Bank credit growth to priority sector slows drastically

Bank credit growth to priority sector slows drastically

Most of priority sector loans are supposed to serve a social purpose and they are meant to ensure that credit flows to those sections of society whom the banks may otherwise neglect. Photo: AFP It’s not just lending to the beleaguered corporate sector that has slowed—bank credit growth to the priority sector too has fallen considerably in recent months. The priority sector includes lending to agriculture, lending to micro and small enterprises in the manufacturing and services sectors, education and low-cost housing loans, loans to the weaker sections of the…

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Online studies, off-campus sites drive growth of Saint Leo University

Online studies, off-campus sites drive growth of Saint Leo University

ST. LEO — When Arthur Kirk became president of what was then Saint Leo College in 1997, the school was on the brink of bankruptcy. Enrollment had dropped; deficits had climbed. Faculty salaries were depressed. It seemed that every roof on campus leaked. This was during the first heady months of the dot-com boom, and Kirk believed the Web could help solve Saint Leo’s financial woes. Saint Leo launched its online education program in the fall of 1998. The school pulled together $600,000 to create the Web infrastructure, cutting a…

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July Online Recruitment Activity Registers 13% Growth Over Last Year: Report

July Online Recruitment Activity Registers 13% Growth Over Last Year: Report

Image for representation only. New Delhi: Online recruitment activities in the month of July registered the highest year-on-year growth rate of 13 percent, a report said in New Delhi on Friday. According to the Monster Employment Index, the banking, financial services, insurance (BFSI) sectors continued to exhibit long-term growth chart with a 43 per cent rise over last year. However, demand in the sector moved up by a marginal one per cent month-on-month during the period under review. The report said the consumer goods, FMCG, food and packaged food sector…

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Bank loan growth set to take a hit

Bank loan growth set to take a hit

Banks may report negligible loan book growth and decline in margins in the October-December quarter as companies and retail borrowers have stayed away from taking fresh debt due to demonetization. However, treasury gains are expected to boost the non-interest income of banks. Religare Securities said in a report, “The loan growth is slowing and large banks will bear the brunt. In the aftermath of demonetization, we expect a significant decline in loan growth across banks. In our view, larger banks will be the hardest hit. In contrast, we expect small/mid-sized…

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Women In Tech: The Crucial Steps To Accelerate Career Growth

Women In Tech: The Crucial Steps To Accelerate Career Growth

Women in technology should deploy a “professional playbook” in order to accelerate the progress of their careers and avoid falling into some of the most common pitfalls that lie in wait. That’s according to JJ DiGeronimo, a technology expert and the author of a new book called Accelerate Your Impact: Action-based Strategies to Pave Your Professional Path. DiGeronimo has been researching some of the ways in which female tech professionals find their progress thwarted and in her new book outlines an approach that she believes can help women to overcome…

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