TMI BlogBanking ServicesX X X X Extracts X X X X X X X X Extracts X X X X ..... Banking Services - News and Press Release Dated:- 24-6-2019 - News - Public Sector Banks (PSBs) lead in the delivery of loan service in many respects. PSBs have taken the initiative for hassle-free and expeditious in principle approval for loans to MSMEs in contactless digital mode through the psbloansin59minutes.com platform, which private sector banks have subsequently on-boarded. PSBs also ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... lead in lending in several loan categories, such as loans for education and for priority sector agriculture and allied activities, in which PSBs account for 96% (as on 30.9.2018, as per RBI data) and 76% (as on 31.3.2019, as per RBI data) respectively of lending by Scheduled Commercial Banks. Further, PSBs have led in extending credit through the overdraft facility available under Pradhan Mantri ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Jan Dhan Yojana (PMJDY) to accountholders having satisfactory conduct of account, accounting for over 99.8% (including through Regional Rural Banks, which are sponsored by PSBs) of the total overdraft amount availed of as on 14.6.2019. In addition, all PSBs have on-boarded the Trade Receivable electronic Discounting System (TReDs) platform, enabling online discounting of trade receivables by MSMEs ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... for faster realisation against the receivables. This was stated by the Union Minister of Finance Corporate Affairs, Smt. Nirmala Sitharaman in a written reply to a question in Lok Sabha today. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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