New Delhi, July 7 (IANS) The Emergency Credit Line Guarantee Scheme (ECLGS) 5.0 has issued 4,11,497 guarantees since its launch, with the guaranteed amount reaching Rs 1,55,229 crore — a sign of the scheme’s rapid absorption across the lending ecosystem, the government said on Tuesday.The scheme, approved by Union Cabinet on May 5, 2026, is delivering fast, large-scale liquidity support to businesses affected by the West Asia geopolitical situation.The scheme is designed to provide risk mitiga…
Latest State Level Bankers’ Committees News & Updates
New Delhi, April 30 (IANS) The Secretary, Department of Financial Services (DFS), on Thursday instructed banks to adopt the MuleHunter.AI tool developed by the Reserve Bank of India at the earliest to timely identify and prevent mule accounts involved in financial cyber frauds. The Secretary chaired a meeting with the Commissioner of Police, Hyderabad, and senior officials from the Indian Cyber Crime Coordination Centre, the Central Bureau of Investigation, the Reserve Bank of India, the Indi…