“While we continue to focus on the Corporate Cluster and Government Business to increase penetration, we have created a new business segment of Commercial (MSME) and Rural Banking to capture the next wave of growth,” Sashidhar Jagdishan, MD, HDFC Bank, said in the latest annual report.
PHNOM PENH, June 26 (Xinhua): The World Bank has approved a US$200 million credit to Cambodia, giving the kingdom a boost to combat the ongoing Covid-19 pandemic and to begin its journey toward economic recovery, said its press statement released to the media.
The credit will help Cambodia deal with the Covid-19 crisis by providing timely and targeted relief to affected people, facilitating robust recovery through structural reforms, and building resilience against future economic shocks, the statement said.
Cambodia is facing an unprecedented economic and social crisis. In 2020 its economy contracted for the first time in 30 years, by 3.1 percent, and is in now in the midst of its worst COVID-19 outbreak since the pandemic began, it said.
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MANILA, June 26 (Xinhua): The World Bank on Friday (June 25) approved a US$400 million loan to support reforms that will assist the Philippine government in achieving a resilient financial sector and help ensure a more inclusive recovery from the Covid-19 pandemic.
The bank said the Philippines First Financial Sector Reform Development Policy Financing loan is the first of two programmes supporting three reform areas, including strengthening financial sector stability, integrity, and resilience.
The loan will also expand financial inclusion for individuals and firms and promote disaster risk finance that protects national budgets and businesses and the lives and livelihoods of families from the impacts of disasters, the bank added.
The govt sought NA's authorisation to borrow Rs26.3tr in the next fiscal year to repay and service loans, which was 81% higher compared to the original demand.