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The Scheme is named as ‘Distressed Assets Fund – Subordinate Debt for Stressed MSMEs’ and the credit product for which guarantee would be provided under the Scheme shall be named as ‘Credit Guarantee Scheme for Subordinate Debt (CGSSD)’(hereinafter referred as the ‘Scheme’) To provide guarantee coverage for the CGSSD to...
Regular savings accounts require customers to maintain a minimum average balance (MAB). Generally, banks charge a penalty on non-maintenance of MAB in your saving accounts. The MAB amount and the penalty differ across banks, and also depends on the type of bank account you have.
Life Insurance Corporation (LIC) has announced the IPO and set its price band for the initial public offer (IPO) in the Rs 902-949 range. set its price band for the initial public offer (IPO) in the Rs 902-949 range. LIC is valued at Rs 6 trillion, which is just 1.1...