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Bank credit grows at 12.64%, deposits at 7.61% Mumbai: India's bank credit increased 12.64 per cent year-on-year to Rs 85,51,099 crore (US$ ASD) while bank deposits advanced 7.61 per cent to Rs 1,13,92,165 crore (US$ ASD) in the fortnight ended May 11, 2018....

PTI May 24, 2018

Cabinet may consider amendments to Insolvency & Bankruptcy Code today New Delhi: The Union Cabinet, Government of India is expected to promulgate an ordinance in order to amend the current Insolvency and Bankruptcy Code (IBC)....

Business Standard May 23, 2018

Four years of Modi govt: Jan Dhan Yojana brings down inequality, leakage New Delhi: Around 315 million accounts have been opened under the Jan Dhan Yojana as of May 2, 2018 of which 185.8 million are from rural and semi-urban areas of India having total deposits of Rs 813 billion (US$ 11.94 billion)....

Business Standard May 22, 2018

Credit card attraction goes beyond big cities; loan growth remains flat Kolkata: Online credit card spending in India increased 31 per cent year-on-year in 2017-18 to reach Rs  686 billion (US$ 10.08 billion), backed by increasing credit card customers form tier-II and tier-III cities, as per data from RBI....

Business Standard May 21, 2018

Maha has Rs 3.70-tn credit potential under PSL in FY19: Nabard Mumbai: Credit disbursal under priority sector lending in Maharashtra is estimated to reach Rs 3.70 lakh crore (US$ 54.91 billion) in FY19, according to National Bank for Agriculture and Rural Development....

PTI May 11, 2018
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