The World Bank on 1st July said it has intensified its assistance for the Government of India’s program to rejuvenate the Ganga river with a USD 400 million (about Rs 3,000 crore) assistance that will support stem pollution in the river.
HDFC Bank starts ‘e-Kisaan Dhan’ app for farmers. HDFC Bank on 1st July declared the release of ‘e-Kisaan Dhan’ app for farmers all over India. Through this app, the farmers will be able to access a bouquet of services, both banking and agriculture, by their mobile phones.
The World Bank on 1st June declared it will provide a USD 750 million budget assistance to 15 crores micro, small and medium enterprises(MSMEs) to enhance liquidity access for viable small businesses impacted by COVID-19.
India has rolled down three spots to 77th rank in terms of money deposited by its citizens and enterprises with Swiss banks at the end of 2019, while the UK has maintained its top position, as per the recent data from Switzerland’s central bank. India was placed 74th in the previous year.
Funds deposited by Indian individuals and enterprises in Swiss banks, including through India-based branches, sank nearly 6 percent in 2019 to 899 million Swiss francs (Rs 6,625 crore), annual data from Swiss National Bank revealed on 25th June.
Private lender Yes Bank has tied hands with UDMA technologies to release digital wallet solution ‘Yuva Pay’. This new product from the lender will support the customers with contactless payments. The digital wallet is published under minimum KYC regulations to Yes Bank.
Karnataka Bank has started a new item KBL Micro Mitra, wherein financial support up to Rs.10 lakhs can be given to the Micromanufacturing and service enterprises either for functioning capital or for investment purposes.