Union finance ministry had said that successful acquisition of debt-ridden Bhushan Steel by Tata Steel through insolvency and bankruptcy law will incr...
Andhra Bank Exposure to Sterling Group at Rs 578 Crore
The bank said it was the lead bank of the consortium in case of two group companies of Sterling Group and the exposure to these companies is Rs 578.57...
PNB Scam Might Result in Even More Tight Lending Norms: PHDCCI
Anil Khaitan also said he is surprised how the banks' internal audit system failed to detect anomalies in transactions leading to the alleged fraudule...
Yes Bank To Provide Rs 10,000 Cr Lending to Indian MSMEs
The Rs 10,000 crore Funding support from Yes Bank for MSMEs announced during Magnetic Maharashtra Convergence. CM Devendra Fadnavis led Maharashtra go...
World Bank Lends USD 100 Million to Tamil Nadu for Upliftment of Rural Enterprises
The Government of India has signed a 100 million dollar loan agreement with the World Bank for promoting rural enterprises, facilitate their access t...
Aye Finance Raises Rs. 40 Cr to Improve Lending to MSMEs
Aye Finance created a cluster-based methodology that utilises the deep insights of the operations of a business cluster to make good lending decisions...
Lendingkart Finance Gets USD 10 Million Funding to Accelerate Credit to SMEs
With the fresh funds, Lendingkart aims at widening its credit base to the Small and Medium Enterprises (SMEs) in the country. CEO and Co-Founder of Le...
RBI Working on Easing Out the Process for MSME Loans: SS Mundra
RBI is thinking about putting MSME in one bracket is a big misnomer, they are as different as chalk and cheese. "Probably every lender has to think ab...
ESAF Bank Starts its Operations in Kozhikode
Maiden private sector scheduled bank ESAF Small Finance Bank opened its branch in Kozhikode. Mayor Thottathil Ravindran inaugurated the branch at a f...
Love to Lend More to Those MSMEs Who Need Equity: Arundhati Bhattacharya, SBI
The Indian banking sector is struggling with the nightmare of NPAs. On such backdrop, the government as well as banks are pushing to fund the neglecte...