Study by US-based not for profit, Women’s World Banking, finds that lack of regular income, no control over household money, & societal norms make savings a challenge for women.
Months after the system was put in place by the RBI, bigger lenders with more exposure to the dollar are worried their businesses could be disrupted by sanctions from the US & Europe.
Finance ministry in process of finalising certain provisions like the ‘bail-in’ clause, which had triggered uproar that forced the legislation to be withdrawn in 2018.
Bank unions said that services at over 1 lakh branches across India have been impacted. The strike is against the govt's move to privatise two public sector banks.
Businesses in Indi are expecting sales during Diwali will pick up to levels seen before the pandemic struck early last year. That is in part because banks are eager to lend.
In anticipation that consumers will ease their purse strings during festive season, banks including SBI & HDFC have slashed home loan rates to the lowest level in a decade.
The proposed bad bank or NARCL will pay up to 15% of the agreed value for the loans in cash and the remaining 85% would be government-guaranteed security receipts.
Finance ministry says the proposed revamp will focus on structural reforms, rate rationalisation & ease of living, & will be deliberated upon in the coming weeks.
The project is meant to be a ‘protective shield that will keep expanding’, the PM said. It is on the lines of the ‘Golden Dome’ announced by Trump, it is learnt.
Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.
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