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PRADHAN MANTRI SNEH BANDHAN YOJANA

In terms of Government guidelines, two schemes of Govt. of India were announced viz., i) Pradhan Mantri Suraksha Bima Yojana (PMSBY) and ii) Pradhan Mantri Jeewan Jyoti Bima Yojana (PMJJBY). These schemes will be available at all the times. (i) Gift for Composite insurance under PMSBY and PMJJBY:- For One time premium payment (Amount in

PRADHAN MANTRI SNEH BANDHAN YOJANA

In terms of Government guidelines, two schemes of Govt. of India were announced viz., i) Pradhan Mantri Suraksha Bima Yojana (PMSBY) and ii) Pradhan Mantri Jeewan Jyoti Bima Yojana (PMJJBY). These schemes will be available at all the times. (i) Gift for Composite insurance under PMSBY and PMJJBY:- For One time premium payment (Amount in

LATEST GUIDELINES ON MSME LOANS

Targets / sub-targets for lending to Micro, Small and Medium Enterprises (MSME) sector by Domestic Commercial Banks and Foreign Banks operating in India. 3.1) Advances to Micro, Small and Medium Enterprises (MSME) sector shall be reckoned in computing achievement under the overall Priority Sector target of 40 percent of Adjusted Net Bank Credit (ANBC) or

LATEST GUIDELINES ON MSME LOANS

Targets / sub-targets for lending to Micro, Small and Medium Enterprises (MSME) sector by Domestic Commercial Banks and Foreign Banks operating in India. 3.1) Advances to Micro, Small and Medium Enterprises (MSME) sector shall be reckoned in computing achievement under the overall Priority Sector target of 40 percent of Adjusted Net Bank Credit (ANBC) or

RBI Releases guidelines for On tap Bank Licence

BE/RBI/5/2016 – What is On Tap licence? On-tap licensing means that the window for getting a bank license from RBI is open throughout the year. Earlier, RBI used to invite applications for giving bank licenses, and prospective players submitted their applications within a fixed time-frame as prescribed by RBI. This arrangement was not open all

RBI Releases guidelines for On tap Bank Licence

BE/RBI/5/2016 – What is On Tap licence? On-tap licensing means that the window for getting a bank license from RBI is open throughout the year. Earlier, RBI used to invite applications for giving bank licenses, and prospective players submitted their applications within a fixed time-frame as prescribed by RBI. This arrangement was not open all

Room for RBI to cut Rates: PMI (Purchasing Managers’ Index)

BE/RBI/6/2016 – Manufacturing sector showed a speedy growth in four months in July on account of flooding new orders, though job market remained muted and inflationary pressure was subdued. This is expected to bring on hopes of the RBI Governor Raghuram Rajan cutting rates as a parting gift, as per PMI survey released.  The Nikkei

Room for RBI to cut Rates: PMI (Purchasing Managers’ Index)

BE/RBI/6/2016 – Manufacturing sector showed a speedy growth in four months in July on account of flooding new orders, though job market remained muted and inflationary pressure was subdued. This is expected to bring on hopes of the RBI Governor Raghuram Rajan cutting rates as a parting gift, as per PMI survey released.  The Nikkei

FEMA Violations – RBI levies Rs 27 crore penalty on 13 banks

Taking its feet on gross violation of FEMA guidelines and KYC norms, RBI has imposed Rs 27-crore penalty on 13 public and private sector banks, which includes PNB and HDFC Bank.  However, eight other banks including SBI and ICICI Bank have been advised to ensure strict compliance with guidelines. A public sector bank reports, that,

FEMA Violations – RBI levies Rs 27 crore penalty on 13 banks

Taking its feet on gross violation of FEMA guidelines and KYC norms, RBI has imposed Rs 27-crore penalty on 13 public and private sector banks, which includes PNB and HDFC Bank.  However, eight other banks including SBI and ICICI Bank have been advised to ensure strict compliance with guidelines. A public sector bank reports, that,

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