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 ...

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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 ...

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