First Set of Differential Bank Licences by Month-End: Rajan

First Set of Differential Bank Licences by Month-End: Rajan

File Photo: RBI governor Dr Raghuram Rajan Mumbai: The Reserve Bank is all set to issue the first set of differential bank licences — small finance and payments banks — by the end of August, a move aimed at promoting...
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Government Fixes Rs 1.22 Lakh Crore Loan Disbursement Target Under MUDRA Scheme

Government Fixes Rs 1.22 Lakh Crore Loan Disbursement Target Under MUDRA Scheme

New Delhi: Banks will disburse loans worth about Rs 1.22 lakh crore to small business units under the Pradhan Mantri MUDRA scheme during the current fiscal year. The banking sector has been allocated an overall disbursement target of Rs 1,22,188...
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Tata Motors Jumps Over 4% on Buzz of New Car Launches

Tata Motors Jumps Over 4% on Buzz of New Car Launches

Tata Motors shares jumped over 4 per cent to hit intraday high of Rs 338.75 on reports that Tata Motors’ plans to start production of non-Nano cars from its Sanand plant in Gujarat. According to Business Standard, Tata Motors plans...
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RBI to Issue Small Finance Bank Licences in a Few Days: Mundra

RBI to Issue Small Finance Bank Licences in a Few Days: Mundra

New Delhi: The Reserve Bank will issue small finance bank licences in the next few days, said Deputy Governor S S Mundra here today. RBI last month gave in-principle approval to 11 entities to set up payments banks.”There is another...
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Small Bank Licences to Shake Up Microfinance Business: India Ratings

Small Bank Licences to Shake Up Microfinance Business: India Ratings

New Delhi: The microfinance business will now be dominated by small finance banks (SFBs) which will bring down systematic risk but at the cost of lower returns, India Ratings and Research has said. Of the 10 shortlisted candidates for small...
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Lending to MSMEs Makes Strong Business Sense: Rajan

Lending to MSMEs Makes Strong Business Sense: Rajan

File photo: RBI Governor Raghuram Rajan New Delhi: Reserve Bank of India Governor Raghuram Rajan on Tuesday said lending to micro, small and medium enterprises’ (MSME) entrepreneurs, particularly in the e-commerce space, makes a strong business sense for...
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