Page 3 - Harsh Kumar

Budget 2025-26: MSME ministry pitches for higher Mudra loan limits

In the proposal sent to the finance ministry, the MSME ministry has suggested raising the Shishu category limit to Rs 5 lakh and the Kishore category to Rs 10 lakh

On track to exceed NPA recoveries target of Rs 3,000 crore: Uco Bank MD

In this quarter, we have achieved recoveries to the tune of Rs 1,064 crore, contributing to over Rs 2,700 crore in recoveries across the past three quarters, said UCO Bank MD and CEO Ashwani Kumar

Public-sector banks concerned over rejection rate in PM Vishwakarma scheme

The restrictions make individuals ineligible if they had taken government loans in past five years

Banks, fintechs embark on profitable pilgrimage at Maha Kumbh Mela

Amid a crisis in deposits, banks hope to leverage the biz opportunities, with state govt projections estimating that event could generate Rs 25,000 cr in revenue and a Rs 2 trillion economic spinoff

Will make investments in digital in FY26: Punjab & Sind Bank MD & CEO

Says the public sector bank aspires to increase its Retail, Agriculture, and MSME (RAM) lending to around 60 per cent next year

FinMin reviews financial inclusion schemes, urges better banking outreach

Nagaraju stressed the importance of expanding banking infrastructure in unbanked villages and improving connectivity in remote areas, particularly in the North East

FinMin reviews financial inclusion schemes, urges better banking outreach

Nagaraju stressed the importance of expanding banking infrastructure in unbanked villages and improving connectivity in remote areas, particularly in the North East

FinMin considers asking banks to implement geotagging for all BCs

This is also expected to ensure that services are delivered effectively and efficiently to the intended beneficiaries

FinMin meet: MFI representatives seek lowering of asset qualification norms

In 2022, the RBI updated regulations for MFIs, which now apply to all entities in the sector, including banks, small finance banks, and non-banking financial companies (NBFCs)

Budget likely to raise KCC credit limit from Rs 3 lakh to Rs 5 lakh

Launched in 1998, Kisan Credit Card scheme had over 74 million accounts, with outstanding credit of Rs 8.9 trillion as of June 30, 2023

Govt likely to conduct interviews for RBI deputy governor next week

Government panel consisting of RBI governor, Cabinet secy, DFS secy to interview candidates

Govt may introduce one-time amnesty scheme to resolve Customs disputes

The official said around 35,000 customs cases, involving over around Rs 50,000 crore are currently pending across various courts

Bank officers' union calls for two-day nationwide strike on February 24-25

The trade union representing the supervisory cadre of bank employees said this decision follows its 102nd Executive Committee Meeting held on January 6

Fintech sector voices concerns amid regulatory fears in meeting with FinMin

The fintech sector has expressed its concerns about declining investments, particularly from abroad, as the narrative around this sector has become less positive

FinMin to review flagship schemes with PSB chiefs ahead of Budget

The meeting aims to review the progress of various financial inclusion schemes and discuss future funding requirements in light of the upcoming Budget

FinMin wants banks, NBFCs to join hands to fund large infra projects

So far, IIFCL has sanctioned loans worth Rs 2.8 trillion, with disbursements totalling Rs 1.4 trillion, of which 50 per cent has occurred in the last 4-5 years

Growth in agri credit may top 13% in FY25: Nabard chairman Shaji KV

Nabard chair Shaji KV says rise shows declining reliance on informal sources

Boosting infra, empowering youth in rural areas a priority: PM Modi

At the inauguration of Grameen Bharat Mahotsav 2025, Prime Minister Modi highlighted the importance of creating economic policies that take into account every section of the society to strengthen the

DFS Secy launches 'Baanknet' portal as a one-stop property e-auction hub

According to a Finance Ministry statement, this platform consolidates information on e-auction properties from all PSBs and offers a one-stop destination for buyers and investors

NBFCs seek reforms in pre-budget talks to boost liquidity, ease challenges

One of the primary requests made by the FIDC was for a reduction in the loan amount threshold for enforcing security interest under the SARFAESI Act, from Rs 20 lakh to just Rs 1 lakh