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Bharatiya Mahila Bank to be merged with SBI

Bharatiya Mahila Bank to be merged with SBI

New Delhi, March 20 (UNI) Government has decided to merge the Bharatiya Mahila Bank (BMB) with the State Bank of India (SBI) to ensure greater banking services outreach to a larger number of women, at a faster pace. The objectives of affordable credit to women as well as propagation of women-centric products need to be quickly achieved through a wider network and lower cost of funds. The decision to merge BMB with SBI has been taken in view of the advantage of the large network of SBI among other things. In the three years since BMB was established, it has extended loans of Rs 192 crores to women borrowers, while the SBI group has provided loans of about Rs. 46,000 crore to women borrowers. SBI has a large outreach of more than 20,000 branches and lowest cost of funds in the sector. Out of the total workforce of around 2 lakh employees in SBI, 22 per cent are women. SBI group already has 126 exclusive all-women branches across the country while BMB has only seven. The proportion of administrative and managerial cost in BMB is much higher to reach the same coverage. For the same cost, a much higher volume of loans to women could be given through SBI. The Union Government is committed to enhance the access to financial services to the population at large and women in particular. Under the Pradhan Mantri Jan-Dhan Yojana, preference is given to women for overdraft facility. Pradhan Mantri Mudra Yojana had 73 per cent women borrowers in the previous financial year. UNI ADP SHK 1914

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It's cold-blooded murder, will review whole anti-naxal strategy: Rajnath on Sukma attack

It's cold-blooded murder, will review whole anti-naxal strategy: Rajnath on Sukma attack

Raipur/New Delhi, Apr 25 (UNI) Home Minister Rajnath Singh today described the Naxal attack on CRPF jawans which claimed 25 lives as a 'cold-blooded' murder, and said an appropriate response to it would be given to it in due course.

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25 Apr 2017 | 1:08 PM
Malegaon bomb blast: Sadhvi Pragya Singh granted bail

Malegaon bomb blast: Sadhvi Pragya Singh granted bail

Mumbai, Apr 25 (UNI) The Bombay High Court today granted bail to Sadhvi Pragya Singh Thakur in the 2008 Malegaon blast case on a cash surety of Rs 5-lakh with two sureties of the same amount for the bail.

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25 Apr 2017 | 3:30 PM
Turkish warplanes strike Kurdish militants in Syria, Iraq's Sinjar

Turkish warplanes strike Kurdish militants in Syria, Iraq's Sinjar

ISTANBUL/BEIRUT, Apr 25 (Reuters) Turkish warplanes bombed Kurdish militants in Iraq's Sinjar region and in northeastern Syria today, killing at least 18 fighters and officials in a widening campaign against groups affiliated with the outlawed Kurdistan Workers Party (PKK).

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25 Apr 2017 | 4:41 PM
Non-agri income of farmers must be taxed: NITI Aayog

Non-agri income of farmers must be taxed: NITI Aayog

New Delhi, April 25 (UNI) NITI Aayog today advocated for taxing the farmers' non-agriculture income so that the tax net could get widened.

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25 Apr 2017 | 4:59 PM
Nifty breaches 9,300-mark for first time

Nifty breaches 9,300-mark for first time

Mumbai, Apr 25 (UNI) Market benchmark Nifty surged past the 9,300-level for the first time today, fuelled by a rally in Reliance Industries and other bluechips on upbeat earnings.

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25 Apr 2017 | 5:20 PM
Mehbooba meets Army top brass over security situation in Kashmir

Mehbooba meets Army top brass over security situation in Kashmir

Srinagar, Apr 25 (UNI) In the backdrop of the protests by students in the Kashmir Valley over a week, Jammu and Kashmir Chief Minister Mehbooba Mufti today met top brass of Army, State police and other security agencies and discussed the security situation in Kashmir.

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25 Apr 2017 | 4:26 PM
BJP president Amit Shah begins 'Booth Cholo Aviyan' after having lunch in Naxalbari

BJP president Amit Shah begins 'Booth Cholo Aviyan' after having lunch in Naxalbari

Naxalbari, West Bengal, Apr 25 (UNI) Aiming to capture West Bengal in 2021 Assembly elections, BJP president Amit Shah today launched his "Booth Cholo Aviyan" after having a simple veggie lunch at a dalit's tin-roof hut in this erstwhile Naxalite bastion.

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25 Apr 2017 | 5:15 PM
Ensure sanctity of database created, Javadekar urges NAAC

Ensure sanctity of database created, Javadekar urges NAAC

25 Apr 2017 | 5:52 PM

New Delhi, Apr 25 (UNI) Human Resource Development Minister Prakash Javadekar today advised the National Assessment and Accreditation Council (NAAC) authorities to expand its team to make inroads into reaching out to more and more institutions to ensure the 'sanctity and authenticity' of the database created.

Portal for bringing talented children in sports: Goel

Portal for bringing talented children in sports: Goel

25 Apr 2017 | 5:58 PM

New Delhi, Apr 25 (UNI) Union Sports Minister Vijay Goel today said that his ministry is preparing a portal providing information on talented children for the mega events like Olympics, Commonwealth and Asian games.

TCS launches  'Merchant Pay '

TCS launches 'Merchant Pay '

25 Apr 2017 | 3:00 PM

Mumbai, Apr 25(UNI) IT major, Tata Consultancy Services (TCS), today announced the launch of 'Merchant Pay ' a unified transaction solution that will help retail organisations seamlessly integrate payments across multiple payment channels such as Aadhar, Credit or Debit card or even phone-based payments through a single interface.

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