December 6, 2013
The State Bank of India asking its officers to meet loan-seekers only at its branches appears to be a little unrealistic. Meeting the prospective borrower at his place of stay/bu...
Visakhapatnam, Dec 6
Bankers have expressed willingness to lend under the Credit Guarantee Trust for Micro, Small Enterprises (CGTMSE) scheme, but have urged the entrepreneurs to come forward with soun...
Mangalore, Nov. 30
Corporation Bank has sanctioned more than Rs 3,000 crore from April to October through its SME (small and medium enterprises) loan centres in the country.
A press statemen...
Chandigarh, Nov 22
Over 1,000 onion farmers in Haryana will now have access to credit support through banks against warehouse receipts with first onion storage facility in the state getting WDRA accreditation.»
Mumbai, Nov 20
With a focus on priority sector and retail segment, Dena Bank organised a two-day credit camp sanctioning 888 loan proposals worth Rs 89.44 crore to the priority sector comprising borrower...
Mumbai, Nov 17
Troubles of debt-laden ABG Shipyard will continue for a while as some of the 22 lenders have opposed the country’s largest private shipbuilder’s proposal to restructure its Rs 11,150-crore loan, a...
New Delhi, Nov. 6
Move will partially ease liquidity crisis, feels industry »
London, Nov 2
The Spanish economy got a boost on Friday as ratings agency Fitch changed its credit outlook from “negative” to stable, citing improvements in the country’s fiscal management.
Madurai, Oct. 31
Chennai-based Shriram Vyapar has announced the launch of Click4loans.in with a hotline number 3000 9000 for providing loans over a call in Chennai. A loan expert will help the cust...
Mumbai, Oct 31
Reflecting the slowdown in credit growth, the bank credit in the fortnight ended October 18, 2013, marginally declined to Rs 57.94 lakh crore as compared to Rs 58.46 lakh crore in its previous for...
New Delhi, Dec 6
The Ministry for Micro, Small and Medium Enterprises (MSME) has called a meeting of heads of various Indian banks on Monday to find ways to speed up advances and timely credit flow, the MSME Minis...
Mumbai, Dec. 4
‘Wrong notion’ that credit risk in lending to this sector is high
New Delhi, Nov 25
There is a need to ensure easier access to credit and modern technology to boost the coir industry, President Pranab Mukerjee said here on Monday.
Inaugurating the Diamond Jubilee...
New Delhi, Nov. 20
Instead of extending subsidy, Govt to bear 8% of interest »
Mumbai, Nov 18
To give Rs 5,000-cr refinance to SIDBI; bank credit to medium units under priority ambit
Mangalore, Nov. 15
Karnataka Bank Ltd has launched a campaign to mobilise CASA (current account savings account) deposits. Under the nationwide campaign from November 15 to February 28, the bank intends to...
New Delhi, Nov 5
Credit flow to agriculture remained high in South India, while it was the least in North-Eastern States due to lack of awareness on existing schemes, says an Assocham study. The study ‘A...
October 31, 2013
Do you think lack of adequate finance due to shortage of organised lending from banks and other formal sources is a stumbling block in the growth of micro, small, medium enterprises (MSME) in In...
Hyderabad, Oct. 31
State Bank of Hyderabad (SBH) targets to increase the share of advances to the micro, small and medium enterprises (MSMEs) sector to 20 per cent by March 2015 from 14 per cent now. “We h...
October 29, 2013
Banks have reason to cheer after the monetary policy announced by the Reserve Bank of India, as their cost of funds is likely to dip immediately. But borrowers may not have a reason to par...