Cabinet sanctions Rs 973 cr to SBI for ex-gratia payment to borrowers
Briefing media on the Cabinet decision, Information and Broadcasting Minister Anurag Singh Thakur said the Budget had made provision of Rs 5,500 crore for the scheme of ex-gratia payment of difference between compound interest and simple interest for six months to borrowers in specified loan accounts.
India Post Payments Bank customer base crosses 5-crore mark"At India Post, we are committed towards becoming one of the largest financial inclusion networks in India, covering both urban and rural India. Reaching to five crore customers in a short span of 3 years speaks of the success of this model of providing cost - effective, simple, easy and secure digital ecosystem, particularly to rural India," Department of Posts Secretary Vineet Pandey said.
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