Mumbai: The Reserve Bank of India’s direction to all lenders to promote and publicise the Gold Monetisation Scheme (GMS) from their branches underscores the intent of the banking regulator to make the Scheme a success, said officials from two private banks.
Narendra Kumar Jain, president of Employers’ Association of Rajasthan is a happy man, thanks to the labour reforms, initiated in 2014-15 under the then Chief Minister Vasundhara Raje.
The rupee recovered from early lows to close higher by 13 paise at 71.14 against the US currency on August 16 in line with firm local equities, defying gains in the greenback overseas and foreign capital outflows.
Public sector banks here held individual consultative meetings with their branch managers in this region/zone on August 17 and 18 and have forwarded their suggestions and issues of concern to the core teams of the respective banks.
Amid widespread concern over the current slowdown in the Indian economy, State Bank of India (SBI) Chairman Rajnish Kumar on Sunday raised the pitch for a stimulus, saying that the credit demand remains subdued.
The ninth round of the FICCI-IBA survey was carried out for the period January to June 2019. A total of 23 banks including public sector, private sector, foreign and small finance banks participated in the survey.