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
Tags: President Joe Biden, USA, students, student loan relief, Loans
Courtesy: DNA INDIA
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.
Tags: NABARD, RRB, Loans, Debts
Courtesy: Deccan Herald
