The banking system in the country has recorded a robust expansion over the last two decades, with total deposits and advances rising sharply, highlighting the growing scale and depth of financial intermediation in the country, according to a report by the State Bank of India (SBI).
Credit to micro, small and medium enterprises (MSMEs) has emerged as a key driver of bank loan expansion in recent years, supported by strong policy measures, government-backed credit guarantees and wider formalisation through the Udyam registration framework, highlighted a report by Axis Ba
New Delhi [India], October 15: A business loan provides financial assistance to entrepreneurs and enterprises to support operations, working capital, or expansion. It is often used for purchasing machinery, paying salaries, or investing in growth. Borrowers usually benefit from repayment fle
The expansion of MUDRA loans for homestays has opened a significant opportunity for small businesses in the tourism sector, with potential loans amounting to Rs 1,500 crore under the Shishu category, according to a recent report by the State Bank of India (SBI).