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3 mins read
Bad loans of India's banks to rise to 8-9% this year, says CRISIL
The Covid-19 relief measures such as the restructuring dispensation, and the Emergency Credit Li…
3 mins read
Banks disburse over Rs 50,000 cr loans to MSMEs under credit guarantee scheme
Under the scheme, 100 per cent guarantee coverage will be provided by National Credit Guarantee Tr…
PTI
3 mins read
Banks sanction over Rs 1 lakh cr loans to 30 lakh MSMEs under credit guarantee scheme
The main objective of the scheme is to provide an incentive to member lending institutions to incre…
PTI
2 mins read
Banks sanction over Rs 75,000-cr loans to MSMEs under credit guarantee scheme
The main objective of the scheme is to provide an incentive to member lending institutions to incre…
PTI
2 mins read
Union Budget is forward looking and growth oriented: Karnataka CM Bommai
Regarding the proposal for interlinking of rivers, in response to a question, he said, "any project…
PTI
4 mins read
Only 5% of the government’s MSME emergency loan package is disbursed after a month — private banks are sitting tight
Private banks are yet to play their part. As part of the coronavirus stimulus package, the In…
2 mins read
Banks sanctions about Rs 1.20 lakh crore loans to MSMEs under credit guarantee scheme
Under the scheme, 100 per cent guarantee coverage will be provided by the National Credit Guarante…
PTI
2 mins read
Banks sanction about Rs 1.14 lakh crore loans to MSMEs under credit guarantee scheme
Under the scheme, 100 per cent guarantee coverage will be provided by the National Credit Guarante…
PTI
2 mins read
Banks sanctions about Rs 1.14 lakh crore loans to MSMEs under credit guarantee scheme
Under the scheme, 100 per cent guarantee coverage will be provided by the National Credit Guarante…
PTI
3 mins read
Fintechs are helping Indian MSMEs with their biggest challenge — data and the lack of it
There are over 6.3 crore micro, small and medium enterprises (MSMEs) in India and most of them are …
1 min read
Central Bank of India launches emergency credit line for MSMEs
"No penal interest is to be recovered and no guarantee fee is to be charged from the customer to c…
PTI
2 mins read
Pvt banks to catch up soon on credit guarantee scheme for MSMEs: Kotak
"Three-four weeks from now, the MSME sector will be surprised at how both the private and the publ…
PTI
2 mins read
Cochin Chamber welcomes union budget announcements
"We appreciate the steps taken by the government to facilitate and improve ease of doing Business i…
PTI
2 mins read
Indian banks could have more than ₹10 lakh crore non-performing assets by March 2022
The gross non-performing assets (GNPAs) of banks are expected to cross ₹10 lakh crore by March 2022…
2 mins read
SBI disburses Rs 8,700 cr to MSMEs under emergency credit guarantee scheme
"MSMEs formed a very crucial part of the announcements made under the 'Atmanirbhar Bharat Abhiyan'…
PTI
1 min read
Public Sector Banks sanctioned Rs 24,260 cr loan to MSMEs for 'self-reliant' campaign: Nadda
"Within just 14 days since the Aatmanirbhar Bharat Abhiyan was announced, PSBs have already sanctio…
PTI
2 mins read
India is giving out free visas for half a million tourists
Besides this, the union government has also announced financial support to more than 11,000 …
3 mins read
Bank of Baroda to offer up to Rs 12k cr loans to MSMEs under credit guarantee scheme
"In our case, that particular portfolio amounts to be Rs 58,000 crore. So, 20 per cent of that wou…
PTI
2 mins read
Finance Minister Nirmala Sitharaman announces over ₹1 trillion loan guarantee scheme for COVID-19 affected sectors such as healthcare
It announced an additional ₹1.5 trillion to the Emergency Credit Line Guarantee Scheme (…
1 min read
Government likely to allow cooperative banks to lend under Emergency Credit Line
He also urged the states to release payments due to MSMEs within 45 days, as "this will help…