TaxTMI 
TaxTMI 
Banking Services
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....anking Services <br>News and Press Release<br>Dated:- 24-6-2019<br><BR>Public Sector Banks (PSBs) lead in the delivery of loan service in many respects. PSBs have taken the initiative for hassle-free ....
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....and expeditious in principle approval for loans to MSMEs in contactless digital mode through the psbloansin59minutes.com platform, which private sector banks have subsequently on-boarded. PSBs also le....
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....ad in lending in several loan categories, such as loans for education and for priority sector agriculture and allied activities, in which PSBs account for 96% (as on 30.9.2018, as per RBI data) and 76....
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....% (as on 31.3.2019, as per RBI data) respectively of lending by Scheduled Commercial Banks. Further, PSBs have led in extending credit through the overdraft facility available under Pradhan Mantri Jan....
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.... Dhan Yojana (PMJDY) to accountholders having satisfactory conduct of account, accounting for over 99.8% (including through Regional Rural Banks, which are sponsored by PSBs) of the total overdraft am....
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....ount availed of as on 14.6.2019. In addition, all PSBs have on-boarded the Trade Receivable electronic Discounting System (TReDs) platform, enabling online discounting of trade receivables by MSMEs fo....
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....r faster realisation against the receivables. This was stated by the Union Minister of Finance & Corporate Affairs, Smt. Nirmala Sitharaman in a written reply to a question in Lok Sabha today.<BR> Ne....
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....ws - Press release - PIB....