The repayment ratio thus works out to approx 69 per cent, he added. This increased to 2.53 per cent or Rs 17,712.63 crore in 2019-20 and 3.61 per cent or Rs 34,090.34 crore in 2020-21, he said.Īt the end of March 31, 2021, more than 16.92 lakh Mudra cards have been issued, he said in another reply.Īs on March 31, 2021, he said, Rs 5.81 lakh crore was disbursed by Public Sector Banks (including Regional Rural Banks) under PMMY with current outstanding amount of Rs 1.81 lakh crore. Replying to another question, Karad said percentage of total non-performing assets (NPA) has witnessed rise since 2018-19 under the Pradhan Mantri Mudra Yojana (PMMY).ĭuring the 2018-19, the total NPA against disbursement stood at 2.51 per cent (Rs 17,712.63 crore). Canara Bank has informed that it had formed a small technology innovation team, which is working on identifying the potential use cases best suited to banking operations, he added. With the net worth of Rs 5,361 crores as on the financial year 2013-14, The company has more than three decades of experience in Non-life Insurance business headquartered in Chennai. SBI has informed that as a part of IBBIC development, it has initiated steps to incorporate blockchain technology in trade related transactions,” he said.įurther, he said, SBI has been onboarded on a blockchain enabled platform, for exchanging payment related compliance queries. PNB MetLife Insurance company offers types of life Insurance plans & policies like term plans, saving plans & pension plans. United India Insurance Company Limited is a public sector General Insurance Company of India (Wholly owned by Govt. “ State Bank of India ( SBI) and Canara Bank are part of a company called Indian Banks’ Blockchain Infrastructure Company Private Limited (IBBIC) for using blockchain technology for providing various financial services. The Reserve Bank of India ( RBI) has informed that it has been pro-active in providing guidance for development of blockchain-based application through its new regulatory sandbox environment, he said. Choose from 17 3 Star hotels near United india insurance company ltd Mahabalipuram & save up to 70 on 3 Star hotels booking online. The company used to be a subsidiary of General Insurance Corporation of India (GIC), the company’s four subsidiaries are New India Assurance, Oriental Insurance. There are around 22 insurance establishments merged to form United India Insurance. United India Insurance began operations in the year 1938 and has been striving towards providing the best insurance products which provide a certain set of benefits to a policyholder. It was established on 18th February in 1938. In a bid to foster blockchain technology for providing various financial services, banks have put in place Indian Banks’ Blockchain Infrastructure Company Private Limited (IBBIC), Karad said in another written reply. United India Insurance Company is one of the renowoned insurers of India.