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RBI has approved the First Loss Default Guarantee (FLDG) programme, which allows fintechs to partner with banks and NBFCs. This move is expected to strengthen the digital lending ecosystem and is seen as positive for data-tech NBFCs and fintechs.
The comments come even as the banking sector is in a cautious mode when it comes to fresh corporate lending and bad loan resolution.
During a virtual press briefing, Atul Kumar Goel, Managing Director and CEO, PNB, said, "We don't have any exposure to Go First Airlines."
New Delhi, May 19: Punjab National Bank on Friday posted a multifold increase in its net profit to Rs 1,864 crore for the quarter ended March 31, 2023, against Rs 338.29 crore in the corresponding period the previous year.
Punjab National Bank on Friday posted a multifold increase in its net profit to Rs 1,864 crore for the quarter ended March 31, 2023