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FM Smt. Nirmala SItharaman's Presentation on amalgamation of National Banks and it's benefits


Union Minister of Finance & Corporate Affairs Smt. Nirmala SItharaman's Presentation on amalgamation of National Banks

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Quick Follow-up on Measures Announced on 23.8.19

Announcements

 

Union Minister of Finance & Corporate Affairs Smt. Nirmala SItharaman's Presentation on amalgamation of National Banks

1.Banks to launch Repo rate linked loan products -8 PSBs have launched repo-linked
home/vehicle/mortgage/cash-credit loans

2.Customer Ease: Time-bound return of loan documents -Instructions issued. To be enforced through
CBS. Regional Managers responsible.

3.Customer Ease: Online tracking of loan applications - Implementation initiated with Retail/MSME on
Loan Management Systems

4.Transparent One Time Settlement (OTS) Policy - Instructions issued

5.Support to NBFCs/HFCs: Partial Credit Guarantee- Sanction begun with ~₹ 3,300 crore and ~₹ 30,000 crore more in pipeline

6.Co-origination of loans by PSBs jointly with NBFCs - Bank-NBFCs tie-ups with 4 NBFCs already
in place. More in pipeline.

PNB + Oriental Bank of Commerce + United Bank

2 nd largest PSB with business of ₹ 17.95 lakh crore (~1.5 times PNB) And 2 nd largest branch network in India, with 11,437 branches

Read more  Download Union Minister of Finance & Corporate Affairs Smt. Nirmala SItharaman's Presentation on amalgamation of National Banks

Union_Minister_of_Finance_&_Corporate_Affairs_Smt._Nirmala_SItharaman's_Presentation_on_amalgamation_of_National_Banks-20190830065242.pdf

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