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Biz2Credit Advisor The Punjab & Sind Bank (P&S Bank) is seeking clearance from the government to buy a 30 percent stake in the Small Industries Development Board of India (SIDBI) in a private placement deal. The transaction would also require special clearance from the Reserve Bank of India, which allows companies to invest only 10 percent equity in banks. The bank expects to ...
The Orissa government is setting in motion several provisions of the MSME Development Policy. The first priorities include creating small scale product listings, vendor development, buyer-seller meets and formulating a venture capital scheme. The state body Orissa State Financial Corporation (OSFC) proposed a venture capital plan that would be funded with contributions from the state government and institutions like the Small ...
