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Business Economy


Randhawa encourages coop banks to compete at par with pvt banks

Chandigarh, Mar 3 (UNI) Punjab Cooperation Minister Sukhjinder Singh Randhawa said the state government is going to revamp the cooperative banks by introducing new schemes including gold loan and insurance schemes to encourage the cooperative banks to compete with private banks.
Mr Randhawa said new recruitment will be done to deal with shortages of staff and for starting net banking and other online banking services will also be introduced to include the cooperative banks in top banks of the state.
The Minister Randhawa was here to inaugurate the workshop on ‘Micro Finance, New Buisness Opportunities for Cooperative Banks’ organised by Punjab State Cooperative Bank in association with NABARD.
Mr Randhawa said there are as many as 802 branches of cooperative banks in the state and due to the lack of professional approach of cooperative banking sector, these banks are lagging behind private banks besides having reach in the remote areas. He added that to compete with private banks, the cooperative banks will have to change its working for the welfare of the rural people by introducing marketing strategies.
He said strict action will be taken against the culprits of corruption and indiscipline. He also directed the bank officials to act tough against major defaulters.
The Minister thanked NABARD for providing financial assistance of Rs 750 crore to Punjab State Agriculture Development Bank and also appealed the NABARD to bound the state government to utilise these funds through cooperative banks which would strengthen them. He said after getting approval from Reserve Bank of India, the District Central Cooperative Banks (DCCBs) will be merged soon in Punjab State Cooperative Banks (PSCBs) which would add strength to these banks and help overcome new challenges as well.
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'My Tirth India' provides services of 'online darshan'

'My Tirth India' provides services of 'online darshan'

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South Korean delegation explores investment opportunities in Sikkim

17 Apr 2021 | 9:49 PM

Gangtok, Apr 17 ( UNI) South Korean delegation consisting of 6 members called on Chief Minister PS Tamang and Minister for Commerce & Industries Bedu Singh Panth. They also met Chief Secretary SC Gupta. Representative of KORA an International Company, based in Seoul, also part of the Korean delegation, highlighted that they were here looking for investment opportunities, manpower availability subsidies available, power supply and local conditions. The delegation, also suggested cultural exchange programme for studies, teaching and employment for Youth from Sikkim to Korea and from there to Sikkim.

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Kalyan Jewellers launches new campaign on wedding season latest brand Muhurat

17 Apr 2021 | 9:43 PM

Hyderabad, Apr 17 (UNI) Kalyan Jewellers, one of India's largest and most preferred jewellery brands, on Saturday announced the launch of a new campaign highlighting it’s wedding jewellery brand Muhurat.

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BYITC announces launch of Abacus, English, Coding learning courses

17 Apr 2021 | 6:06 PM

New Delhi, Apr 17 (UNI) British Youth International College (BYITC), UK based ed-tech, an
online web-based Software learning platform for students, parents, teachers, and schools, is
announcing the launch of one-of-its-kind courses which include Abacus, English, and Coding learning.

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Ramagya Group to launch its B2B E-commerce platform

Ramagya Group to launch its B2B E-commerce platform

17 Apr 2021 | 5:07 PM

New Delhi, Apr 17 (UNI) With 20 brands in different verticals under the parent company, Ramagya Group is going to launch its B2B E-commerce platform 'Ramagya Mart' shortly.

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