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'MSME loan guarantee scheme is a big business opportunity for us'

Mumbai, June 11 -- The government's ambitious Rs.3 lakh crore automatic loan scheme for micro, small and medium enterprises (MSME) has received a big thumbs up from banks who are looking at it as a hu... Read More


Sebi removes Rana Kapoor as Yes Bank promoter

New Delhi, June 10 -- Markets regulator Securities and Exchange board removed Yes Bank founder Rana Kapoor as a promoter and has reclassified him as an ordinary public shareholder. According to two pe... Read More


SBI looks to hire CFO, data protection officer

Mumbai, June 9 -- State bank of India has invited applications for the post of chief financial officer following the exit of Prashant Kumar who took over as the chief executive officer of Yes bank. T... Read More


Microfinance customers are also going digital: R. Bhaskar Babu

New Delhi, June 8 -- The coronavirus pandemic is likely to see a dramatic shift in the way microfinance customers will do banking transactions. More customers are now taking to digital to repay their ... Read More


RBI proposes changes to securitisation rules

Mumbai, June 8 -- Reserve Bank of India on Monday came out with draft guidelines on securitisation which includes revision in definition of securitisation and lowered the stake the originating bank or... Read More


RBI guv calls for 'full throttle' on easing financial conditions

Mumbai, June 6 -- Reserve Bank of India (RBI) governor Shaktikanta Das called for a substantial easing of financing conditions when the lockdown is lifted, minutes of the central bank's last rate-sett... Read More


MPC minutes: RBI goes all out to rev up economy

Mumbai, June 6 -- Reserve Bank of India (RBI) governor Shaktikanta Das called for a substantial easing of financing conditions when the lockdown is lifted, minutes of the central bank's last rate-sett... Read More


Banks craft loan recovery plans

Mumbai, June 5 -- Banks and non-banking financial companies in India are mapping new strategies as they prepare for the challenge of recovering their retail loans amid widespread disruptions to househ... Read More


Reserve Bank may allow relaxation for MSME loans

Mumbai, June 5 -- The Reserve Bank of India (RBI) is in favour of scrapping the risk weight on loans given by banks to small and medium enterprises under the government's '3 trillion loan guarantee sc... Read More


Banks, NBFCs line up to woo MSMEs

Mumbai, June 5 -- Banks, non-banking financial companies and fintech companies are looking at the government's Rs.3 trillion automatic collateral-free loans to micro, small and medium enterprises (MSM... Read More