ICICI Bank & Small Business FinCredit signed a MoU to provide credit to small & medium enterprises. The loans of up to ₹ 1 Cr is for a tenure of 15 years per customer. ICICI Bank will co-originate loan against property with SBFC at a mutually agreed ratio.
Sandeep Bakhshi is the MD and CEO of ICICI Bank.
Centre has infused more than Rs 51,000 crore in public sector banks till December 2018 out of budgetary allocation of Rs 65,000 crore for 2018-19. Non-Performing Assets in the banking sector were close to Rs 10 lakh crore at the beginning of FY19.
NPA – 90 days overdue of principal/ interest payment of a loan.
The 10-day long Indian Panorama Film Festival began in New Delhi. The films to be shown in Festival reflect the economic progress the country has made & changes that society has undergone. Total of 26 Feature Films & 21 Non-Feature Films will be screened.
Senthil Rajan is the director of Directorate of Film Festivals.
Krishnamurthy V Subramanian has resigned as independent director from its board following his appointment as the chief economic advisor to the government. He has been appointed as the CEA for a period of three years.
Bandhan Bank is headquartered in Kolkata.
Andhra Pradesh emerged on top of Asia Competitiveness Institute, Singapore's 2018 Ease of Doing Business Index ABC rankings for economies of 21 states of India, while Maharashtra and Delhi came in second and third place, respectively.
Andhra Pradesh was ranked 5th position in 2016.
Ministry of Road Transport & Highways has launched BhoomiRashi portal to cut short delays & avoid parking of public funds with Competent Authority for Land Acquisition. A BhoomiRashi is web-based portal & automate the entire process of land acquisition.
Nitin Gadkari – Minister of Road Transport & Highways.
The 80th National Table Tennis Championship began at Jawaharlal Nehru Indoor Stadium in Cuttack. Odisha State Table Tennis Association is hosting the championships after a gap of 18 years. The event will conclude on January 9.
Manika Batra is associated with Table Tennis.
World Braille Day is marked annually on January 4 as a means of realizing fully the human rights of visually-impaired and partially-sighted people and bringing written language to the forefront as a critical prerequisite for promoting fundamental freedoms.
The day was proclaimed by the General Assembly last November.
The interest rate on 1-year post office time deposits has been increased by 10 basis points to 7% for Jan-Mar 2019 quarter. The interest rate on 3-year POTD has been reduced by 20 bps to 7%. Interest rates of PPF (8%) & SSY (8.5%) have been kept unchanged.
Finance Ministry fixed Interest rates of Small Saving Scheme.
The Ministry of Women and Child Development will be hosting the 6th ‘Women of India Organic Festival’ in Chandigarh, to celebrate and promote women farmers and entrepreneurs in the organic sector from the remotest parts of India.
Maneka Gandhi - Minister of Women & Child Development.