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Latest Articles in msme

RBI Decisions: Experts Hail Support to MSME, Other Measures

Economists, bankers and realty experts have welcomed the steps taken by the Reserve Bank of India (RBI) in its bi-monthly monetary policy review.

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RBI Imposes Penalty On City Union Bank, 3 Other Lenders

The Reserve Bank of India also imposed a penalty of Rs 90 lakh on Nutan Nagarik Sahakari Bank, Ahmedabad for non-compliance with directions Interest Rate on Deposits, Know Your Customer (KYC) and Circular on Frauds Monitoring and Reporting Mechanism.

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BSE, Dun & Bradstreet India Sign Pact To Foster MSME Growth

BSE launched its SME platform and so far 337 companies listed on the platform have raised Rs 3,498 crore from the market. These firms have a collective market capitalisation of over Rs 25,000 crore.

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IDBI Bank Launches Digital Loan Processing System For MSME, Agri Borrowers

LPS would carry a total of more than 50 product lines and would offer a seamless credit lifecycle with over 35 interface touch points to many satellite systems

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Kotak Mahindra Bank Q4 Profit Rises 36 % To Rs 2,589 Cr

The Supreme Court vacated the stay on NPA recognition and granted relief for interest on interest. The bank has created a liability of Rs 110 crore towards estimated interest relief and has reduced the same from interest earned.

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HDFC Bank Announces Reorganisation; Outlines Three Focus Areas

The lender has made a slew of changes in the senior leadership roles as well, with current group head for corporate banking Rahul Shukla being entrusted with the commercial banking (MSME) and rural vertical.

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NBFCs Seek Extension Of MSME Restructuring Scheme Till March 2022

The industry body also urged the RBI to allow restructuring of certain MSMEs loans that already have got the similar relief under the same scheme during the first wave of COVID-19, but are now facing challenges.

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Prest Loans Engages Mr. Rajeev Kishore Dubey (Ex CMD-Canara Bank) As Strategic Advisor On Its Advisory Board

Prest Loans is a tech enabled digital NBFC focusing on small businesses and MSME lending. The company has witnessed robust growth in last 4 years building a mixed portfolio of secured and unsecured MSME loans.

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Digitised Pivoted Growth Is Exponential; Truly Transformational

Exponential growth triggers periodic expansion, sustainable ‘peaks’, creating a virtuous, robust and enormous long term value. It flattens the pyramid, and provides ‘most’ to everyone.

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Skilling And SME Are At The Heart Of A Digital Recovery

The success of digitally-empowered SMEs stands on essential pillars of technology adoption and infrastructure, access to the right skillsets, finance and policy push.

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ABP Emerging100: Nitin Gadkari to Felicitate MSME Mavins

In line with Prime Minister Narendra Modi’s ‘Atmanirbhar Bharat’ agenda, ABP Network will recognize the Emerging100 businesses that lead the charge for economic growth and nation-building.

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Goyal Asks BIS To Cut Quality Testing Charges For MSMEs, Startups & Women Entrepreneurs

A consumer engagement portal has been launched to facilitate interaction with consumer organizations/groups for conducting various consumer oriented programmes and activities of BIS.

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UP govt to train over 80,000 youths under CM Apprenticeship Promotion Scheme

UP govt to train over 80,000 youths under CM Apprenticeship Promotion Scheme

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Steps taken to end non-transparent credit culture in country, says PM Modi

Steps taken to end non-transparent credit culture in country, says PM Modi

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MSME emerged as growth engine of economy, says RBI Governor

MSME emerged as growth engine of economy, says RBI Governor

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