Ordnance Factory Boards to be first govt cos to use centralised invoicing platform

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NACH mandates cannot be given through these accounts preventing the onboarding of such departments onto TReDS.

from Stocks-Markets-Economic Times https://ift.tt/2HYarRb

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The pandemic led contraction in economic activity led to a sharp slowdown in credit demand Non-food bank credit growth rose by 4.9 per cent in March 2021, lowest in more than five decades as compared to 6.7 per cent in March 2020. Loans to large industries contracted by 0.8 per cent, while loans to micro and small enterprises rose by a mere 0.5 per cent. from Stocks-Markets-Economic Times https://ift.tt/2PEULK7
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