In a mixed economy and transitional society such as ours we need both players to take the economy forward
In the Union Budget presented in February, Finance Minister Nirmala Sitharaman had announced the privatisation of two public sector banks (PSBs)
Because of government schemes targeted at increasing liquidity for small businesses, loan disbursements have surged.
Banks sanctioned loans through 924 camps hosted in 405 districts from October 16-20 as part of the government's nationwide credit outreach initiative.
It is mandatory for every listed public company to have at least one-third of the total number of directors as independent directors
While the finance minister wants banks to increase rural footprint, reaching unbanked areas digitally offers a low-risk option for the banks.
During the Covid crisis, the government was able to distribute Rs 15,00 in three installments to the poor into their bank accounts.
Bank Holidays Sept 2021: The major holiday of the month is Ganesh Chaturthi which starts on September 10
Retail and SME loans are particularly vulnerable as Covid-19 has hit the income of households and small businesses.
The government also hiked the contribution of public sector banks for employee pensions under NPS to 14% from 10% earlier.