Loan Amount	Cashback
Rs. 1 cr and above	Rs. 5,000
Rs. 75 lakh - less than Rs. 1 cr	Rs. 3,000
Rs. 50 lakh - less than Rs. 75 lakh	Rs. 2,000
Rs. 35 lakh - less than Rs. 50 lakh	Rs. 1,000
Rs. 20 lakh - less than Rs. 35 lakh	Rs. 500
Less than Rs. 20 lakh	Rs. 200

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Obc News - Jul 2017

2017-07-24 : Government constitutes Feedback and Action Room to monitor information on GST
In a bid to reply to the queries of the taxpayers and tax officials and to deal with issues related to the implementation of Goods and Services Tax Network (GSTN), Government has constituted a GST Feedback and Action Room (FAR). The FAR has been framed to review the information and media inputs received from various government departments and social media to report them on a real-time basis which will be forwarded to the respective sections for feedback.
2017-07-24 : Axis Bank launches digital invoice discounting platformfor MSMEs
Private sector lender, Axis Bank has launched its digital invoice discounting platform, Invoicemart to improve access of funds to micro, small and medium sector enterprises (MSMEs).The platform will enable SMEs to post their receivables on the system and give allow them to avail finance as well as instil greater discipline amongst corporate to pay their dues on time.
2017-07-24 : Vijaya Bank reports 57 per cent growth in net profit at Rs. 255 crore
Vijaya Bank has reported a significant growth of 57 per cent in its net profit at Rs. 255 crore during the first quarter of FY18 as against Rs. 162 crore during the corresponding quarter of the previous fiscal year. Strong improvements in profits have been driven by repricing of the deposits and strong growth in the bank’s retail lending disbursals and portfolio.
2017-07-24 : Yatra announces offers and reward points on booking using SBI credit card
Yatra has announced attractive reward points and offers on various train and flight bookings via its official website. The discount on bookings are available only for the SBI credit cardholders. The offer is available for a limited time period only till 31st July, 2017.
2017-07-24 : PM sets tough targets for states in Housing for All initiative
In a bid to ensure affordable housing for all by the year 2022, PM has asked all the states to timely review the action plan and current status of the scheme and submit a detailed roadmap to the Prime Minister office. The progress update has been scheduled to take a stock of the reasons which are hindering the expected achievements under the Pradhan Mantri Awas Yojana (PMAY) project.

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