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About 40 results for "credit guarantee fund"

Odisha seeks I-T exemption on DMF funds, credit trust for farm loans
Business Standard

Odisha seeks I-T exemption on DMF funds, credit trust for farm...

Flagging the issue of farm loans, the minister said availability of bank credit without collateral and third party guarantees would go a long way in providing access to long-term credit to farmers BS Reporter Last Updated at January 21, 2018 00:54 IST Despite ... Business Standard, 1 month ago
Sify

PNB fraud favouring Nirav Modi started in 2008, arrested bank officials tell CBI

New Delhi: The practice of illegally issuing Letters of Understanding (LoUs) and Foreign Letter of Credits (FLCs) and then rolling them over to favour Nirav Modi and Mehul Choksi groups started in 2008 and continued till these were discovered in January this ...
 Sify2 days ago

Capital infusion in banks to help in credit growth: Jaitley

Finance Minister Arun Jaitley has said the government has decided to recapitalise public sector banks (PSBs) to enhance credit growth and job creation. The government has decided to infuse Rs 2.11 lakh crore capital in PSBs in the next two years through ...
 Deccan Herald2 months ago Depositors' money will be protected: Jaitley  Deccan Herald2 months ago

For China, 'power doesn't guarantee competence'

[USA], Dec 6 (ANI): Power doesn't guarantee competence and China's President Xi Jinping's handling of the domestic economy in the past half-decade suggests a dearth of the latter in the country, an expert has said, pegging another journalist's comparison of ...
 Sify2 months ago
catchnews.com

India's farmers need a buget outlay of Rs 2 lakh cr to break the debt cycle

It is never clear to me why media make a screaming headline out of budget announcements around agriculture credit. “Agri credit raised to record 10 lakh crores” was the headline last budget season, while the finance minister and the government ...
 catchnews.com3 weeks ago

Beware Of Mutual Fund Advisers Misguiding You!

Posted by Equitymaster It's amusing... Nowadays if you go to any bank, instead of advising you to open a fixed deposit, the bank personnel are likely to insist you on investing in mutual fund schemes . All of a sudden, mutual funds are being sold like hot ...
 Equitymaster.com1 month ago
Rediff.com

PNB scam: CBI grills MD, executive director of bank

The Central Bureau of Investigation today examined Punjab National Bank's Managing Director and CEO Sunil Mehta and its Executive Director K V Brahmaji Rao in connection with the Rs 11,400 crore PNB scam allegedly involving diamantaire Nirav Modi and owner of Gitanjali Gems Mehul Choksi, officials said.They said the examination is focussed on understanding how the crime was detected by the bank and other procedural issues and their violations.They are not being treated as accused, the officials ...
 Rediff.com1 day ago
Rediff.com

Must Read: The Great Diamond Heist

'If there is any industry that is unfit for modern corporate form it is the diamond trade.''But no one was asking the right questions.''The music was playing and so the game was on,' says S Murlidharan, former managing director, BNP Paribas. The newspapers are full of stories of how billions vanished from the vaults of PNB. The carefully coiffed young ladies and gents of sundry financial television channels are frothily holding forth on this affair with more anger and indignation than facts ...
 Rediff.com2 days ago
Rediff.com

How to beat rising interest rates and save tax

What are FMPs and should you invest in them?Vivek Agarwal has the answers. With quantitative easing -- the introduction of new money by central banks into the financial system -- being reversed, yields are rising across the world. This trend is exerting pressure on yields in the Indian debt market as well.   In this volatile scenario, one debt mutual fund option that investors can turn to is fixed maturity plans, popularly known as FMPs. These funds have the potential to offer steady and ...
 Rediff.com4 days ago
Rediff.com

Rs 11400-crore PNB fraud case reveals extent of rot in India’s banking sector

In what may be the largest scam of its type, the second largest government-owned bank by asset-value, the Punjab National Bank (PNB), is at the centre of a Rs.11,000 crore bank fraud case. The prime accused, as everyone knows by now, is billionaire jeweler, ...
 Sify5 days ago Over-zealous staffer may have caused Nirav Modi's fall  Rediff.com6 days ago RBI's new reporting format, a naive intern, and the greedy officer: factors that lay bare the Rs 11400 crores scam  Sify1 week ago The story behind Rs 11,000-Crore PNB Scam  catchnews.com1 week ago
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