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DIGITAL LENDING FOR MSMES
Nearly two-thirds of bank loans now priced below 9% as rate cuts biteIndian banks are offering more loans at lower interest rates. Almost two-thirds of all bank credit now has rates below 9%. This shift follo...- Banks sanction Rs 35,000 cr loans under ECLGS to MSMEs to deal with West Asia crisisBanks have disbursed Rs 35,000 crore in loans under the Emergency Credit Line Guarantee Scheme. This initiative supports MSMEs and industri...
- Iran war: Public sector banks asked to stay preparedPublic sector banks received guidance from the Centre to prepare for global uncertainties. The finance ministry reviewed bank performance a...
- OPL in talks to sell stake to AvenuesAI, eyes AI-powered credit revolutionOnline PSB Loans (OPL) is in advanced talks to bring AvenuesAI on board as a minority stakeholder, with AvenuesAI planning to acquire a 7% ...
- FM Sitharaman launches key SIDBI initiatives for MSME growthThese include portals for credit delivery to rural areas and machinery access for MSMEs, alongside a program to modernize rural enterprises...
- We are ambitious and working to become a top 5 private bank again: Vinay Tonse, MD & CEO, Yes BankYes Bank is embarking on an ambitious journey to enhance its foundational elements—people, processes, products, and technology. With a keen...
- Karnataka state planning panel proposes reforms for KSFCKarnataka State Financial Corporation is set for a major transformation. The Karnataka State Policy and Planning Commission has proposed a ...
- Born out of microfinance, Bandhan Bank now bets big on AI and digital bankingAs Bandhan Bank accelerates its transition from a microfinance-led institution into a universal bank, Executive Director & COO Ratan Kumar ...
- Canara Bank sees NIM floor at 2.5%, confident of absorbing ECL hit without fresh equityCanara Bank anticipates a strong FY27. Margins are stable, and asset quality remains robust. The bank can manage upcoming provisioning need...
- SBI chief flags risks in rapid growth in digital finance, stresses trust-based innovationState Bank of India Chairman C S Setty highlighted emerging risks in digital finance and platform lending. He stressed that financial syste...
- Relief now, risk later? ECLGS 5.0 aims to ease MSME stress, industry flags risks in moratorium termsECLGS 5.0 is meant to cushion MSMEs from the impact of the US-Iran war, but will it really help small businesses, industry questions.
- Digital lenders wary of small biz; Mythos’ biggest security riskHappy Tuesday! Digital lending firms are turning cautious on term loan exposure to small businesses. This and more in today’s ETtech Mornin...
- Branching out just got easier for NBFCsThe Reserve Bank of India has eased branch opening rules for NBFCs. This move helps gold loan NBFCs expand their reach. It allows them to p...
- More data doesn’t mean better credit: Account aggregators prove whyIn this new era, competitive advantage will belong to those with the most disciplined analytical frameworks.
- Liquidity unlocked, access denied: With rating rules, how TReDS leaves most MSMEs behindDespite the government’s TReDS push, experts say the RBI’s move to ease onboarding lacks clarity as credit ratings continue to be a key bot...
- NABARD launches Rs 2.62 lakh crore credit plan for Delhi; proposes ‘nano, mini’ units to boost MSME accessThe plan emphasises inclusive credit planning and tailored development pathways for balanced growth across the National Capital Territory.
- As India's MSME sector matures, IDBI Bank's Sumit Phakka says the lending framework must keep paceIndia's small businesses are now driving economic growth. New government budgets are boosting MSME financing and support. Digital tools are...
- Devesh Sachdev joins credit platform GLAAS as co-founder, invests USD 5 mnSachdev previously founded Fusion Finance Ltd. GLAAS aims to lead embedded credit for MSMEs in India. The company is strengthening its NBFC...
- Digital lending in India set to grow to $100 billion by 2023: Report by Omidyar Network and BCGThe study says, India, with a largely level playing field, no dominant incumbents, and a range of entrants and business models can be succe...
- Digital lending to MSMEs poised for major growth in India: Omidyar-BCG reportThe report highlights that digital lending to MSMEs is projected to increase between 10 and 15 times by 2023, scaling up to Rs 6-7 lakh cro...
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