Business Daily from THE HINDU group of publications
Tuesday, Jan 06, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Tuesday, Jan 06, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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Money & Banking
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Interest Rates Industry & Economy - SSI IDBI Bank cuts rates on MSME loans Mumbai: IDBI Bank on Monday announced a slew of measures to boost flow of credit to Micro, Small and Medium Enterprises . The bank has reduced interest rates for all existing and new loans disbursed to micro industries by 100 basis points with immediate effect. For Medium Enterprises, interest rates have been reduced by 50 basis points for fund-based exposures up to Rsb10 crore. Tht rate reduction is with reference to rates prevalent on November 30,. Further, the bank plans to grant need-based ad hoc working capital demand loans to MSMEs repayable in one year. – Our Bureau More Stories on : Interest Rates | Private Banks | SSI
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