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SBI to adopt cash-flow based lending for MSME loans up to Rs 50 million

SBI is collaborating with multilateral development banks and large multinational banks to address these challenges.Read more

SC decrees banks must follow procedure before classifying MSME loans as NPAs

The ruling was based on the 2015 notification by the Ministry of MSME, which established a framework for the revival and rehabilitation of MSMEs.Read more

MSME bodies ask RBI to extend threshold period for SMA-2 stressed loan accounts

MSME borrowers cannot utilise existing credit lines to pay dues when their accounts are classified under the SMA category, hindering their recovery efforts.Read more

SBI projects MSME loans as key growth driver for next 5 years

SBI aims to enhance credit accessibility for small businesses by expanding availability through partner customer service points and QR codes at outdoor touchpoints in the coming months.Read more

BluPine Energy secures Rs 511 cr Green Loan for 120 MW Solar Project in Gujarat

The financing was obtained through Standard Chartered, a leading global banking institution, according to a company statement.Read more

Adani Green Energy secures record $1.36 bn funding for world's largest RE park

This achievement represents the company's largest project financing to date under the Construction Financing Framework, augmenting the total funding pool to $3 billion since the initial project financing in March 2021.Read more

DBS Bank India targets $1 bn SME loan portfolio by 2025

DBS India's SME portfolio stands at around Rs 5,000 crore, exhibiting a robust Compound Annual Growth Rate (CAGR) of 40% over the past three years.Read more

Tata Electronics plans over Rs 500 Cr loan for Hosur Expansion

The inaugural phase (referred to as 1A) of its manufacturing facility commenced operations in December 2022, with a total project cost of Rs 4,225 crore, funded in a 70:30 debt-equity ratio.Read more

PFC provides Rs 1,229 Cr loan for Assam methanol and formalin plants

The Power Finance Corporation (PFC), a government-owned entity, entered into an agreement to extend a term loan of Rs 1,229 crore to Assam Petrochemicals. The loan agreement between PFC and Assam Petrochemicals Ltd (APL) was formalized on September 4, 2023.Read more

Indian govt announces Rs 6.3 trillion relief package to fight second Covid wave

FM extends tenure of PLI scheme for large scale electronics manufacturing till 2025-26. Announces credit guarantee scheme to facilitate loans to 25 lakh persons through Micro Finance Institutions (MFIs).Read more

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