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MSME CREDIT GAP INDIA
Banks plan to e-auction cars, vehicles on BAANKNET to speed up recoveriesBanks are planning to auction cars and vehicles on the BAANKNET platform. This initiative aims to streamline the recovery of non-performing...
From MSMEs to traditional industries, Rajasthan’s enterprises seek stronger ecosystem to scaleStakeholders say the state must strengthen the institutional ecosystem that supports industry.
National reservoir levels reach 70.3% capacity amid widening regional monsoon gaps: ReportReservoir storage nationwide reached seventy point three percent of capacity this week. Western and Central India maintained high storage l...
Private banks’ profit margins recover as FCNR(B) inflows ease deposit funding pressureIndia’s private banks saw fresh lending spreads widen sharply in July as FCNR(B) inflows improved liquidity and reduced reliance on expensi...
UK recognises India’s carbon credit trading scheme, relief for Indian exportersThe United Kingdom will recognize India's carbon credit trading scheme. This recognition will help Indian exporters avoid double taxation o...
India’s GDP can hit double-digit growth if MSMEs grow by 10%: Rajiv Talreja, Founder, Quantum LeapThe collaboration seeks to redefine how Indian MSME leaders leverage business PCs, empowering them to overcome technological bottlenecks to...
Gold loans, consumer durables drive NBFC credit growth to 14.9% in JulyNon-banking financial companies saw 14.9 percent credit expansion by July end. This growth accelerated from last year's 10.6 percent expans...
VC-backed B2B firms feel the weight of growth-era debtIndia’s venture-backed B2B firms are grappling with debt accumulated during high-growth years, with Zetwerk directing IPO proceeds towards ...
Finmin secures $1 billion IFC funding for MSMEs; $500 million already released to SidbiIndia secured one billion dollars from the International Finance Corporation for banks. This funding will provide long-term credit to small...
GST Council meeting rescheduled to October 7 due to BRICS summitThe GST Council meeting has been rescheduled to October 7 due to the BRICS summit. This meeting will occur after a gap of over a year for t...
Auto component suppliers sit on Rs 98,000 cr inventory, says reportIndian auto component firms hold significant inventory, potentially releasing billions through better management. Many MSMEs need to invest...
Assam Teacher won National Teachers Award for sending his students home to teach their mothers, who can't read or write, about UPI payments, smartphones and readingA geography teacher in Assam's Jorhat district has won the National Teachers' Award for a programme that sends his students home each day t...
MSMEs must scale, innovate and go global to power India’s growth: Rajnath SinghRajnath Singh called on MSMEs to move beyond the domestic market and compete globally.
Nirmala Sitharaman, World Bank chief Ajay Banga hold meeting, discuss deepening cooperationThe things the FM and the World Bank chief discussed included a significant role of MIGA in boosting corporate and infrastructure finance. ...
MSME lending moves from sachetisation to personalisation: Lentra’s Ankur HandaIndia's financial framework is undergoing a significant evolution as digital resources, advanced data analytics, and innovative technology ...
Gap shares surge 24% after Old Navy leadership shake-up, profit forecast raisedGap shares jumped as much as 24.1% after the retailer named Michael Francis as Old Navy CEO and raised its annual profit forecast. The appo...
RBI proposal to curb NBFCs' revolving credit may choke MSME funding, says industry body FISMEFISME has urged the RBI to reconsider its proposal to bar NBFCs from offering revolving credit, warning that a blanket ban could disrupt wo...