- Click to see E- magazine | Download Here
- For subscription please email us [email protected]
SBI, EIB jointly supports Indian SMEs, announced establishment of Neev Fund II BANK NEWS
"We are pleased to announce the establishment of Neev Fund II as a joint commitment by SBI along with the European Investment Bank (EIB)."--SBI
New Delhi: India's Largest public bank State Bank of India (SBI) and European Investment Bank make joints commitments of up to EUR 45mn to Neev Fund II to champion sustainable solutions in climate change, environment, and socially conscious sectors.
SBI said, "We are pleased to announce the establishment of Neev Fund II as a joint commitment by SBI along with the European Investment Bank (EIB)."
This initiative pledges to support Indian SMEs achieve a pioneering role in climate action and socially conscious investments.
Posted Date : 07-05-21
Categories : BANK NEWS
Tag Cloud: BANK NEWS
Similar news
Bank of Maharashtra emerged as top performer among PSU banks in terms of loan and deposit growth
New Delhi: State-owned Bank of Maharashtra (BoM) has emerged as the top performer among public sector lenders in terms of loan and deposit growth during the financial year 2020-21. The lender recorded a 13.45 percent increase in gross advances at Rs 1.07 lakh crore in 2020-21, as per the published d
Posted Date : 12-06-21
RBI to conduct 3rd tranche of bond buying worth Rs 40,000 crore under GSAP 1.0 on June 17
New Delhi: The Reserve Bank of India (RBI) is set to conduct the third tranche of open market purchase of government securities of Rs40,000 crore under the G-sec Acquisition Programme (G-SAP 1.0) on June 17, 2021.From the total, the state development loans (SDLs) would be purchased up to Rs 10,000 c
Posted Date : 11-06-21
RBI restructure ATM charges after 9 years, will be effective from August 2021
New Delhi: The Reserve Bank of India on Thursday announced the restructured plan of Interchange Fee and Customer Charges of Automated Teller Machines / Cash Recycler Machines. RBI had constituted a Committee in June 2019 under the Chairmanship of the Chief Executive, Indian Banks’ Associ
Posted Date : 11-06-21
RBI can directly print money and finance the government: former RBI governor
New Delhi: The central bank can directly print money and finance the government, but it should avoid doing so unless there is absolutely no alternative, former RBI governor D Subbarao on Wednesday said while pointing out that India is 'nowhere' near such a scenario.
In an interv
Posted Date : 09-06-21
IIFL Home Finance expects loan book growth by 18%
Mumbai: IIFL Home Finance, a subsidiary of IIFL Finance Limited which is a NBFC registered with the Reserve Bank of India (RBI), announced their association and signed MoU with Central Bank of India, one of India’s largest commercial bank for LIG* and MIG** Sector lending for home loans. IIFL
Posted Date : 09-06-21
SBI customer alert: need to do this by June to avail banking services
New Delhi: India's multinational, Public sector banking and financial services statutory body the State Bank of India has announced a notice for its customers. The bank has recently given an update to their customers regarding linking their PAN-Aadhaar by June 30.
The Bank als
Posted Date : 08-06-21
Central Bank ties with Indiabulls to offer home loans under priority sector at competitive rates
New Delhi: Central Bank of India on Monday entered into a strategic Co-lending Partnership with Indiabulls Housing Finance Limited to offer housing loans under priority sector to homebuyers at competitive rates, subject to the compliance with the applicable law(s) including the applicable guide
Posted Date : 08-06-21
RBI imposed a penalty aggregating to Rs 6 crore on BoI & PNB
New Delhi: The RBI on Monday imposed a penalty aggregating to Rs 6 crore on Bank of India and Punjab National Bank NSE -2.32 % for contravention of norms, including one related to "Frauds - Classification and Reporting". A penalty of Rs 4 crore has been imposed on the Bank of India and Rs
Posted Date : 07-06-21
HSBC appoints Hitendra Dave as new CEO for India
New Delhi: Foreign lender HSBC on Monday announced the appointment of bank veteran Hitendra Dave as its new chief executive for India.
Dave, who had been heading the largest profit contributing segment of global banking and markets, succeeds Surendra Rosha, as per an official statement.
Posted Date : 07-06-21
RBI Monetary Policy Committee keeps Repo rate unchanged at 4%
New Delhi: The Governor of the Reserve Bank of India, Shri Shaktikanta
Das has announced that the Policy Repo Rate will remain unchanged at 4%
and that the Marginal Standing Facility and Bank Rate will remain at
4.25%.The Reverse Repo Rate too will remain unchanged at 3.35%.
He informed that
Posted Date : 05-06-21
.jpg)