RBL Bank is currently trading at Rs. 258.05, up by 5.65 points or 2.24% from its previous closing of Rs. 252.40 on the BSE. The scrip opened at Rs. 259.95 and has touched a high and low of Rs. 266.55 and Rs. 255.65 respectively. So far 608884 shares were traded on the counter. The BSE … Read more
Mumbai: RBI’s measures to curb bank finances in some segments of NBFCs appear to have slowed down growth for finance companies. Loans sanctioned by NBFCs fell from Rs 4.47 lakh crore in Q2 FY23 to Rs 4.28 lakh crore in Q3 FY24 — a decline of 4.2% quarter-on-quarter. Compared to the year-ago period, loans fell … Read more
Punjab National Bank is currently trading at Rs. 77.25, up by 0.14 points or 0.18% from its previous closing of Rs. 77.11 on the BSE. The scrip opened at Rs. 77.50 and has touched a high and low of Rs. 78.20 and Rs. 76.01 respectively. So far 4525895 shares were traded on the counter. The … Read more
Canara Bank is currently trading at Rs. 375.45, up by 0.80 points or 0.21% from its previous closing of Rs. 374.65 on the BSE. The scrip opened at Rs. 377.75 and has touched a high and low of Rs. 378.15 and Rs. 372.50 respectively. So far 203767 shares were traded on the counter. The BSE … Read more
Mumbai : The Reserve Bank of India on Monday notified the enhancement of collateral free loans to self-help groups (SHGs) from Rs 10 lakh to Rs 20 lakh under Deendayal Antyodaya Yojana – National Rural Livelihoods Mission (DAY-NRLM). The DAY-NRLM is the flagship programme of Government of India for promoting poverty reduction through building strong … Read more
However, Devika Rajan from Gogunga Village in Rajasthan – well-known as ‘Devika didi’ refused to give up and decided to manage the financial crisis.Work at construction sights came to a halt, and her husband Devendar was left with no choice but to close down hiswelding shop in 2020. Further, the small cosmetics shop lead by Devikaat the … Read more
Under the 100% Emergency Credit Line Guarantee Scheme (ECLGS) backed by a Government of India guarantee, Banks from Public & Private Sectors have sanctioned loans worth over Rs. 1.5 lakh crore as of 18th August, 2020, of which more than Rs 1 lakh crore has already been disbursed. The ECLGS was announced by the Government as a part … Read more
