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State Co-op Banks & DCCBs have suffered losses: Nabard Report


State Co-op Banks & DCCBs have suffered losses: Nabard Report
Losses due to amalgamation of DCCBs in Kerala: Nabard
Nabard has come out with a 358-page report on the performance of co-op banks during 2019-20, which says that the aggregate accumulated losses of State Co-op Banks have increased from Rs.471 crore to Rs.1,232 crore.
Nabard, however posted a 24 per cent growth in its balance sheet to a record high of Rs 6.57 lakh crore in the financial year ended on March 31, 2021.
Nabard blames the loss on the amalgamation of 13 DCCBs in Kerala with Kerala State Co-op Bank. Seven out of 33 StCBs were having accumulated losses as on 31 March 2020. ....

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Petroleum Ministry launches investment corner on revamped site


Petroleum Ministry launches investment corner on revamped site
February 09, 2021
Petroleum Minister Dharmendra Pradhan×
Minister of Petroleum and Natural Gas & Steel Dharmendra Pradhan on Tuesday launched the Investment Corner under the Project Development Cell (PDC), on the revamped website of the Ministry of Petroleum and Natural Gas.
The Ministry said it has taken this initiative to dedicate a section showcasing investible sectors and opportunities and as a means to channelise investors’ interest to the MOPNG PDC Team.
“On registering with the PDC, the investor can indicate her/his plans to invest in a sector of preference in case of new investor; and seek facilitation in case of any issue/ challenge that may need resolution. This will enable the investor community to reach out to the Ministry,” the statement added. ....

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