The RBI plans to phase in increased provisioning for project financing to ease lender burdens and may offer leniency for nearly completed projects, reports The Economic Times (ET).
RBI Weighs Gradual Rollout of Infrastructure Financing Norms After Lender Feedback Read More »
Domestic banks and NBFCs now hold 36.5% of Adani Group’s total debt, rising from the previous year. Operating profit surged.
Debt exposure of domestic banks and NBFCs in the Adani Group rises to 36% Read More »
India’s Reserve Bank Governor announced ULI, a new digital lending platform to meet credit demand, especially for agriculture and MSME sectors.
RBI to Launch Unified Lending Interface for MSMEs, Agriculture, and More Read More »
Union Finance Minister Nirmala Sitharaman highlighted the importance of MSMEs in India’s development, prioritizing them in the budget and launching dialogue programs.
Finance Minister Nirmala Sitharaman: MSMEs Crucial for Realising Vision of 2047 Read More »
TransBnk, a fintech company, raised $4M in funding to expand networks, enter new markets, and enhance tech infrastructure.
Fintech Company TransBnk Secures $4 Million in Series A Funding for Banking Solutions Read More »
Recordent’s survey on B2B payment trends reveals cities with concerning payment behavior, emphasizing the challenges faced by Indian businesses.
52% of MSME B2B payments in major Indian cities are overdue for more than 90 days Read More »
Finance Minister Sitharaman urges Regional Rural Banks to develop tailored products for MSME clusters, emphasizing proactive outreach, credit availability, and digital services.
FM urges RRBs to develop tailored products for MSME clusters Read More »
The RBI identified violations by NBFC-P2P lending platforms, prompting revised guidelines, including capping exposure at Rs 50 lakh and prohibiting certain practices.
RBI Highlights Regulatory Violations by Certain NBFC-P2P Lending Platforms Read More »
Public Sector Banks in India will launch a new internal credit rating system for MSMEs to reduce reliance on costly external ratings.
PSBs to launch MSME credit rating, reducing reliance on external ratings Read More »
The State Bank of India raised its MCLR by 10 basis points, making consumer loans more expensive, impacting borrowers significantly.
SBI Hikes Lending Rates Again, Consumer Loans to Cost More Read More »
