Banking operations in Karnataka partially affected by strike
March 15, 2021
Banking operations in Karnataka were affected at the branch level by the two-day strike called by the All India Nationalised Bank Officers’ Federation (AINBOF) on March 15 and 16 to oppose the Centre’s move to privatise public sector banks which was announced in the Budget 2021.. RRB unions have joined the strike and are demanding implementation of the 11th bipartite settlement.
“The services affected were cheque collection and clearing. However, at zonal, regional and head offices, operations were normal,” said a senior bank officer.
AINBOF is the largest trade union focused on the welfare of officers of the nationalised banks.
SBI CBO Final result 2021 released at sbi co in, check direct link here dnaindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dnaindia.com Daily Mail and Mail on Sunday newspapers.
ET Money NEWS
Powered by
Banks, NBFCs or maybe fintechs. Who is in a better position to plug the $240 billion credit gap for MSMEs?
Synopsis
With technology transforming the lending landscape, are traditional lenders losing sheen and who’s best placed to lend to SMEs?
For 65 million Indian MSMEs that contribute over 45% of the nation’s manufacturing output, a lack of timely and adequate access to funding remains their Achilles’ heel. A report by an IFC-Intellecap in 2019 on unmet
credit gap had pegged it at around a massive $240 billion (about Rs 17.40 lakh crore).
Given the vulnerabilities faced by small businesses today, the MSME sector’s liquidity needs have witnessed a spike. As MSMEs scramble to raise
Share this article
Share this article
ResearchAndMarkets.com s offering.
The Indian Microfinance Market is anticipated to grow at a brisk CAGR of more than 40% through 2025, predominantly on account of increasing demand for microfinance loans from the MSME sector.
The main objective of microfinance organizations is to give a chance to low-salary borrowers to become self-sufficient. This sector plays an important role in promoting inclusive growth by providing credit to borrowers who fall under BPL (Below Poverty Line) category. This industry is also helping women from rural areas to avail small loans at affordable rates to earn their livelihood.
Based on types, the Indian Microfinance Market is segmented into banks and non-banks. In India, bank are the preferred sources for Microfinance. Banks dominated the market in 2020 and the trend is likely to continue in the coming years as well. This is on account of banks offering attractive interest rates compared to non-banking insti