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BharatFin IndusInd Bank Merger

Formerly known as SKS Microfinance Ltd., and now named BHARAT FINANCIAL INCLUSION LTD., (BFIL), announced that it had entered into an agreement for a potential merger with IndusInd Bank Ltd.,  BFIL is already workings as a business correspondent for IndusInd Bank. Both the parties confirmed the news which is being speculated since several months, since

BharatFin IndusInd Bank Merger

Formerly known as SKS Microfinance Ltd., and now named BHARAT FINANCIAL INCLUSION LTD., (BFIL), announced that it had entered into an agreement for a potential merger with IndusInd Bank Ltd.,  BFIL is already workings as a business correspondent for IndusInd Bank. Both the parties confirmed the news which is being speculated since several months, since

DAUNTING NPAs OF PSBs

Double bonanza for Public Sector Banks?  What is it?  Yes from negative side. On one side the advances fall terribly and on the other daunting Capital Adequacy of banks…. Alas In a period of two decades, PSBs saw their Advances falling by Rs. 1.35 lakh crore in the FY 17. The fresh loan portfolio had

DAUNTING NPAs OF PSBs

Double bonanza for Public Sector Banks?  What is it?  Yes from negative side. On one side the advances fall terribly and on the other daunting Capital Adequacy of banks…. Alas In a period of two decades, PSBs saw their Advances falling by Rs. 1.35 lakh crore in the FY 17. The fresh loan portfolio had

Black Money Unearthed Under Pmgky

Pradhan Mantri Garib Kalyan Yojna (PMGKY) brought out the hidden black money under the Declaration Window announced after demonetization, as per the Government information.  The report further adds that: The scheme was announced by the Government last year, which enabled converting black money in to white, by paying a tax penalty of 50 per cent

Black Money Unearthed Under Pmgky

Pradhan Mantri Garib Kalyan Yojna (PMGKY) brought out the hidden black money under the Declaration Window announced after demonetization, as per the Government information.  The report further adds that: The scheme was announced by the Government last year, which enabled converting black money in to white, by paying a tax penalty of 50 per cent

Demonetisation And Savings

There are multiple views on Demonetization and its after effects.  But one thing is true.  Demonetization has brought out the big benefits of Savings amongst public.  The public hard earned money were put in financial products rather than the physical assets. One would be surprised to note that what incentives, advertisements, enticements which gave higher

Demonetisation And Savings

There are multiple views on Demonetization and its after effects.  But one thing is true.  Demonetization has brought out the big benefits of Savings amongst public.  The public hard earned money were put in financial products rather than the physical assets. One would be surprised to note that what incentives, advertisements, enticements which gave higher

Decrease In Farm Loan Lending

The Good news was that Farm loan was waived across the country in various States, but has bounced on its reverse side otherwise. The waiver by the State Governments has forced banks to hold back on extending farm loan to farmers.  Thus the Farm Loan lending has come down to the tune of 6.8 per

Decrease In Farm Loan Lending

The Good news was that Farm loan was waived across the country in various States, but has bounced on its reverse side otherwise. The waiver by the State Governments has forced banks to hold back on extending farm loan to farmers.  Thus the Farm Loan lending has come down to the tune of 6.8 per

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