Saturday, Jan 20 2018 | Time 22:25 Hrs(IST)
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  • Restrictions in parts of Srinagar
  • Russia concerned by Turkish military operation in Syria, calls for restraint
  • Ex-gratia relief for civilians killed in border firing enhanced to Rs 5 lakh: J&K DyCM
  • Forward areas of 5 districts affected by sudden spurt in cross-border firing: J&K Govt
  • Cine stars, Ex MLA and hundreds of BJD and Congress workers join BJP
  • Centre confident of doubling farmers` income by 2022: Radha Mohan
  • Odisha’s export turnover to reach Rs 1 lakh crore by 2025: Samal
  • CM Biren calls for egalitarian society
  • More than 4 crores people to participate in Human Chain in Bihar tomorrow
  • Punjab selected for national award for immense use IT during polls
  • Nine die in plastic factory fire in Bawana Delhi
  • East Bengal get ready to host arch-rivals Mohun Bagan in return I-League Kolkata derby
  • Joint action plan for coastal area security: Collector
  • Philippine troops fight first clash with militants since Marawi battle, six wounded
  • Illegal construction in Shimla: JAC to convene meeting to chalk out strategy for remedial
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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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IndiGo commences Colombo operations

20 Jan 2018 | 7:51 PM

New Delhi, Jan 20 (UNI) In its endeavour to strengthen its growing network, IndiGo, India’s largest and fastest growing carrier on Saturday commenced its operations in Colombo, Sri Lanka.

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ONGC acquires 51.11pc of Govt stake in HPCL

ONGC acquires 51.11pc of Govt stake in HPCL

20 Jan 2018 | 7:11 PM

New Delhi, Jan 20 (UNI) Oil and Natural Gas Corporation Ltd (ONGC), the largest producer of crude oil and natural gas in India, has acquired the President's shareholding of 51 point 11 per cent in Hindustan Petroleum Corporation Limited (HPCL) in furtherance of the budget announcement by the Government of India for creating an ‘oil major’ which will be able to match the performance of international and domestic private sector oil and gas companies.

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Shahnaz Husain Group launches its range of Herbal Deo

20 Jan 2018 | 7:03 PM

New Delhi, Jan 20 (UNI) The Shahnaz Husain Group has launched its exciting range of Herbal Deo fragrances in Indian Market under Brand Name “O”.

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Budget documents printing starts with ‘Halwa Ceremony’

20 Jan 2018 | 6:59 PM

New Delhi, Jan 20 (UNI) The formal printing of Union Budget documents for Financial Year 2018-19 started on Saturday with the traditional Halwa Ceremony in the North Block which houses the office of Finance Ministry.

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MARKET-GUJ-BULLION

20 Jan 2018 | 6:01 PM

Ahmedabad, Jan 20 (UNI) The Ahmedabad Bullion market showed a
divergent trend here today.

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