Under the Stand-Up India scheme, bank loans between Rs 10 lakh and Rs 1 crore are provided to at least one Scheduled Caste/ Scheduled Tribe borrower and at least one woman borrower per bank branch of Scheduled Commercial Banks

The e-panel of the top court has put the vision document for phase III on its website and invited inputs, feedback and suggestions from various stakeholders, including lawyers and the public

The judgement covers loans above Rs 2 crore as loans below this got blanket interest on interest waiver in November last year. Compound interest support scheme for loan moratorium cost the government Rs 5,500 crore during 2020-21

India close to becoming 2nd largest COVID-19 infected nationIndia is closing in on Brazil to become the second country after the US in terms of total number of COVID-19 cases in the world. Total number of cases in India has reached 12,148,487 cases as of yesterday, whereas Brazil is still ahead with 12,664,058 cases. While Brazil had 86,704 new cases, that in India was 53,158. While Brazil has a population of only 21.36 crore, that in India is 139 crore.New COVID-19 wave hits hospitality se...

In separate filings to stock exchanges, Indian Overseas Bank, Bank of India, Central Bank of India and UCO Bank said that the government has infused capital in them.

Shares of Nazara Technologies, Adani Transmission, IndusInd Bank, M&M, India Grid Trust, Manappuram Finance, PSU banks will be in focus in Tuesday's trading session

To save interest burden and ease the fiscal pressure, the government last year decided to issue zero-coupon bonds for meeting the capital needs of the banks

The bank issued 335.16 crore shares to the government at an issue price of Rs 16.41 per equity share, aggregating to Rs 5,500 crore.

Das says growth momentum is going as per RBI's estimate and revival of economic activity should continue unabated; he adds there could be no downward revision in RBI's 10.5% growth estimate for FY22

The 10-year government securities paper, which is a benchmark, has shot up from a low of 5.94 per cent to 6.21 per cent in the last two months. The cost of borrowing for state governments is also rising

Sitharaman said the decision to privatise banks is a well-thought-out one. She said that the government wants the bank to get more equity and to meet the aspirations of the country

The Congress leader accused the government of \"privatising profit\" and \"nationalising loss\"

During the first day of the bank strike, services such as cash withdrawals, deposits, cheque clearing, and business transactions remained impacted across the country

The account holders of these eight banks are also required to update their account details such as mobile number, address, name of the nominee, etc. The customer should get a new cheque book and passbook issued from the bank with which their former banks had merged

Bank strike on March 15: The unions had called the strike after the conciliation meeting with the Union Finance Ministry on March 4, 9 and failed

The BSE Bankex index was trading at 38,927.62, down by 1,067.96 points or by 2.67 per cent, while Nifty PSU Bank index was quoting at 2,260.40, down 2.23 per cent, led by decline in SBI, Indian Bank, Bank of India, PNB, J&K Bank

Bank strike on March 15: Banking services are likely to be hit at several public sector banks (PSBs) like State Bank of India (SBI), Canara Bank and Bank of Maharashtra (BoM)

United Forum of Bank Union (UFBU) has called for the strike in order to protest against the Centre's proposed privatisation of two public sector banks (PSBs)

Indian Overseas Bank, Central Bank of India and UCO Bank are currently under this framework that puts several restrictions on them, including on lending, management compensation and directors' fees

The list submitted by the government's policy think tank includes PSUs in strategic sectors and will be reviewed by the Department of Investment and Public Asset Management (DIPAM), and the Core Group of Secretaries on Divestment (CGD), headed by the cabinet secretary