#Indian Bank

[upcomingyojana]

Indian Bank Recruitment 2024 - बैंक भर्ती 2024,10वीं पास

आज के इस आर्टिकल में हम बात करेंगे Indian Bank भर्ती 2024 के बारे में। बैंक की नई भर्ती के बारे में जो अलग-अलग पदों पर भर्ती होगी जिनमें Local Bank Officer and Various Posts का पद होने वाला है इसके साथ-साथ और अन्य पदों पर भर्ती होने वाली है जिसके लिए ऑनलाइन आवेदन मांगे जा रहे हैं तो इस भर्ती में क्या एजुकेशन क्वालीफिकेशन देखने को मिलेगी क्या आयु सीमा रहने वाली कब से कब तक आवेदन करना होगा सारी…

[secretstalks]

Indian Bank is open to lending to MSMEs under special mention accounts, says CEO Shanti Lal Jain

Indian Bank is set to extend loans to micro, small, and medium enterprises (MSMEs) in the Special Mention Account (SMA) category, following a government guarantee announced by Finance Minister Nirmala Sitharaman in the Union Budget 2024. In an exclusive interview, Managing Director and CEO Shanti Lal Jain expressed the bank’s commitment, stating, “We’re open to lending, especially to our customers in SMA 1 and SMA 2, who are eligible for this guarantee.”

The Finance Minister introduced a mechanism aimed at ensuring ongoing bank credit for MSMEs facing stress. This initiative is designed to support MSMEs when they reach the SMA stage due to uncontrollable circumstances, preventing them from falling into non-performing asset (NPA) categories.

Sitharaman noted that this credit support would be backed by a government-sponsored fund, enhancing banks' internal capacities to evaluate MSMEs for credit. She emphasized that a new credit assessment model will be developed, focusing on the digital footprints of MSMEs, rather than relying solely on traditional asset or turnover metrics, making it more inclusive for businesses without formal accounting systems.

Regarding the collection efficiency of MSMEs for the April–June quarter, Jain attributed the decline to several factors, including heat waves, general elections, and seasonal variations. He reported a 2% decrease in collection efficiency in the MSME segment, both year-over-year and sequentially, contributing to a 1% overall drop in collection efficiency from 96% to 95%.

READ MORE

[finfinancesblog]

Click on the link to learn about Indian Bank.

[worldbanksnews]

Definition of Economics?

[vc_row][vc_column][/vc_column][/vc_row][vc_row][vc_column][vc_column_text] Definition of Economics? The word Economics comes from the Greek word Oikonomia. – Oikos (means a household) + Nomos (means management). In a word, Economics is a study of how people use their limited resources to fulfill unlimited wants. According to – Adam Smith (1723 -1790), the founder of economics, described it as a…

[newbussinessideas]

Ashwani Kumar new MD & CEO of UCO Bank | India News - Times of India

KOLKATA: Ashwani Kumar has been appointed as the new MD and CEO of city-based public sector UCO Bank with effect from June one.Prior to this, he was the executive director of the state-owned Indian Bank and is a qualified chartered accountant, a statement by the bank said on Saturday.Kumar, an experienced banker, succeeds S S Prasad as the MD and CEO of UCO Bank.He had earlier worked in Bank of…

[reportwire]

India, Singapore link systems for real-time money transfers

India and Singapore linked their systems that enable real-time money transfers between the two nations, as countries in the region seek to bring down barriers to the quick movement of funds.   Reserve Bank of India’s Governor Shaktikanta Das initiated the first transaction with his counterpart Managing Director Ravi Menon, according to a statement Tuesday by the Monetary Authority of…

[secretstalks]

Indian Bank CEO Announces Lending Support for MSMEs Through Special Mention Accounts

Indian Bank is prepared to extend loans to micro, small, and medium enterprises (MSMEs) in the Special Mention Account (SMA) category, following the government guarantee introduced by the finance minister in the Union Budget 2024, said Managing Director and CEO Shanti Lal Jain in an exclusive interview.

“We’re up for anything. We are open since we are a bank and know that our customers have a history with us. We are lending to our consumers under SMA 1 or SMA 2,” Jain stated, citing the government’s announcement that these two groups would be eligible for the guarantee.

In her Union Budget 2024, Finance Minister Nirmala Sitharaman introduced a new mechanism to ensure the continued provision of bank credit to MSMEs during periods of stress. When MSMEs reach the ‘ special mention account’ (SMA) stage due to circumstances beyond their control, they require credit to sustain their operations and prevent falling into non-performing asset (NPA) issues. According to Finance Sitharaman’s budget address, credit availability will be backed by a guarantee from a fund that is sponsored by the government.

She continued by saying that rather than depending on outside evaluation, state-owned institutions will strengthen their internal capacity to evaluate MSMEs for credit. “They will also lead in developing or getting developed a new credit assessment model based on the scoring of the digital footprints of MSMEs in the economy.”

READ MORE

[forever70s]

Dennis Banks in 1973 & 1974

[newspatron]

Indian Stock Market Updates for November 2023

If you are interested in investing in the Indian stock market, you need to read our comprehensive guide on the Indian stock market updates for November 2023. It will help you gain more knowledge and insight into the market and enable you to make inf.....

Indian Stock Market Updates for November 2023: A Comprehensive Guide The Indian stock market is one of the most dynamic and exciting markets in the world. It offers a plethora of opportunities for investors who are willing to learn, research, and invest carefully. However, it also poses many challenges and risks, especially in times of volatility and uncertainty.That is why we have prepared this…

[statementofjoespookie]

on my tma shit. jon is a srk fangirl. send tweet.

and other things

[triviareads]

I like reading your thoughts on how brown people (and other BIPOCs) are written in billionaire romances. Do you have plans to write a romance with desi characters?

thank you! I've always wanted to try and finish ONE story (literally anything) but I've never actually put in the effort lol. At the moment, I'm just trying to advance my career and I don't super have time or patience for investing the amount of serious effort I'd need to finish literally anything.

But I do have ideas! I've thought about exploring the Indian diaspora in a historical romance; I want to write about a biracial Black/Indian character (characters?) descended in part from indentured Indians brought to Africa or South America or the Caribbean by the British/other Europeans and eventually immigrated to England. I've met Indians who immigrated from Africa, and they grew up with this unique culture that was a mix of African, British, and Indian and it's quite different from Indian culture alone. They or their families were also expelled (in the case of Ugandan Indians) or all but forced to leave (in the case of many Kenyan Indians) Africa, and it's a sad but interesting parallel because of how many of their ancestors were forcibly brought to Africa to begin with.

I've also thought about writing a biracial Anglo-Indian character (historically it would usually mean a white British father, and an Indian mother because, well—) because of the nebulous space they'd occupy in British society; Amita Murray has been doing an amazing job of that in her Marleigh Sisters series. Basically, they're too white to interact comfortably with Indians, too brown to be wholly accepted into British society. A lot of them historically were forced to convert to Christianity and change their names (do you see why "Kate Sharma" except surprise! her name is actually Kathani pissed me off? Why wasn't she always Kathani?).

My ideas for how I'd go about a contemporary romance are a little more vague; I've shelved my idea for a Harlequin-esque romance with an Indian billionaire from India because it was really hard to nail his voice and I spoke with multiple people about this and none of us could quite figure the guy out. So I was recently thinking about pivoting and writing a fake dating romance (and not just because people love that shit rn, though not as much as last year I think) with Indian-Americans but again, I kinda want to contrast experiences. One is the classic rags-to-riches wunderkind who made it (and a lot of that has to do with how their family immigrated to the States and under what circumstances because that's what makes a huge difference imo), and the other is comfortably middle class and they basically end up in a contractual dating situation because Reputation or something.

Anyway, those are my thoughts. TBD on if I go through with them.