Jul 12, 2012 07:29 PM IST
The Reserve Bank of India has asked banks and financial institutions to follow the "guidelines in letter and spirit" for providing credit to the MSME sector.
- Jul 02, 2012 01:47 PM IST
Union Bank has cut its lending rates for some segments that is the medium and small enterprises by 50-350 basis points.Debabrata Sarkar, CMD, Union Bank said that it is a part of their endeavour to give special emphasis to agriculture, retail advances, micro and small enterprises.
- Jun 15, 2012 01:54 PM IST
India's largest lender the State Bank of India (SBI) has decided to buy credit guarantee cover for its loans below Rs 1 crore to micro and small enterprises (MSE), which are more prone to defaults in an environment of economic gloom and doom. This will help the bank to recover loan amount in case any borrower stops repaying.
- Jun 14, 2012 06:44 PM IST
CRISIL Research has assigned a CRISIL IPO grade of '5/5' to the proposed IPO of Just Dial Ltd. This grade indicates that the fundamentals of the IPO are strong relative to the other listed equity securities in India.
- May 28, 2012 04:34 PM IST
DCB CFO Bharat Sampat tells CNBC-TV18 that the bank's chief source of pressure emanates from last quarter's priority sector lending which was at lower than commercial rates.
- May 21, 2012 10:51 AM IST
Many small and medium enterprises face challenges in mobilizing capital for their business. This challenge is much more severe for start-up businesses.
- May 15, 2012 09:20 PM IST
Syndicate Bank does not count among the market‘s favoured bets in the banking sectors at the moment. In the last one year, the bank‘s shares tanked 21%, compared to a 14% decline in the benchmark Bankex. Declining profits and lack of a clear growth plan were the key factors for the underperformance.
- Apr 27, 2012 10:44 AM IST
MSMEs in India have always been a growing sector in the Indian economy. However, the importance of reforms for the MSME has never been a continuous issue for the policy makers and stakeholders.
- Apr 20, 2012 06:07 PM IST
It is not uncommon to hear MSME owners confess they are not growing as desired or that they are stuck in a lower orbit when they have the capability to grow three to four times their existing levels.
- Mar 29, 2012 05:38 PM IST
SME Rating Agency of India Ltd (SMERA) has assigned its 15,000th SME Credit Rating to M/s Magnum Pigments & Polymers Pvt Ltd. The Credit Rating assigned to M/s Magnum Pigments & Polymers Pvt Ltd is "MSME 1", which is highest safety Credit Rating assigned to a MSME.
- Feb 21, 2012 04:40 PM IST
The RBI committee under the current Union Bank Chairman MV Nair has come out with their recommendations on lending to priority sector. It has reviewed the existing guidelines on lending to priority sector categories including agriculture, MSME, export, etc.
- Feb 03, 2012 08:00 PM IST
The apex body of exporters today requested the Finance Ministry to cap interest rates on loans to small and medium business units at 7% and sought the inclusion of export credit under priority sector lending in the forthcoming Budget.
- Jan 06, 2012 01:12 PM IST
SIDBI, a state-owned institution for financing and development of industries in the micro, small & medium enterprise (MSME) and Chennai-based Indian Overseas Bank (IOB) on Friday inked a memorandum of understanding (MoU) to provide growth capital to promoters of smaller size companies.
- Sep 05, 2011 08:53 PM IST
The proposed policy for compulsory government procurement from micro and small enterprises (MSEs) is under process for approval of the Cabinet, the government said today.
- Aug 08, 2011 03:51 PM IST
The Micro, Small and Medium Enterprises (MSME) Ministry will network with major private equity players to encourage capital infusion in small and medium units, the backbone of the Indian industry.
- Jul 08, 2011 04:54 PM IST
National Small Industries Corporation is expecting to cross Rs 10,000 crore turnover during this fiscal, a top official said today.
- Jul 07, 2011 08:27 PM IST
Domestic entrepreneurs can now easily access information related to global micro, small and medium enterprises, their products and technologies on the website launched by National Small Industries Corporation (NSIC).
- Jun 11, 2011 11:47 AM IST
The Chamber of Small Industry Associations (COSIA) has requested the Centre to extend the the Duty Entitled Pass Book (DEPB), a tax refund scheme for exporters, by another three years.
- Mar 03, 2011 11:58 AM IST
The budget for 2011/12, which was tabled in parliament on Monday, proposed to set up a Rs 10 crore equity fund for MFIs and sought to allocate Rs 500 crore to SIDBI to refinance commercial banks’ lending to MSMEs.