Search For "msmes"
SBI announces repo rate as external benchmark for all floating rate loans
Updated : 6 years, 6 months ago IST
Mumbai (Maharashtra) [India], Sept 23 (ANI): The country's largest lender State Bank of India (SBI) said on Monday it has decided to adopt repo rate as the external benchmark for all floating rate loans for micro, small and medium enterprises (MSMEs), housing and retail loans.
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GST approves relaxation in filing annual returns for MSMEs
Updated : 6 years, 6 months ago IST
Panaji [Goa], Sept 20 (ANI): The GST Council on Friday recommended law and procedure-related changes including relaxation in the filing of annual returns for MSMEs for 2017-18 and 2018-19. Panaji [Goa], Sept 20 (ANI): The GST Council on Friday recommended law and procedure-related changes
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Sitharaman reviews performance of banks with top management
Updated : 6 years, 6 months ago IST
Goa (Panaji) [India], Sept 20 (ANI): Union Finance Minister Nirmala Sitharaman on Thursday reviewed the performance of the banks in a meeting with the top management of public sector bank.
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Banks not to declare stressed MSMEs as NPAs as till March 31 next year: Si
Updated : 6 years, 6 months ago IST
New Delhi [India], Sept 19 (ANI): Finance Minister Nirmala Sitharaman on Thursday said banks have been told that no stressed-asset MSME should be declared a non-performing asset (NPA) till March 31 next year.
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Chandigarh: HSIIDC signs MoU with SIDB for funding MSMEs
Updated : 6 years, 6 months ago IST
Chandigarh (Haryana) [India], Sept 17 (ANI): The Board of Directors of Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) has approved the signing of Memorandum of Understanding (MoU) with the Small Industries Development Bank of India (SIDB) for funding support to
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ECGC raises insurance cover for banks up to 90 pc for working capital loan
Updated : 6 years, 6 months ago IST
New Delhi [India], Sept 16 (ANI): The Central government has enhanced insurance cover for banks up to 90 per cent for working capital loans and moderation in premium incidence for the micro, small and medium enterprises (MSMEs) sector.
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Govt announces new measures to boost exports and realty sector
Updated : 6 years, 6 months ago IST
New Delhi [India], Sep 14 (ANI): In a bid to arrest the current slowdown, Finance Minister Nirmala Sitharaman on Saturday announced the government's third set of measures to revive the economy with a renewed focus on exports and realty sector.
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Employers forecast bullish Q4 hiring intentions: ManpowerGroup survey
Updated : 6 years, 6 months ago IST
New Delhi [India], Sept 10 (ANI): Public administration and education, wholesale and retail trade and services sectors are expected to lead job market growth during October to December, according to the ManpowerGroup Employment Outlook Survey released on Tuesday.
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Edelweiss teams up with SBI for co-origination of loans to MSMEs
Updated : 6 years, 6 months ago IST
Mumbai (Maharashtra) [India], Sept 5 (ANI): ECL Finance, a subsidiary of Edelweiss Financial Services, State Bank of India (SBI) have signed a co-origination agreement to increase access to credit for micro, small and medium enterprises (MSMEs).
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IndiaMart leads Series A investment in Vyapar business accounting software
Updated : 6 years, 6 months ago IST
Noida (Uttar Pradesh) [India], Sept 3 (ANI): India's largest online business-to-business marketplace -- IndiaMart -- on Tuesday announced its investment in Vyapar, a mobile-based business accounting software for small businesses.
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Steering committee on fintech-related issues submits report
Updated : 6 years, 6 months ago IST
New Delhi [India], Sept 2 (ANI): The steering committee on fintech-related issues has recommended that the Department of Financial Services (DFS) works with public sector banks to bring in more efficiency and reduce security risks by leveraging artificial intelligence (AI), cognitive analyti
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Edelweiss Group, Central Bank of India partner to co-lend to MSMEs
Updated : 6 years, 6 months ago IST
Mumbai (Maharashtra) [India], Sept 2 (ANI): ECL Finance, a subsidiary of Edelweiss Financial Services, and government-owned Central Bank of India have signed an agreement for priority sector lending to micro, small and medium enterprise (MSME) customers.
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