The Rs 10,000 crore outlay will be channelised through the Pradhan Mantri Garib Kalyan Rozgar Yojna.
Banks must ensure all accounts are linked with Aadhaar numbers of respective customers by 31 March 2021, FM Nirmala Sitharaman said.
Carlyle Group appoints Aditya Puri as a senior adviser in Asia as it seeks to source new investment opportunities and strengthen its portfolio companies.
SBI Card reports record spike in bad loans. At the peak of the lockdown due to Covid, it blocks 12.5 lakh cards.
Bank of Baroda slashes Baroda Repo Linked Lending Rate to 6.85% from 7%.
Growth in gold loans was flat in the first quarter because of low disbursements in April and May due to the country-wide lockdown.
Lenders of Dewan Housing Finance (DHFL) are not satisfied with the price offer made by the four bidders for the stressed assets of the housing finance company. They have asked the bidders to sweeten their offer by 31 October.
IMF projects India's public debt-to-GDP ratio to touch new high of almost 90%, up 17 percentage points, on account of Covid-19.
RBI concludes first ever OMO for state government bonds; Kar and Mah account for nearly half of the Rs 10,000-crore purchase.
When asked if the book will reveal the ugly face of corruption, Rajnish Kumar said it "will be a balanced account". SBI is a great institution that makes everyone feel like a family".
SBI MF will have to take its JV partner Amundi on board before it decides to go for IPO; SBI General will have to grow for better valuation before it lists, Rajnish Kumar said.
The other two bidders were US-based Oaktree and Hong Kong-based SC Lowy. The last date to submit bids for DHFL was 17 Oct.
