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Priority Sector Lending Certificates is a tool for promoting comparative advantages among banks while they meet their priority sector lending obligations in India. "Banks with a comparative advantage in lending to the priority sector should earn priority sector lending certificates [social credits] while those falling short of the target would be required to buy priority sector lending ...
Priority sector lending is lending to those sectors of the economy which may not otherwise receive timely and adequate credit. This role is assigned by the Reserve Bank of India to the banks for providing a specified portion of the bank lending to few specific sectors like agriculture and allied activities, micro- and small enterprises, education, housing for the poor, and other low-income ...
Axis Bank Limited, formerly known as UTI Bank (1993–2007), is an Indian multinational banking and financial services company headquartered in Mumbai, Maharashtra. [8] It is India's third largest private sector bank by assets and fourth largest by market capitalisation.
Axis Direct provides a 3-in-1 Online Investment Account [2] which is a combination of Axis Bank Savings along with an Axis Direct trading and Demat account services: Equities – Invest online in stocks of listed companies; Mutual Funds – Invest in mutual funds including equity, hybrid, tax saving or debt schemes from asset management companies
A new trial program in Philadelphia is offering financial support to people during pregnancy. The Philly Joy Bank program is giving $1,000 a month to 250 pregnant Philadelphia residents, from ...
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Overplanning the holidays can cause stress and wreck what's supposed to be a joyous time. (Tanja Ivanova/Moment RF/Getty Images)
For instance, Bank of America’s 2024 Study of Wealthy Individuals reported that 31% of investors with $3 million in investable assets believe real estate is the “greatest growth opportunity.”