Page 2 - Nikesh Singh

Procurement by CPSEs via GeM grew by 74% to Rs 42,510 crore in Apr-Jul

CPSEs account for around 53% of overall transactions on GeM

Upgrade awaited: Govt considers Navratna status for Ircon and RCF

All time high net profits, annual turnover and net worth have enhanced such proposals from administrative ministries

Ensure smooth implementation of PM Vishwakarma scheme: FinMin to PSBs

Under the scheme, the government will provide credit support of up to Rs 1 lakh for the first tranche and Rs 2 lakh for the second tranche at an interest rate of 5 per cent

Number of Jan Dhan accounts crosses the 500 million mark, shows data

The average balance in PMJDY accounts stands at Rs 4,076, and over 55 million PMJDY accounts are receiving Direct Benefit Transfer (DBT) benefits

Poor, middle-class to get interest relief on loan to build houses: PM Modi

Prime minister said that the government will provide interest relief on loans from banks that will help them save lakhs of rupees

DBT helps govt save Rs 2.73 trillion since 2014: FM Nirmala Sitharaman

After 1947, Sitharaman said, India depended on a growth formula derived from the centralised USSR model where everything was decided at the Centre and one size-fits all methodology was adopted

RBI move focused on taming inflation, supporting growth: Industry groups

RBI has kept the policy rate unchanged at 6.5 per cent

NHAI, Railways on track to achieve 60% of capital expenditure target in H1

Capex by CPSEs touches 35% of target in Apr-July

Large exposures carefully scrutinised; will remain vigilant in good times

The slippage went high due to the recognition of one mid-corporate account into NPA with an exposure of Rs 92 crore

Net collections under small savings schemes dip for first time in 11 years

The top 5 states with the highest net collections in FY23 were West Bengal, Maharashtra, Uttar Pradesh, Tamil Nadu, and Karnataka

Improve CASA ratio, leverage account aggregator framework: FM to RRBs

During the meeting, discussions revolved around financial performance of RRBs

'Diversify credit portfolio': FinMin flags concentration risk at 5 PSBs

BoI, PNB, UCO, Canara, and Punjab & Sind Bank told to trim exposure to any particular group or industry

Banks recovered bad loans worth Rs 10.16 trillion in 9 years: FinMin

Wilful defaulters and companies with wilful defaulters as promoters/directors have been debarred from accessing capital markets to raise funds: Bhagwat Karad

PNB Q1 Result: Net soars 307% to Rs 1,255 crore on interest income

Sequentially, the net profit of the Delhi-based public lender jumped 8.3 per cent from Rs 1,159 crore reported in the 2022-23 January-March quarter

'Enhanced monitoring has helped PNB reduce slippages and enhance recovery'

The capital adequacy of the bank is at 15.54 per cent as against the requirement of 11.5 per cent

No slowdown in affordable housing space: PNB Housing Finance MD & CEO

In the short, medium, and long term, the demand is quite robust in the affordable housing segment, which is big and accounts for 32-35 per cent of the share in the mortgage industry

PNB Housing Finance net profit surges 48% to Rs 347 crore in June quarter

The housing finance company's total income during the June quarter was Rs 1,708 crore against Rs 1,412 crore a year ago, the lender said in an exchange filing

Achieve targets under financial inclusion schemes for FY24 at earliest: DFS

During the meeting, Joshi also discussed with banks with a special focus on the progress under the ongoing four-month jan suraksha campaign of PMJJBY and PMSBY schemes

IMF pitches for the inclusion of India in international bond indices

Inclusion in a global bond index is also expected to exert pressure on the government to adhere to fiscal discipline and ensure that its bonds retain investment grade

RBI likely to maintain status quo in upcoming monetary policy: SBI Chairman

CPI inflation can be perceived as an aberration