Govt to form an asset management company to recover default loan
The government is forming Asset Management Company (AMC) under the Ministry of Financial Institution Division empowering it as default loan recovery agency.
Aiming to introduce...
Post office savings certificate interest slashed to half
Interest rates on post office saving certificates (Dakghar Shanchaya Patra) to be halved in order to discourage investment in those instruments. Interest on the...
Drive launched for off loading shares of four state-owned banks
The Financial Institution Division has instructed the four state owned commercial banks to conduct their fresh audit and valuation as part of the offloading...