Mumbai: As small finance banks gear up to start operations over the next few months, they are eyeing Priority Sector Lending Certificates (PSLC) as a key business opportunity to boost their fee income. PSLC is a short-term accounting instrument used by banks to cover shortfalls in meeting priorit…
Tag: Alok Prasad
Ratan Tata, Nandan Nilekani to start micro-finance company
Ratan Tata, Chairman emeritus of Tata Sons, Vijay Kelkar, former Finance Secretary and Chairman of the National Institute of Public Finance and Policy, and Nandan Nilekani, Co-Founder of Infosys Ltd and the architect of Aadhaar, are joining hands to start a microfinance institution (MFI). Named A…