A preliminary meeting would be held at NITI Aayog on Monday to identify more companies. The meeting would be held to assess which companies and assets are non-strategic in nature and can be pushed for sale in the next round

Private banks with existing exposure are cautious because of the group's stretched financial situation. The holding company has already approached the banks for a one time restructuring under the COVID-19 relief package

According  to the report, the scheme prompted public sector banks to disburse 2.6 times higher loan amount to MSMEs in June 2020 over February 2020

To boost the consumption and offer an alternative to the employees, the government has come up with special cash package in lieu of the LTC

Centre offers interest-free 50-year loans to States for capital expenditure for Rs 12,000 crores, consisting of three components, says Finance Minister Nirmala Sitharaman

Dinesh Kumar Khara is taking over at a time when the overall economy is expected to shrink for the first time in the last four decades

During FY 2019-20, 26 RRBs earned profit of Rs 2,203 crore, while 19 incurred losses of Rs 4,409 crore. As on March 31, 2020, there were 45 RRBs functioning in 685 districts of 26 states and three union territories

Credit downgrade means trouble for affected companies, whereas any stress in the corporate sector will be immediately reflected in the banking industry's delinquencies

According to the SBI Research report, the country's nominal GDP growth is expected to decline below the FY19 levels this year

A bank mentioned in the Second Schedule of the Reserve Bank of India Act is known as 'Scheduled Commercial Bank'

Companies have time to approach banks for loan restructuring from September 15 till December 2020

Demand and time deposits increased by 12 per cent, as of September 11, 2020 compared with a 10.9 per cent rise in the previous fortnight

The government is aiming to implement all the four labour codes in one go by December this year and complete the final stretch of labour sector reforms; With total cases standing at 32.4 million or 0.4 per cent of the world's population, every 250th person on the Earth is now infected with coronavirus; A day after Prime Minister Narendra Modi, in his address at the UN General Assembly, assured the world that India's vaccine production and delivery capacity will be used to help humanity in the COVID-19 crisis, world's largest vaccine maker Serum Institute of India (SII) Chief Executive Officer (CEO) Adar Poonawalla said SII also shares and applauds his vision. Watch this and more on News Blast.Also Read: SBI announces special benefits on home, auto, gold, personal loans

COVID-19 pandemic: One in every 250 people on Earth now infectedWith total cases standing at 32.4 million or 0.4 per cent of the world's population, every 250th person on the Earth is now infected with coronavirus. As of September 2020, the world's population stood at 7.8 billion, according to the estimates by the United Nations.The total number of deaths now stand at 983,000.Serum Institute shares, applauds PM Modi's vision: Adar Poonawalla on India's vaccine offer to worldA day after Pr...

Fund infusion would be for meeting regulatory capital requirements if need arises in October-December quarter. Second quarter result will give an idea as to which bank may require regulatory capital and accordingly recapitalisation bonds would be issued to them

Rural economy is struggling with job and income losses, the true extent of which are not known since India isn't tracking or compensating; credit and liquidity risks to small businesses and crop loss due to excess rain

India reopened the Taj Mahal after six months on Monday, with the first visitors trickling into the famous monument; E-healthcare platform Medtalks sees 10,000% growth in 6 months; Rajan, Acharya on Modi govt's reform of public sector banks. Watch this and more news on News Blast.

Catch top stories from the world of business and economy with BusinessToday.In's Biz EOD report

The reform of public sector banks so far by Prime Minister Narendra Modi-led NDA government is a \"still-born effort,\" said former RBI governor Raghuram Rajan and former deputy governor Viral Acharya in a newly released research paper

Public sector banks might perform better if they are freed from court-mandated new entry-level hiring constraints that hiring can be done through open exams, which makes it hard for PSBs to attract candidates from elite educational institutions, who have little desire to sit for yet another exam