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Monday, May 13, 2024

Public Sector Banks (PSBs)

Share of financial transactions undertaken through home and mobile channels increased from 29% in FY2018-19 to 76% in FY2020-21

Nearly 72% of financial transactions of PSBs done through digital channels The Government has taken a number of steps to facilitate digital banking, doorstep banking services and digital lending platforms. Initiation of digital lending has been made contactless through PSBloansin59minutes.com, using...

Factual position in respect to Service Charges levied by banks

There have been several media reports alluding to steep increase in service charges by certain Public Sector Banks (PSBs). In this context, the factual position is as follows: Basic Savings Bank Deposit (BSBD) accounts including Jan Dhan accounts -...

Cabinet approves modifications in the existing “Partial Credit Guarantee Scheme (PCGS)”

The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has approved the Sovereign portfolio guarantee of up to 20% of first loss for purchase of Bonds or Commercial Papers (CPs) with a rating of AA and below...
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Latest News

MedTech Industry Focus: Policy Shifts for Global Impact

Industry experts gathered at the Meditech Stackathon 2024 to address import dependency in India's MedTech sector. The event, hosted...
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