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Home >> News >> Government Planning to Make Bank Loan Easier for Non-Defaulter

Government Planning to Make Bank Loan Easier for Non-Defaulter

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IndiaNewsonWeb: 27 Jan, 2018, In addition to opening the treasury for the public sector banks, the government is also making preparations to provide honesty to the installers. Financial Services Secretary Rajiv Kumar says that after the current reforms, it would be easier for honest borrowers to take loans from public sector banks.

The government announced several reforms in the banking sector this week. According to this, the public sector banks will be given capital of Rs 88,139 crore before March 31. This will strengthen the borrowing. Announcing the reforms, Finance Minister Arun Jaitley had said that strict rules have been set to provide big loans.

The big loan defaulter will be closely monitored. It has also been mandatory to report violation of any rule in case of debt of more than Rs1 crore. The financial services secretary said, "The main purpose of this reform process announced by the government is to reward the integrity of the borrowers and to make the arrangement of credit easy and unmanageable for the needs of the right bankers," Kumar said that besides the various technical measures, GST Banks will also get a lot of information about cash flows from the returns. On this basis, banks can also decide on the approval of bank loans. Under the said steps, special focus will be given to micro, small and medium enterprises (MSMEs), financial inclusion and employment generation.

Their ratings have improved after the government announced to invest Rs 88,139 crore in public sector banks. International rating agency Crisil has stabilized the rating of 18 public sector banks by negative. The agency says that the revenues will increase the capital flows in the banks only, their balance sheets will also improve. The rating of 18 government banks has been improved by the Mumbai-Patra government: Rs 88,139 crore in public sector banks After the announcement, their ratings have improved. International rating agency Crisil has stabilized the rating of 18 public sector banks by negative. The agency says that with reinvestment, capital inflows will increase in banks only, their balance sheet will also improve.

 

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