The Finance Ministry has been requested by apex body of exporters to cap interest rates on loans for small and medium sized businesses. Exporters are demanding the interest rate to be capped at 7 percent and including export credit under priority sector lending in forthcoming budget.

The successive policy rate hikes made interest rates uncompetitive internationally and it has hit capital ...

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The Marathwada Association of Small Scale Industries and Agriculture (MASSIA) has approached banks to consider a moratorium on repayment and debt restructuring, higher working capital limits, additional term loans and bills discounting or factoring. The Association has engaged the government for assistance in reviewing non-performing MSMEs assets to overcome temporary lows and help keep the units alive. ...

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HDFC Bank has decided to slash interest rates on personal and commercial loans up to 150 basis points, from Jan 19, 2009. In addition, the bank will also cut interest rates on corporate loans and wholesale credit, a positive step for small and medium businesses. The move is a pre-emptive measure to cushion slackening auto, manufacturing and small business sales in ...

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Andhra Bank has reduced interest rates to micro businesses by 100 basis points and for small businesses by 50 basis points. The policy change will immediately apply to both existing and new loans. The bank has also announced that they will grant need-based ad hoc working capital demand loans up to 20 percent of the existing fund-based limits for units with ...

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All 28 public sector banks have reduced interest rates. While Indian small and medium enterprises will receive a reduction of 50 basis points, micro enterprises will receive a rate reduction totalling 100 basis points in interest. ...

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