The Ministry of Finance on Tuesday said that various measures taken by the Union government have contributed to the sustained financial health and robustness of the banking sector as a whole.
These banks are: Bank of Baroda, Bank of India, Bank of Maharashtra, Canara Bank, Central Bank of India, Indian Bank, Indian Overseas Bank, Punjab National Bank, UCO Bank and IDBI Bank Limited.
Speaking at the inaugural ceremony of 4th RE-Invest Summit hosted by MNRE and CII, the minister said that India’s renewable energy capacity addition has grown by 175 per cent and renewable energy generation has grown by 86 per cent since 2014.
Union Minister of Labour and Employment and Chairperson, Central Board of Trustees, EPF, Dr Mansukh Mandaviya has approved the proposal for a Centralised Pension Payment System (CPPS) for Employees’ Pension Scheme, 1995.
At a meeting conducted to review the performance of Public Sector Banks (PSBs) on Monday, Finance Minister Nirmala Sitharaman discussed a range of issues including financial parameters, deposit mobilisation, digital payments and cyber security framework.
With less than one month left in the current fiscal, banks will have to work overtime to meet the MUDRA loan lending target of Rs 3 lakh crore, as only about Rs 2 lakh crore have been disbursed till February 22.
Fugitive economic offender Vijay Mallya on Thursday posted a series of tweets asking why Prime Minister Narendra Modi was not instructing banks to accept the money he is offering to pay off the loans on Kingfisher.
The verdict upheld the Section 29A of the Code that bars promoters of a company facing insolvency proceedings from bidding to regain its control.
In the event, the singular achievement is the five-day break ~ or nearly so ~ in the season of jollity. It beggars belief that for all the proud boasts of growth and development, the country has to make do without banking for close to a week. That very thought would be anathema in any civilised society.
He said that the banking sector should create conducive atmosphere for people to go for institutional loans.
