As Rose Valley resurfaces, Sudip Bandyopadhyay and Tapas Pal's arrests marks the end of the bonhomie between the TMC and BJP.
While its deposits from Iran accounts have come down from a peak of around Rs 25,000 crore to Rs 2,200 crore, it's been offset by the bank receiving almost Rs 24,000 crore in deposits post note ban.
In areas bordering Bangladesh, some have received strikingly high deposits in Jan Dhan accounts, said sources.
If struggling with dealing with queues of people asking for new notes wasn't enough, banks are now facing the challenge of storing the old notes in their strong rooms.
With over Rs 15,000 crore in deposits, its strategy is a hit for now, but the real test will come when it starts lending to retail and corporate customers in a big way
These banks need to build a significant deposit base to start full-fledged banking.
The state is now under pressure to revise the salaries of its 800,000 employees, which would add to the strain of an already debt-laden state exchequer.
The two states account for 24% of total accounts opened under financial inclusion scheme.
'West Bengal is an industry-friendly state.'
Notably, the present government has been vociferous about the high debt it inherited from the Left Front government
Enthused by India's financial inclusion drive, US-based Accion, one of the biggest micro finance organisations in the world, has renewed its focus in India. Michael Schlein, bottom, left, chief executive officer of Accicon, tells Namrata Acharya in an email interview the Wall Street and Silicon Valley are eager to participate in opportunities presented by the issuance of the small finance and payment bank licences, the expanded banking correspondent opportunities, and the Jan-Dhan Yojna.
Financial inclusion has been on the top of the govt's top agenda.
China accounts for more than one-third of the apparel export market
Dalhousie square has close to 55 historic landmarks.
This time, the price of potato had shot up to Rs 50 per kg.
In urban India, the fall in rice consumption was 0.2 kg per person per month.
For India's leading MFI-turned bank, the challenge is to stay competitive while pricing its loans
There are perks for banking with the newest bank in India.
RBI has allowed NRIs to invest in chit fund companies on a non-repatriation basis, subject to certain conditions
The Kabuliwalas of Kolkata, traditional moneylenders, have seen their numbers shrink.
© 2025 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances