You Searched For "RBI ECLGS" and got 14 results
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1 min read
RBI tells banks to assign 'zero' risk for emergency loans to MSME
The government in May introduced the Emergency Credit Line Guarantee Scheme (ECLGS) for providin…
PTI
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
MSME credit demand jumps 60% from pre-pandemic levels – a sign of rebound in economic activity
The sector is undergoing a quiet but steady revival, going by the increase in credit demand and a m…
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 …
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
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
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
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…
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…
1 min read
FM to meet PSU bank chiefs on Friday, to review credit flow
The Union Cabinet headed by Prime Minister Narendra Modi on Wednesday approved additional funding …
PTI
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
Supreme Court told that blanket waiver of moratorium loans would take ₹6 lakh crore and wipe out the net worth of banks
The Centre on Tuesday informed the Supreme Court that it would have to forego more than Rs 6 lakh c…
4 mins read
Analysts expect no surprises from Axis Bank in the second quarter — loan growth and collections to be slow
Axis Bank, India’s third-largest private sector lender after HDFC Bank and Kotak Mahindra, isn’t ex…
4 mins read
FM meets PSU bank chiefs, prods them to implement 'Aatmanirbhar' relief package
"I must give credit to the public sector banks for having done a splendid job in implementing PM G…