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Infinity Bank Reports Second Quarter 2021 Earnings
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MPC to focus on economic recoveries, may retain policy parameters —Analysts
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Jul 6, 2021
Under the District Annual Credit Plan for 2020-21 of Rs.1464.40 Cr Banks have disbursed Rs.980.01 Cr to 44766 beneficiaries for FY up to 31.03.2021 thus achieving 67% of ACP target despite Pandemic restrictions, the meeting was informed.
It was informed that achievement under the Priority Sector is Rs.795.38Cr (58%) of ACP and under the Non-priority sector it is Rs. 184.62Cr a total of 184% of ACP.
Under Atmanirbhar Bharat Abhiyan 15821 cases under KCC crop and 5762 cases under KCC AH&F have been sanctioned during this year, the meeting was told.
DDC stressed for proper & timely implementation of Govt Schemes PMEGP, REGP, PM SVNidhi, NRLM, NULM & PMAY to generate self-employment opportunities in District.
Goddy Egene
Vetiva Research has predicted that the banking sector will remain resilient despite high inflation and currency headwinds, projecting that banksâ profits would grow marginally in spite of decline in interest income observed in the first quarter (Q1) of 2021.
The Lagos-based investment and financial advisory company also anticipated that there would be a rebound in the major component which dragged interest income in Q1, investment securities, which are expected to continue to rise through the second half (H2) of the year.
The firm stated these in its H2 2021 banking outlook titled: âNo country for old policies.â
Commenting, the banking analyst at Vetiva, Joshua Odebisi said: âDue to the expansionary stance of the Central Bank of Nigeria (CBN) amid high inflation, we expect the banks to continue to enjoy low interest expense, whilst interest income from fixed income (FI) securities should improve marginally to give a modest upside to net interest in
CS asks Revenue Deptt to complete scanning of records by Aug 15
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