US President Joe Biden

Photo: NY1

US President Joe Biden Expected To Announce Student Loan Relief

US President Joe Biden is expected to announce student debt relief on August 24, and an extension of the current pay freeze. The move comes a week before the White House's self-imposed August 31 deadline, which has sent millions of Americans into a frenzy over the Department of Education's recommendation. Biden's proposed legislation will offer at least USD 10,000 in… read-more

Wed, 24 Aug 2022 - 11:42 AM / by Vidhi Jhunjhunwala

Tags: President Joe Biden, USA, students, student loan relief, Loans

Courtesy: DNA INDIA

Representative image of RRB

Photo: Banking Frontiers

Regional Rural Banks Face 3 Times Higher Loss Than Previous Fiscal Year

National Bank for Agriculture and Rural Development informed that Regional Rural Banks faced a net loss of Rs 2,206 crore in fiscal year ended March, 2020. Reportedly, the loss is 3.38 times higher than FY19, which was Rs 652 crore. It also revealed RRBs witnessed a growth of 8.6% in their business as compared to 9.5% in FY19 and their outstanding loans stood at Rs 2.98 lakh crore for FY20.

Sun, 04 Oct 2020 - 03:28 PM / by Mahadevan K V

Tags: NABARD, RRB, Loans, Debts

Courtesy: Deccan Herald