National Payments Corp to launch three cards

Last Updated: Monday, September 7, 2015, 15:13

The company will launch a 'Mudra' card, a credit card and an international card, its Chairman M Balachandran told reporters here.

Finance Ministry may introduce MUDRA Bill in Budget session

Last Updated: Sunday, September 6, 2015, 14:42

The existing Pradhan Mantri Micro Units Development and Refinance Agency (MUDRA) Yojana is being executed through NBFC registered with RBI.

Senior BJP leaders to discuss, review Mudra Scheme

Last Updated: Tuesday, September 1, 2015, 13:41

BJP President Amit shah has called a meeting to discuss the functionality and implementation of Mudra Bank. More than a dozen senior BJP leaders will attend the meeting scheduled for Tuesday.

Loans under PMMY to double to over Rs 1 lakh cr by March

Last Updated: Wednesday, August 19, 2015, 13:16

Since the launch of the scheme in April by Prime Minister Narendra Modi, about Rs 14,000 crore worth of loans have been disbursed under the scheme to 20 lakh people.

India becoming more aspirational than politicians: Jaitley

Last Updated: Tuesday, August 18, 2015, 19:13

Terming the recent Parliament session as 'virtually wasted', Finance Minister Arun Jaitley today said policymakers and "obstructionist" politicians must gauge the public mood before taking a position on reforms.

HC exempts Adani group from paying duty retrospectively

Last Updated: Thursday, July 16, 2015, 00:00

The Gujarat High Court on Wednesday set aside a 2010 notification of the union government which levied customs duty on electricity transfer by Adani Power Limited from its Special Economic Zone at Mundra to domestic areas with retrospective effect.

IDBI signs refinance agreement with Mudra Bank

Last Updated: Tuesday, July 7, 2015, 16:21

State-run IDBI Bank on Tuesday said it has signed an agreement with Mudra Bank for refinancing of loans given to small enterprises.

Corporation Bank launches MUDRA Card

Last Updated: Saturday, July 4, 2015, 21:06

State-owned Corporation Bank on Saturday launched MUDRA (Micro Units Development and Refinance Agency) Card for small enterprises, based on the RuPay platform.

Bank of Maharashtra, MUDRA seal pact to finance small business

Last Updated: Sunday, June 28, 2015, 17:23

Under the new scheme, there are three categories of loans, 'Shishu' (loan of up to Rs 50,000), 'Kishor' (loan above Rs 50,000 up to Rs 5 lakh) and 'Tarun' (above Rs 5 lakh and up to Rs 10 lakh), that will be sanctioned and disbursed by banks, it said.

Mudra Bank panel to meet today

Last Updated: Thursday, June 25, 2015, 08:51

Mammen said Mudra Bank has already received a non-banking finance company (NBFC) licence from the Reserve Bank of India (RBI) and is registered under the Companies Act.

Loans to small businesses may double to Rs 1lakh cr: Jaitley

Last Updated: Friday, June 12, 2015, 20:34

Officials from the Department of Financial Services (DFS) updated the Finance Minister on the subsequent steps taken in this regard following the setting up of MUDRA Bank.

Finance Minister to meet heads of PSU banks tomorrow

Last Updated: Friday, June 12, 2015, 12:37

The top 30 defaulters are sitting on bad loans of Rs 95,122 crore, which is more than one-third of the entire NPAs of public sector banks. It amounts to 36.50 percent.