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NPA Mess: Speeding up of Debt Recovery Process

Public Sector Banks have requested the Government to arbitrate in speeding up the debt recovery process, which includes faster approvals from District Magistrates, which could enable possession of assets from the borrowers. To quote, there have been many cases wherein the orders issued by the DRTs are not being enforced faster, due to delay in

NPA Mess: Speeding up of Debt Recovery Process

Public Sector Banks have requested the Government to arbitrate in speeding up the debt recovery process, which includes faster approvals from District Magistrates, which could enable possession of assets from the borrowers. To quote, there have been many cases wherein the orders issued by the DRTs are not being enforced faster, due to delay in

Regional Rural Banks’ Consolidation

  The current hot news on Regional Rural Banks is their consolidation.  The Government has begun the process of consolidation of Regional Rural Banks along with the Public Sector lenders.   Here are the proposals? The total number of RRBs are to be brought down to 36 which are numbered 56 at present. Consulatations are already

Regional Rural Banks’ Consolidation

  The current hot news on Regional Rural Banks is their consolidation.  The Government has begun the process of consolidation of Regional Rural Banks along with the Public Sector lenders.   Here are the proposals? The total number of RRBs are to be brought down to 36 which are numbered 56 at present. Consulatations are already

Increase In Small Saving Schemes Interest Rates

In line with the deposit rates the Government has raised the interest rates on various Small Savings schemes for the three months through December by upto 40 basis points Salient Features: Interest rate on PPF (Public Provident Fund), Kissan Vikas Patra and Sukhanya Samriddhi account schemes have been raised by 40 basis points each for

Increase In Small Saving Schemes Interest Rates

In line with the deposit rates the Government has raised the interest rates on various Small Savings schemes for the three months through December by upto 40 basis points Salient Features: Interest rate on PPF (Public Provident Fund), Kissan Vikas Patra and Sukhanya Samriddhi account schemes have been raised by 40 basis points each for