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Banks sanction loans worth Rs 1.25 cr to 25.74 lakh MSMEs till Sept

The latest numbers on ECLGS, as released by the ministry, comprise disbursements by all 12 public sector banks (PSBs), 24 private sector banks and 31 non-banking financial companies (NBFCs). Read more

DMG MORI banks on flexible automation for value creation

With an integral approach, DMG MORI HEITEC considers itself to be a supplier of modular, perfectly coordinated automation solutions.Read more

UEC banks on KAUP attachments for safety & precision

For more than 85 years, Universal Electric Corporation (UEC) - a pioneer in electrical power distribution - has been manufacturing innovative electrical power solutions, that it provides to a variety of industries across the globe. Read more

Adhesive maker Bostik banks on innovation for growth in India

Global adhesives maker Bostik, which participated in the Label Expo India 2018, said that it is witnessing a positive growth in the country for the past few years. “With the rapid growth of India’s adhesives market through disruptive innovations, we have new opportunities in the market. Read more

British Heating Systems banks on growth with Hendor’s pumps

British Heating Systems, which offers high-quality standard in pump and filters and is the authorised distributors for Hendor products in India, aims to expand in India by banking on eco-friendly pumps and filters of Hendor. Read more

Deepak Phenolics banks on Honeywell technology to train operators

Operator training simulation based on Honeywell UOP’s cumene process technology enables safer and more efficient productionRead more

Relief for MSME borrowers registered under Goods and Services Tax (GST)

Presently, banks and NBFCs in India generally classify a loan account as Non-Performing Asset (NPA) based on 90 day and 120 day delinquency norms, respectively. Read more

Four banks join Invoicemart TReDS platform to facilitate MSME suppliers

Four leading banks - Standard Chartered Bank, Allahabad Bank, Vijaya Bank and Yes Bank, have joined the digital invoice discounting platform Invoicemart - promoted by A. TREDS Ltd (a joint venture between Axis Bank Ltd and B2B e-commerce company Mjunction Services Ltd).Read more

Cut government stake in banks below 50%: ASSOCHAM

The Punjab National Bank's fraudulent transactions worth INR 11,300 crore should act as a strong trigger for the government for reducing its stake to less than 50% in the banks which should then be allowed to work on the lines of private sector lenders with a full sense of accountability to their shareholders protecting interest of depositors, ASSOCHAM has said.Read more

Dow banks on innovation to propel growth in India

The company, which works closely with over 300 customers to outline next generation priorities, emphasises on local R&D and collaboration across government, industry and academiaRead more

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