rural banks

Cabinet releases Rs.10,091 crore for crop loan subsidies


September 6th, 2012 - 10:11 pm ICT by IANS
New Delhi, Sep 6 (IANS) To ease the burden on farmers specially in drought-hit areas, the cabinet Thursday decided to release Rs.10,901 crore to banks as interest subvention for ... Read more...

Posted in Business |

Cabinet nod for continuing farmers’ loan scheme


September 6th, 2012 - 9:39 pm ICT by IANS
New Delhi, Sep 6 (IANS) The government Thursday approved a proposal to continue interest subvention to public sector banks (PSBs), regional rural banks (RRBs), cooperatives banks and NABARD to ... Read more...

Posted in Business |

Banking services hit for second day in India (Lead)


August 23rd, 2012 - 4:12 pm ICT by IANS
New Delhi, Aug 23 (IANS) Banking services were paralysed for a second straight day Thursday as almost one million employees of public and private sector banks struck work protesting against ... Read more...

Posted in Business |

Banking services in Bengal paralysed for second day


August 23rd, 2012 - 1:03 pm ICT by IANS
Kolkata, Aug 23 (IANS) Banking services in West Bengal remained paralysed for the second consecutive day Thursday, the last day of the two-day nationwide stir called by employees of ... Read more...

Posted in Business |

Banking activity in Bengal comes to standstill


August 22nd, 2012 - 2:00 pm ICT by IANS
Kolkata, Aug 22 (IANS) Banking activities in West Bengal came to a standstill as most union members joined the two-day nationwide strike from Wednesday to protest against the proposed Banking ... Read more...

Posted in Business |

NABARD registers 24.2 percent loan growth in Bengal (Lead)


April 4th, 2012 - 6:09 pm ICT by IANS
Kolkata, April 4 (IANS) The National Bank For Agriculture And Rural Development (NABARD) has loaned Rs.2,784.39 crore to financial institutions of West Bengal and the state government during the last ... Read more...

Posted in Business |

NABARD registers 24.2 percent loan growth in Bengal


April 4th, 2012 - 4:50 pm ICT by IANS
Kolkata, April 4 (IANS) The National Bank For Agriculture And Rural Development (NABARD) has loaned Rs.2,784.39 crore to financial institutions of West Bengal and the state government during the ... Read more...

Posted in Business |

Tripura tops in average employment under rural jobs scheme


March 29th, 2012 - 9:05 pm ICT by IANS
Agartala, March 29 (IANS) Tripura continues to be the leading state in the country in terms of average employment under the rural jobs scheme, with the state providing 72.39 person-days ... Read more...

Posted in Politics |

Centre for rural financing institutions to come up in Mumbai


March 21st, 2012 - 8:40 pm ICT by IANS
Mumbai, March 21 (IANS) A Centre for Excellence for Rural Financial Institutions (CERFI) would come up here to help regional rural banks (RRBs) and cooperative banks and other rural financial ... Read more...

Posted in Sci-Tech |

Budget highlights 8


March 16th, 2012 - 4:12 pm ICT by IANS
* Cinema industry exempted from service tax.* Service tax rate raised from 10 percent to 12 percent to bring in Rs.18,660 crore.* Excise duty raised from 10 to 12 percent.* ... Read more...

Posted in Business |

Budget highlights 7


March 16th, 2012 - 2:04 pm ICT by IANS
* Income tax exemption limit raised to Rs.2 lakh to provide relief of relief of Rs.2,000 for assessees in this catergory; 20 percent tax on income over Rs.10 lakh, up from ... Read more...

Posted in Business |

Budget highlights 4


March 16th, 2012 - 1:15 pm ICT by IANS
* Infusion of Rs.15,888 crore in public sector banks, regional rural banks and NABARD in 2012-13.* Infrastructure will require Rs.50 lakh crore in 12th Plan, half of this from the private ... Read more...

Posted in Uncategorized |

RBI to act against banks not beefing up cyber security


January 27th, 2012 - 7:41 pm ICT by IANS
Chennai, Jan 27 (IANS) The Reserve Bank of India (RBI) will act against banks that do not implement its guidelines on electronic security of their transactions and operations by October ... Read more...

Posted in Sci-Tech |

Bankers to discuss cyber security


January 26th, 2012 - 8:06 pm ICT by IANS
Chennai, Jan 26 (IANS) Bankers and cyber experts will meet here Friday to discuss securing electronic banking transactions and improving customer convenience, an official said.The seminar 'Banking on e-Security - ... Read more...

Posted in Business |

Mukherjee hopes inflation decline will continue (Lead)


December 18th, 2011 - 9:52 pm ICT by IANS
Bangalore, Dec 18 (IANS) Finance Minister Pranab Mukherjee said Sunday he hoped that the declining trend in headline inflation will continue and go down to six to seven percent ... Read more...

Posted in Business |

Step up efforts on financial inclusion: Pranab


December 18th, 2011 - 7:17 pm ICT by IANS
Bangalore, Dec 18 (IANS) Finance Minister Pranab Mukherjee Sunday asked southern states to intensify efforts to expand financial services such as banking and insurance to rural areas."Out of 14,612 ... Read more...

Posted in Business |

Tripura provides most jobs under NREGA


December 10th, 2011 - 4:46 pm ICT by IANS
Agartala, Dec 10 (IANS) Tripura has once again topped all the states in implementing the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), which guarantees minimum job days to people ... Read more...

Posted in Business |

RBI urges Bengal to recapitalise rural banks


December 7th, 2011 - 11:19 pm ICT by IANS
Kolkata, Dec 7 (IANS) The Reserve Bank of India (RBI) Wednesday urged the West Bengal government to provide Rs.83 crore recapitalisation of the state's three regional rural banks (RRBs), ... Read more...

Posted in Business |

Max Bupa bids for state health insurance in three states


October 18th, 2011 - 12:03 am ICT by IANS
Kolkata, Oct 17 (IANS) Health insurance provider Max Bupa has bid for a product distribution tender under the Rashtriya Swasthya Bima Yojna (RSBY) scheme in three states, a top company ... Read more...

Posted in Business |

Bank branches to come up in 43,000 new rural areas


August 22nd, 2011 - 9:18 pm ICT by IANS
New Delhi, Aug 22 (IANS) The government has told banks to open branches in over 43,000 new rural locations during the current financial year that would bring all habitations with ... Read more...

Posted in Uncategorized |

Lending to farm sector exceeds target


August 2nd, 2011 - 8:58 pm ICT by IANS
New Delhi, Aug 2 (IANS) Bank-lending to the farm sector rose to Rs.4,46,779 crore in 2010-11, almost 20 percent higher than the official target of Rs.3,75,000 crore, Minister of State ... Read more...

Posted in Business |

Pranab to review banks’ performance


July 7th, 2011 - 5:20 pm ICT by IANS
New Delhi, July 7 (IANS) Finance Minister Pranab Mukherjee will meet chief executives of public sector banks and financial institutions Friday to review their annual performance, a statement said.The ... Read more...

Posted in Business |

Rural banks in Bengal facing staff, skill deficit


July 3rd, 2011 - 11:39 am ICT by IANS
Kolkata, July 3 (IANS) Not all is well with the Regional Rural Banks in West Bengal that are plagued by inadequate staff, lack of required technical upgradation and the authorities' ... Read more...

Posted in Business |

Rural info through mobile SMS in Tripura


June 24th, 2011 - 5:07 pm ICT by IANS
Agartala, June 24 (IANS) For swift communication of government decisions and announcement relating to rural affairs, the Tripura government will use the SMS system, a minister said Friday."Government decisions relating ... Read more...

Posted in Uncategorized |

Bank employees to strike work July 7


June 21st, 2011 - 9:24 pm ICT by IANS
Mumbai, June 21 (IANS) Nearly one million employees from public, private and foreign banks will join a nationwide strike July 7 to oppose proposed amendments to banking-related laws, a representative ... Read more...

Posted in Business |

RBI to open more offices in northeast


May 5th, 2011 - 3:28 pm ICT by IANS
Agartala, May 5 (IANS) The Reserve Bank of India (RBI) will set up offices in all northeastern states for better monitoring of banking services in the region, a senior official ... Read more...

Posted in Business |

Banking services to all Indians by next year: RBI


March 26th, 2011 - 5:07 pm ICT by IANS
Agartala, March 26 (IANS) Mainstream banking services would be provided to all unbanked semi-urban, rural and remote areas having population of 2,000 by next year, top Reserve Bank of India ... Read more...

Posted in Business |

Inclusive growth biggest challenge for country: Pranab


March 12th, 2011 - 10:25 pm ICT by IANS
New Delhi, March 12 (IANS) The biggest challenge for India today is to ensure inclusive growth, Finance Minister Pranab Mukherjee said Saturday.Financial inclusion is an important priority of the ... Read more...

Posted in Business |

Biggest challenge before nation is to ensure inclusive growth: Mukherjee


March 12th, 2011 - 6:57 pm ICT by ANI
New Delhi, Mar 12 (ANI): Union Finance Minister Pranab Mukherjee on Saturday said the biggest challenge before the nation today is to ensure inclusive growth.Speaking on the occasion of 106th ... Read more...

Posted in National |

Wipro-Canara Bank ink rural banking deal


March 10th, 2011 - 10:43 pm ICT by IANS
Bangalore, March 10 (IANS) Global software major Wipro Infotech Thursday signed a five-year deal with state-run Canara Bank to implement its regional rural bank initiative.To begin with, the IT bellwether ... Read more...

Posted in Business |

State-run banks get Rs.6,000 crore


February 28th, 2011 - 3:42 pm ICT by IANS
New Delhi, Feb 28 (IANS) To strengthen the banking sector in India, the government Monday said it will allocate Rs.6,000 crore to public sector banks and Rs.500 crore to regional rural ... Read more...

Posted in Business |

Finance Minister promises to strengthen regional rural banks


February 28th, 2011 - 3:14 pm ICT by ANI
New Delhi, Feb 28 (ANI): Union Finance Minister Pranab Mukherjee on Monday said the regional rural banks will be strengthened to enable them to maintain a Capital to Risk Weighted Asset ... Read more...

Posted in National |

Pranab Mukherjee promises more rural banks


February 11th, 2011 - 2:31 pm ICT by ANI
New Delhi, Feb 11 (ANI): Union Finance Minister Pranab Mukherjee has said banking services would be rolled out in 20,000 villages which have no banks with a population of over 2,000 ... Read more...

Posted in National |

72,000 more villages to get banking services by 2012


February 6th, 2011 - 3:27 pm ICT by IANS
Agartala, Feb 6 (IANS) The Reserve Bank of India (RBI) has asked all the commercial banks to take banking services, in any form, to 72,000 uncovered villages in India by 2012, a ... Read more...

Posted in Business |

Tripura Gramin Bank posts profit for 10th year in row


December 22nd, 2010 - 3:40 pm ICT by IANS
Agartala, Dec 22 (IANS) Tripura Gramin Bank (TGB) posted a net profit of Rs.35.35 crore, the highest among the regional rural banks (RRBs) in eastern and northeastern India, in the last fiscal, ... Read more...

Posted in Business |

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