CM urges banks to support ‘investment-friendly Kerala’ drive
1 year, 8 months ago

CM urges banks to support ‘investment-friendly Kerala’ drive

The Hindu  

Chief Minister Pinarayi Vijayan on Wednesday sought the support of commercial banks for the State government’s drive to attract investments to Kerala. Inaugurating the first meeting of the State-level Bankers’ Committee in the 2023-24 fiscal, Mr. Vijayan said Kerala has a favourable environment for investments today. Commercial banks also plays a major role, as do cooperative banks, in sustaining the growth trajectory in the agriculture sector, Mr. Vijayan said. Canara Bank executive director Hardeep Singh Ahluwalia, Reserve Bank of India regional director Thomas Mathew, SLBC Kerala convener S. Premkumar also spoke.

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History of this topic

Banks’ margin party is drawing to a close
1 year, 5 months ago

Banks’ margin party is drawing to a close

Live Mint  

The stellar rebound in India’s banking sector performance has been in focus in the recent quarters. Much of this is owing to the robust systemic bank credit growth and the sharp rise in lending rates, resulting in a significant improvement in the net interest margins of banks in the backdrop of RBI’s monetary tightening. As per RBI data, SCBs’ weighted …

CM Jagan sees strong signs of economic recovery
2 years, 6 months ago

CM Jagan sees strong signs of economic recovery

Deccan Chronicle  

VIJAYAWADA: Chief Minister Y.S. Jagan Mohan Reddy on Thursday released the state-level bankers committee 2022–23 annual credit plan of Rs 3,19,480 crore, of which Rs 1,64,740 crore is earmarked for agriculture. Jagan said it is commendable that despite the constraints, the annual credit plan target for 2021–22 has surpassed to 133.19 per cent and added that the banks have achieved …

Kerala CM seeks banks’ cooperation to tackle Covid financial crisis
3 years, 4 months ago

Kerala CM seeks banks’ cooperation to tackle Covid financial crisis

Live Mint  

As the COVID-19 pandemic has gravely wounded Kerala's economy, Chief Minister Pinarayi Vijayan on Thursday sought increased cooperation of banks to deal with the crisis. Also referring to the state government's memorandum to the Centre seeking to put in place a moratorium on repayment of loans till December 31, 2021 in order to provide relief to people hit by COVID-19 …

Kerala CM seeks moratorium on loan repayment
3 years, 4 months ago

Kerala CM seeks moratorium on loan repayment

The Hindu  

Chief Minister Pinarayi Vijayan on Thursday sought more cooperation from banks for effectively overcoming the pandemic-induced economic downturn. Mr. Vijayan urged the banks to ensure maximum coverage for farmers, dairy farmers and fishers under the Pradhan Mantri Kisan Samman Nidhi. The Chief Minister encouraged banks to provide liberal assistance to agricultural production groups that are being formed under the State …

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