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Credit News

The share of both services and agriculture has remained constant, though.

August 3, 2022 4:40 am

Credit growth to MSME sector expanded by Rs 52,800 crores in current fiscal: SBI Research report

Credit and finance for MSMEs: “It’s clearly evident that the demand for credit is still continuing,” said Soumya Kanti Ghosh, Group…

July 31, 2022 7:42 pm

How SIDBI is helping MSMEs go ‘green’ in line with India’s climate commitments

Sustainability for MSMEs: SIDBI in February this year had set up a dedicated vertical with an objective to increase the…

Updated: July 7, 2022 10:58 pm

More than meets the eye: How fragmented data creates credit models for nano entrepreneurs

Credit and Finance for MSMEs: Building alternate credit models and disseminating credit is just the first step in the neo-lending…

Updated: June 27, 2022 7:41 am

Rs 10.7 lakh cr amounting to 6% of India’s GVA locked up annually in delayed payments to MSMEs: Report

Credit and Finance for MSMEs: “If this (delay in payments) happens repeatedly and across industries, then it indicates that delaying…

June 15, 2022 7:16 pm

Rs 77,000 crore MSME dues cleared since May 2020: MSME Min Narayan Rane

Credit and Finance for MSMEs: As per the delayed payment monitoring portal of the government MSME Samadhaan, 1.14 lakh applications…

June 12, 2022 1:15 pm

‘How credit guarantees can revolutionize financing for India’s nano entrepreneurs’

Credit and Finance for MSMEs: The power of credit guarantees enables not just wholesale lenders to get additional funding from…

Updated: June 27, 2022 7:41 am

SBI ups FY23 GDP forecast to 7.5%; from oil prices to credit growth, here are factors that will shape growth

“We are keenly watching the uncertainties regarding the crude oil prices. At $120/bbl, it still poses significant uncertainties regarding inflation…

June 2, 2022 12:02 pm

Nearly half of ECLGS funds used to clear vendor dues, one-third to restart business: RBI Annual report

Credit and Finance for MSMEs: To support new borrowers as well impacted due to the Covid pandemic, the central bank…

May 29, 2022 8:37 pm

4x jump in bank credit to micro, small enterprises during FY22, SBI report shows

Credit and Finance for MSMEs: “The timely policy interventions have helped alleviate the stress experienced by individuals, MSMEs, corporates and lenders,…

May 2, 2022 8:42 pm

Incremental credit-to-GDP share likely to breach 50% mark in FY23, says report

FY22 ended with an incremental credit growth at Rs 10.5 lakh crore, 1.8 times higher than growth of Rs 5.8…

May 2, 2022 3:37 pm

Credit growth tops Rs 10 lakh cr in FY22 driven by retail loans; inflation could play spoilsport: SBI Ecowrap

In FY 2023, credit growth is expected to remain positive, however the current inflation trends could play a ‘spoilsport’ as…

May 2, 2022 2:34 pm

Social enterprise Haqdarshak launches Yojana card for small firms, informal workers to access welfare schemes

Ease of Doing Business for MSMEs: Haqdarshak’s MSME platform currently helps businesses access over 200 schemes related to funding, subsidies,…

May 2, 2022 2:30 pm

FISME to launch digital lending platform for MSMEs; signs MoU with financial guarantee provider Eqaro

Credit and Finance for MSMEs: FISME said the platform is expected to be launched this year and will provide access…

May 1, 2022 1:14 pm

MSME sector to rebound with 15% growth in FY22, but NPAs to remain around 12%: Study

Ease of Doing Business for MSMEs: Overall annual MSME NPAs had increased from 8.6 per cent in FY19 to 12.6…

April 20, 2022 4:34 pm

Nearly 70% MSMEs on bookkeeping app Khatabook expect better business growth this year: Survey

Ease of Doing Business for MSMEs: Businesses in financial services, marketing-related activities, and internet services experienced substantial growth in H2…

April 18, 2022 2:17 pm