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FICCI-IBA Bankers' Survey: Banks report a decline in NPAs in 2nd half of 2020
The survey findings also show that long term credit demand has been growing for sectors such as infrastructure, pharmaceuticals and food processing.Read more
Fall in bankruptcy filing between 2018 to 2020: Anurag Singh Thakur
As per data provided by the National Company Law Tribunal, 8,330 applications in the year 2018, 12,091 in the year 2019 and 5,282 in the year 2020 were filed under the IBC.Read more
Stand up India scheme benefited over 1,10,019 beneficiaries
The scheme was aimed to boost MSME sector to kick start more manufacturing to strengthen tier-2 connect.Read more
Nitin Gadkari: “Ministry and World Bank working on credit guarantee program to finance unrated MSMEsâ€Â
The government is aiming to really educate MSMEs about the benefit of adopting solar rooftop and achieving cost-competitiveness. Read more
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
IMTMA supports Indian machine tools for MSME tool rooms
Recently, for tenders - floated by MSME Ministry for acquiring CNC machines, measuring instruments and accessories - none of the Indian machines were selected. Now, IMTMA has requested the government to reconsider offers submitted by Indian manufacturers.Read more
Cost-effective ways to improve cargo security using security seals
Safety requirements for transport and warehousing of goods have been continuously increasing over the last few years. Security seals can offer easy-to-use and cost-effective form of protection, says Rajesh Kumar Banka.Read more
Hyundai partners with HDFC bank to offer financing solutions on Click to Buy
In this partnership, Hyundai will offer its customers customised car financing solutions from HDFC Bank directly on the ‘Click to Buy’ online car buying platformRead more
RBI takes steps to reduce COVID 19 stress on financial system
RBI has decided to reduce the policy repo rate under the liquidity adjustment facility (LAF) by 75 basis points to 4.40 per cent from 5.15 per cent with immediate effectRead more
Is worst behind us?
With India facing longer-than-expected phase of economic slowdown, the International Monetary Fund (IMF) has urged the government to take urgent policy actions to address the current downturn.Read more