Cabinet approves a new scheme for promotion of rural housing

January 2017

The Union Cabinet has approved a new scheme for promotion of rural housing in the country. The Centre will provide interest subsidy under the scheme....

Tags: Union Cabinet, Grameen, PMAY, Scheduled Commercial Banks, NBFC, EMI

Recovery of loans top priority for banks

August 2016

Recovery is on top of the agenda of Public Sector Banks (PSBs), Vinod Rai, Chairman, Banks Board Bureau has reportedly said. The consolidation proces...

Tags: Public Sector Banks, Vinod Rai, Bureau, Public sector banks, Financial institutions

Digital Payment Systems

June 2016

Banks and financial institutions in India are poised to leverage the benefits of technology, and mobile devices, to increase their presence in under-...

Tags: Banks, Mobile devices, RBI, UPI, National Payments Corporation of India, IMPS, Peer to Peer Lending, UIDAI, Aadhaar, Digital payment systems, Akash Karmakar, Smartphones

Of the public, for the public but not by the public

February 2016

What is it that was just 29 crore in 1951 and has now grown to 10 lakh crore? It is the amount of public investment in 290 public sector units in Ind...

Tags: Investments, RoI, PSU, Swachh Bharat, Railways, Postal Dept., Telephones, Airlines, Coal India, LIC, BHEL, HMT, Public Sector Banks, holding Company

Govt may increase Rs.70k-cr planned capital infusion for PSBs

February 2016

The Finance Ministry is considering infusing more than the announced Rs.70,000 crore in public sector banks to help strengthen their balancesheets.´...

Tags: Finance Ministry, Balancesheets, Public sector banks, Arun Jaitley, Budget 2016-17, PSB

Road ministry likely to rebid stuck projs

February 2016

As a meeting in New Delhi between the government, lenders and concessionaires could not find solutions to 10 of the 19 languishing highway projects, ...

Tags: Highway projects, New Delhi, Banks, Rebid stuck projs, Road ministry

CBI investigates diversion of funds

February 2016

The government has asked highway developers and banks to put their house in order or prepare for their contracts to be terminated. ...

Tags: Highway Developers, Banks, NHAI, CBI, Diversion of funds

Banks to push solar panels

December 2015

The finance ministry has advised banks to ´encourage´ home loan or home improvement loan applicants to install rooftop solar photovoltaic systems and...

Tags: Finance Ministry, Encourage, Rooftop Solar Photovoltaic Systems, Equipment, Renewable Energy, Banks