Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) organised a webinar on “Facilitating Credit through Guarantee” on June 23, 2023. This virtual event was aimed to explore the vital role of credit guarantees in promoting economic growth, fostering entrepreneurship, and facilitating access to finance for businesses. The webinar …
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World Bank Group Announces to Support Countries After Natural Disasters
Seema Javed The World Bank Group today announced a suite of new and expanded actions to help countries respond quickly and effectively to an ever-growing onslaught of crises. At the Summit for a New Global Financial Pact, Ajay Banga announced an expanded toolkit for crisis preparedness, response, and recovery that …
Read More »SIDBI organized MSME Outreach Program With IIA At Lucknow
SIDBI, Lucknow Branch Office organized an “MSME Outreach Program-2023” joining hands with Indian Industries Association (IIA) at Lucknow. The outreach event was aimed to disseminate information amongst MSMEs about direct credit products being offered by SIDBI with emphasis on creating awareness about various digital and latest initiatives being undertaken by …
Read More »NEW RESEARCH shows fossil fuel indebtedness undermining net zero
Seema Javed • New research from global affairs think tank ODI highlights the worrying scale of fossil fuel indebtedness in low- and middle-income countries. • Over-reliance on fossil fuel extraction to service debt has locked many countries into a vicious cycle – even when oil and gas prices are high. …
Read More »World needs 70% renewables in the power mix and must cut global fossil production 40% by 2030
Dr. Seema Javed The rapidly falling costs of wind and solar mean that carbon capture and storage (CCS) is not a cost-effective way decarbonising the power sector. Our Paris-compatible pathways show at best a marginal role for fossil CCS, which makes up only 0.1% of global electricity generationin 2030. A …
Read More »PNB Organizes Rajbhasha Convention and Workshop
Punjab National Bank (PNB), nation’s leading public sector bank, organized a convention and workshop for the Chairman and Secretaries of the Town Official Language Implementation Committees (TOLIC) at its headquarters in Dwarka. On this occasion, the bank released a book `Rajbhasha Path-Pradarshak’ published by the Rajbhasha department. The event and …
Read More »Federal Bank introduces Platinum Wealth Builder Plan for its customers in association with Ageas Federal Life Insurance
Federal Bank in association with Ageas Federal Life Insurance, India’s leading private life insurance company, announced the launch of ‘Ageas Federal Life Insurance Platinum Wealth Builder Plan’, a special offering for Federal Bank customers. A non-participating unit-linked life insurance plan, it offers life cover and market-linked returns that help you …
Read More »Union Bank of India Honoured with Prestigious Infosys Finacle Innovation Awards 2023
Union Bank of India, a leading bank in India, is proud to announce that it has been awarded Seven (7) prestigious Infosys Finacle Innovation Awards 2023, which is most amongst Indian and Global Banks, for its outstanding contributions to the banking industry and technological excellence. The awards were presented at …
Read More »Climate change is likely to abruptly push species over tipping points as their geographic
Dr. Seema Javed ranges reach unforeseen temperatures, finds a new study led by a UCL researcher. The new Nature Ecology & Evolution study predicts when and where climate change is likely to expose species across the globe to potentially dangerous temperatures. The research team from UCL, University of Cape Town, …
Read More »Punjab National Bank Financial Results for the Quarter Ended 31st March 2023
Punjab National Bank announced their Annual Financial Results for the FY 2022-2023. Net profit for Q4 FY23 was at ₹1159 Crore and grew by 473.6% on YoY basis. Operating Profit was at ₹ 5866 Crore during Q4 FY23 grew by 11.4% on YoY basis. Net interest income increased by 30.05% …
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