10 entities, including Ujjivan Financial Services and Equitas Holdings, on Wednesday got RBI’s approval to set up Small Finance Banks to provide basic banking services to small farmers and micro indus-tries. Other entities to get the Reserve Bank’s nod are Au Financiers (Jaipur), Capital Lo-cal Area Bank (Jalandhar), Disha Microfin (Ahmedabad), ESAF Microfinance (Chen-nai), Janalakshmi Financial (Bengaluru), RGVN (North East) Microfinance (Guwa-hati), Suryoday Micro Finance (Mumbai) and Utkarsh Micro Finance (Varanasi). The “in-principle” approval will be valid for 18 months to enable these entities comply with the guidelines on Small Finance Banks, RBI said in a statement.
United States
US UNVEILS NEW TRAVEL AND TRADE RULES ON CUBA
WASHINGTON (TIP): The United States rolled out a sweeping set of measures on January 15 to significantly ease the half-century-old embargo against Cuba, opening up the country to expanded travel, trade and financial activities. Defying […]
India
Interim Budget 2014: Cars, consumer durables to be cheaper
NEW DELHI (TIP): Financial markets went in for the interim budget with little expectation, and rightly so, as finance minister P. Chidambaram was not expected to tinker with the existing tax laws. But he still […]
India
37-Year-Old Woman Is AIIMS First Full Body Donor
NEW DELHI (TIP): A 37-year-old woman from Uttarakhand who suffered irreversible brain damage in a haemorrhagic attack has become the first whole body donor at All India Institute of Medical Sciences this year. While her […]
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