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After UPI, RBI set to launch Unified Lending Interface (ULI) for friction-less credit
The ULI platform facilitates a seamless and consent-based flow of digital information, including ev…
ANI
RBI approves IDFC-IDFC First Bank merger
Reserve Bank of India has given its nod for the reverse merger of IDFC Ltd with its banking subsidi…
PTI
Capital Small Finance Bank IPO to open on Feb 7, sets price band at ₹445-468/sh
The initial public offer of Capital Small Finance Bank will open on February 7 and close on Februar…
India’s corporates in ‘wait and watch’ mode as consumption loans zoom
Large corporates are still not driving India’s credit growth as private capital expenditure is yet …
Digitalisation, credit growth, government policies to drive MSME growth, say experts
The report also shared a survey finding (published in June 2021) conducted by Bluehost, a web ho…
RBI governor asks realty companies to stress test their books
The governor of Reserve Bank of India (RBI) Shatikanta Das said on Wednesday that the recent measur…
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…
Financial Institutions Turning Towards MSME Lending
Almost every type and size of industry took a hit during the pandemic; MSMEs, however, were affe…
This startup is building infrastructure to automate and ease the process of giving out small biz loans
Lending company U GRO Capital intends to give out small business loans worth ₹2,000 crore to MSMEs …
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
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 …
RBI announces incentive for lending to MSME, home, auto sectors
"As a part of this, it has now been decided that scheduled commercial banks will be allowed to ded…
PTI
How to apply for an MSME loan online and get approval in 59 minutes
The Indian government announced a special scheme for micro, small and medium enterprises, allowing …
Bankers say private capex will take one more year to revive
Banking industry's lobby grouping Indian Banks Association's chairman A K Goel said the increased c…
PTI
MSME restructuring extension signify RBI's shift in stance on asset quality, transparency: Fitch
"Fitch believes that these extensions are only likely to defer asset-quality pressures unless ther…
PTI
Double moratorium period to 6 mths, provide credit guarantee for MSME loans: IBA to RBI
Based on the representation made by various industry associations, a detailed and comprehensive li…