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Finance Ministry suggests extending terms of CEOs, EDs at state-owned banks

The finance ministry has recommended extending the tenure of three managing directors and chief executive officers (MDs and CEOs) and 11 executive directors (EDs) of public sector banks, for up to two years or until the age of retirement, whichever is earlier, as it looks to ensure stability and continuity at state-owned lenders amid the pandemic.
The Department of Financial Services (DFS), according to people in the know, has written to the Department of Personnel and Training (DoPT) suggesting the move, before the Banks Board Bureau (BBB) identifies new candidates for the role of bank chiefs.
The letter, written earlier this month, recommended a tenure extension for S S Mallikarjuna Rao, MD and CEO of Punjab National Bank, until January 31, 2022, when he is due for superannuation. Rao’s term as MD and CEO is set to end on September 18 this year. ....

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u gro capital: U GRO Capital launches Pratham, a MSME co-lending program with Bank of Baroda

Synopsis
A wide range of MSMEs including the recently added wholesale & retail traders under priority sector can avail credit via this program.
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The program is accessible to MSMEs across 200 channel touch points around nine locations.
U GRO Capital, a BSE listed, technology enabled small business NBFC, announced on Wedenesday the launch of a co-lending partnership for micro, small and medium enterprises (MSME) with
Bank of Baroda. Termed as ‘Pratham’, the loan disbursements have commenced on the occasion of Bank of Baroda’s 114th Foundation Day. The program has been launched under Reserve Bank of India’s revised co-lending guidelines. ....

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U GRO Capital, Bank of Baroda in tie-up for ₹1,000-crore MSME co-lending

U GRO Capital, Bank of Baroda in tie-up for ₹1,000-crore MSME co-lending
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U GRO Capital launches 'Pratham', a ₹ 1,000 Cr MSME Co-lending Program in partnership with Bank of Baroda

U GRO Capital launches 'Pratham', a ₹ 1,000 Cr MSME Co-lending Program in partnership with Bank of Baroda
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Bank of Baroda, U GRO Capital launch co-lending platform 'Pratham'

Bank of Baroda, U GRO Capital launch co-lending platform 'Pratham'
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.

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