Of total loans disbursed to over 20 lakh street vendors until 29 March, PSBs gave loans to over 18 lakh applicants while private banks distributed loans to just 32,534.
Borrowers of loans up to Rs 2 crore will receive the interest-on-interest credit for the 1 March-31 August period today, in accordance with the Supreme Court order.
Waiver of interest-on-interest for all during the moratorium can minimise moral hazard. Keeping it selective would've run the risk of hurting credit culture.
Credit history only after debt recast would be taken into account for new loans. Banks will allow recast only if income impacted between February and August.
Dinesh Khara, who was one of the SBI MDs handling global banking and subsidiaries, is set to begin his three-year term Wednesday. He succeeds Rajnish Kumar.
SEBI probe concluded that purported loans and fund transfers were paid back in full and did not amount to deceptive market practices or unreported related party transactions.
Many really smart people now share the position that playing cricket with Pakistan is politically, strategically and morally wrong. It is just a poor appreciation of competitive sport.
Private sector banks are beholden to their shareholders. And these shareholders have absolutely no sense of duty/responsibility to nation or society. All they care about is the dividend being paid out to them.
Unless the government initiates very strict action against the managements of such banks they will continue with their profit-only mantra. The managements of such banks must be provided with stiff targets for each such Central scheme and if unable to achieve, accountability must be fixed. Heads must roll.
Private sector banks are beholden to their shareholders. And these shareholders have absolutely no sense of duty/responsibility to nation or society. All they care about is the dividend being paid out to them.
Unless the government initiates very strict action against the managements of such banks they will continue with their profit-only mantra. The managements of such banks must be provided with stiff targets for each such Central scheme and if unable to achieve, accountability must be fixed. Heads must roll.