in Orange-B and Green zones from 20 April
Coronavirus Outbreak Updates: Kerala police chief Loknath Behera said the relaxations of restrictions imposed would come into effect in the Green and Orange-B zones in the state from Monday, allowing among other the movement of private vehicles on odd-even basis,an official release said.
Expert hail RBI's liquidity-boosting measures for NBFCs, easing of bad-loan rules; say reverse repo rate cut shall push banks to open up credit flow
The RBI has further given a stimulus to the economy by announcing the second tranche of liquidity with a 25 basis point reverse repo cut taking it to 3.75 percent from 4 percent earlie
Coronavirus Outbreak updates: COVID-19 count in Delhi reaches 1,893; No decision yet on starting domestic, international flights, says Hardeep Singh Puri
Coronavirus Outbreak updates:Civil Aviation Minister Hardeep Singh Puri on Saturday said airlines are advised to open bookings only after the government takes a decision on starting domestic and international commercial passenger flight services.'The Ministry of Civil Aviation clarifies that so far no decision has been taken to open domestic or international operations,' he wrote on Twitter.
Coronavirus Outbreak LIVE Updates: With 118 new COVID-19 cases today, tally in Maharashtra crosses 3,000-mark; toll rises to 194
Coronavirus Outbreak LIVE Updates: The Union health ministry said that about 63,000 personal protective equipment (PPE) kits which arrived from China recently did not fulfill the criteria.
The real estate industry on Friday hailed RBI's decision to boost liquidity into the system and provide relief to loans taken from NBFCs for commercial projects, but sought one-time restructuring of their loans and a stimulus package to help the sector in battling the crisis caused by the lockdown to control COVID-19
RBI measures to boost liquidity, incentivise banks to lend more to revive economy: Nirmala Sitharaman
In order to increase credit to farmers, MSMEs and housing sector, RBI announced a special refinance facility totalling Rs 50,000 crore for NABARD, SIDBI and the National Housing Bank, she said.
RBI Governor Press Conference: Shaktikanta Das announces relief measures for liquidity in system, to ease financial stress
Stating that the RBI is monitoring the situation developing out of Covid-19 outbreak, he noted that the contraction in exports in March at 34.6 percent was much more severe than global financial crisis of 2008-09.
Coronavirus Outbreak: Assam handloom sector reels under lockdown; zero Rongali Bihu business cripples weavers
For the handloom sector in Assam, the period prior to Rongali Bihu or the Bohag Bihu, which heralds the beginning of the Assamese New Year and the arrival of spring, is a major season to make the bulk of the business for the year.
Falling GDP, collapsing wholesale prices: Is Indian economy heading to its worst show in September quarter since 2008 global financial crisis?
Indian economy had a shocker when the GDP growth slowed to a 6-year low of 5% in the April-June quarter. Even after that, there is no recovery in sight.
Nirmala Sitharaman says Centre to form about 10,000 farmer produce organisations; urges state govts to push for eNAM, dismantle APMCs
Addressing the 6th World Congress on Rural and Agri Finance, Sitharaman said the government has put rural and farmer development on a larger map
J&K Bank loan fraud: ACB registers FIR in Rs 1,100 cr case; searches underway for bank officials across country
He said the company approached the Mahim and Vasant Vihar branches of J&K Bank for sanctioning of the advances to make payments to farmers, in accordance with the terms and conditions laid down in the loan sanction order of the bank.
PMC crisis: Politicising cooperative banking mess is opportunism; RBI has to own up to its mistake of waking up too late
The PMC episode is only the symptom of a deeper malaise plaguing many other loosely regulated cooperative banks in the country.