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RBI has observed that number of sick MSME number is on a rise and so has suggested setting up a rehabilitation fund for all such MSMEs. Promoters did not show interest in such cases and so rehabilitation of sick MSMEs has not been possible previously. But now with RBI mooting to provide support there is hope for sick MSMEs.
The ...
TAGS Tags: Deputy Governor RBI, India Opportunities Venture Fund, K C Chakrabarty, MSE Loan Policy, MSME Credit Availability, MSMEs of India, Non-Discretionary Settlement Scheme, RBI, Rehabilitation Policy, Sick MSME Rehabilitation, Sick MSME Units, Sidbi, Startup SMEs
CATEGORIES Small Business News
India and Pak are on the road to economic prosperity and trade growth. In order to improve business between both the nations, India has allowed Foreign Direct Investment (FDI) from Pakistan. This has paved way for Pakistan based industries to start business in growing Indian market. There is expectation that small business sector of both countries will flourish.
It is part ...
TAGS Tags: banking services, Cross-Border FDI, Economic Ties, FDI, Foreign Direct Investment, India and Pakistan, India-Pakistan Business Council, Indian Market, Pak India Trade, Pakistani Industries and Banks, RBI, Small Business Loans, small business sector, Start Business, State Bank of Pakistan
CATEGORIES Small Business Trade
Deputy Governor KC Chakrabarty of Reserve Bank of India summoned banks for showing laxity while financing to small and medium enterprises in the country. SME's need working capital and for which they seek loans. So, banks should be willing to lend out loans to small businesses.
When the bank management starts to monitor the loan applications then obviously more SMEs ...
A detailed study report analyzing balance sheets of 2,000 SMEs for financial Years 2007 and 2008 has been released by ratings agency, Crisil Ltd. The report shows that banks have not really supported the SMEs cause in India.
A financial allocation hike for SMEs from banks is necessary and the report says that banks just ...
TAGS Tags: Banks, Crisil Ltd, RBI, SMEs
CATEGORIES Small Business Loans, Small Business News
In a meeting conveyed by Finance minister Pranab Mukerjee, on Saturday, the minister showed optimism in banks refraining from increasing lending rates in-spite of the fact that some public sector banks including SBI indicated probable hikes in lending and deposit rates. Mr. Mukerjee said, “Though there is some tightening of monetary policy by the RBI we do not expect banks to ...
