SAVE Solutions is a business correspondent for State Bank of India, Bank of India and Bank of Baroda and intends to use this capital to expand its direct lending through subsidiaries SAVE Microfinance and SAVE Financial Services, group chief financial officer Gourav Sirohi told ET.
He further said the project will not only help in improving agricultural development and environment but will also create employment opportunities and lead to substantive development of the region. Tomar said there is a lot of scope for development of the Beehad area in Gwalior-Chambal region. The Chambal Expressway will be built and will pass through this area, by which the overall development of the region would be possible.SAVE Solutions is a business correspondent for State Bank of India, Bank of India and Bank of Baroda and intends to use this capital to expand its direct lending through subsidiaries SAVE Microfinance and SAVE Financial Services, group chief financial officer Gourav Sirohi told ET.
A search panel headed by the cabinet secretary is scheduled to interview shortlisted candidates on August 7 for the post of RBI deputy governor, sources said.
Amid the coronavirus pandemic that has also significantly impacted economic activities, the government has already suspended certain provisions of the Insolvency and Bankruptcy Code (IBC). The Code, which came into force in 2016, seeks to provide time-bound and market-linked resolution of stressed assets.
“Such risk has materialized unexpectedly at least once a decade over the past 30 years with several minor hiccups in between. History tells us that we ignore this risk at our own peril,” according to excerpts from Acharya’s upcoming book: ‘Quest for Restoring Financial Stability in India.’ It “would mean regressing to errors of the 1970s and 1980s.”
"Total original cost of implementation of the 1,686 projects was Rs 20,66,771.94 crore and their anticipated completion cost is likely to be Rs 24,71,947.66 crore, which reflects overall cost overruns of 4,05,175.72 crore (19.60 per cent of original cost)," Ministry of Statistics and Programme Implementation latest report for March 2020 said.
The state-owned lender has reduced interest rate on its short-term gold loan scheme -- Bumper Agri Jewel. Earlier, interest rate on the product was 7.5 per cent.
Private lender ICICI Bank on Saturday reported a net profit of Rs 2,599 crore in the June quarter, up 36 per cent (year-on-year) from Rs 1,908 crore posted in the same period last year. The bank's gross NPA (non-performing asset) stood at 5.46 per cent in Q1, which is slightly lower than 5.53 per cent recorded in previous quarter.