Clipped from: https://www.financialexpress.com/money/your-queries-loans-you-need-to-submit-proof-of-renovation-for-top-up-home-loan/2329495/ Even if the loan is transferred to a new service provider, the construction period will remain the same as eight years, being more
Category: MSME-Startup
Gross NPA of banks likely to cross ₹10 lakh crore by March 2022: Assocham-Crisil study – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/gross-npa-of-banks-to-cross-10-lakh-crore-by-march-2022-assocham-crisil-study/article36452200.ece?homepage=true This is expected mainly due to slippages in retail, MSME accounts Banks’ gross non-performing assets (GNPAs) are likely to exceed ₹10 lakh crore
To solve a Rs 5-lakh-crore problem for small businesses, India needs innovative solutions – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/to-solve-a-rs-5-lakh-crore-problem-for-small-businesses-india-needs-innovative-solutions/articleshow/86158719.cmsSynopsis The challenges that MSMEs face are multi-faceted and therefore, policy makers should also embrace greater diversity in solutions that supplement the efforts already
Bank loans to NBFCs grow slower as credit to small lenders dries up – The Financial Express
Clipped from: https://www.financialexpress.com/industry/bank-loans-to-nbfcs-grow-slower-as-credit-to-small-lenders-dries-up/2328866/ Credit outstanding to non-bank lenders has been growing in the low single digits through much of the current year, with banks’ NBFC book
Four things you may not know about P2P lending – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/four-things-you-may-not-know-about-p2p-lending/article36404029.ece?homepage=true Before you experiment with this latest fad, be aware of how these loan products work With interest rates on bank deposits at rock-bottom,
Picking up the threads – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/picking-up-the-threads/article36385534.ece PLI for man-made fibres is timely, but it should help MSMEs improve scale Following representations from industry, the Cabinet has approved certain changes
NBFCs should also lend to lower rated corporates: Principal economic advisor Sanjeev Sanyal – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/nbfcs-should-also-lend-lower-rated-corporates-principal-economic-advisor-sanjeev-sanyal/articleshow/86040782.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Sanjeev Sanyal highlighted a need facilitate more funds flow to the lower corporates as most lending is to the top-rated borrowers. A recent
hdfc bank: HDFC Bank partners with NSIC to offer credit support to MSMEs – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/hdfc-bank-partners-with-nsic-to-offer-credit-support-to-msmes/articleshow/86002065.cms NEW DELHI: Continuing its efforts to support MSMEs, HDFC Bank has signed a Memorandum of Understanding (MoU) with National Small Industries Corporation (NSIC) to offer credit support
MSMEs welcome Income Tax rules tweak by govt to ease e-records authentication in faceless assessments – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-eodb-msmes-welcome-income-tax-rules-tweak-by-govt-to-ease-e-records-authentication-in-faceless-assessments/2325850/ Ease of Doing Business for MSMEs: Under the existing provisions of faceless assessment, the EVC-led authentication process was not available to certain companies,
Start-ups: Does one participate? | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/start-ups-does-one-participate-121090601431_1.html The sky-high valuations are worrying, but can investors just ignore these companies? The Indian start-up scene is incredibly vibrant. Every week we hear
Account Aggregator: A new digital revolution in India – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/a-new-digital-revolution-in-india/articleshow/85955574.cmsSynopsis An Account Aggregator can, with the enterprise’s consent, furnish the data seamlessly to multiple banks to apply for a loan, accept the best
Reimagining credit for MSME borrowers – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/reimagining-credit-for-msme-borrowers/2324422/ The question of “Am I creditworthy?” is changing to “Who can understand my creditworthiness?” This technology-driven transition is visible in every step of
PLI Schemes: Chinese firms to be let in; MeitY assures industry that supply chains won’t be disrupted, other ministries to follow suit – The Financial Express
Clipped from: https://www.financialexpress.com/industry/pli-schemes-chinese-firms-to-be-let-in-meity-assures-industry-that-supply-chains-wont-be-disrupted-other-ministries-to-follow-suit/2324472/ Though the assurance has been given by the ministry of electronics and IT to the hardware industry executives, who had made a representation
Loan delinquencies materially increased in SME, retail segments; NPLs may jump 50% in 2 years: Moody’s – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-loan-delinquencies-materially-increased-in-sme-retail-segments-npls-may-jump-50-in-2-years-moodys/2318358/ Credit and Finance for MSMEs: The retail and SME NPL ratio has increased at most banks rated by Moody’s. This included Punjab National
Foreign trade policy 2021-26- Can new FTP refuel India’s stagnant exports? – BusinessToday
Clipped from: https://www.businesstoday.in/opinion/columns/story/foreign-trade-policy-2021-26-can-new-ftp-refuel-indias-stagnant-exports-305852-2021-09-03 The uncertainties pertaining to Remission of Duties and Taxes on Export Products (RoDTEP) rates had put the exporters in a peculiar position It
Across the Aisle: No thanks to the government, writes P Chidambaram – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/across-the-aisle-no-thanks-to-the-government-writes-p-chidambaram/2324041/ Nevertheless, we must welcome the growth of 20.1 per cent because it shows what a country and its people can achieve notwithstanding an
Ease of Doing Business? From incorporation to listing, how regulatory burden is stifling MSME development – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/cafe-sme/msme-eodb-ease-of-doing-business-from-incorporation-to-listing-how-regulatory-burden-is-stifling-msme-development/2322244/ Ease of Doing Business for MSMEs: While the number of MSMEs has almost doubled since the previous MSME census, the share of micro-units
PLI scheme for the steel sector: a shot in the arm – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/pli-scheme-for-the-steel-sector-a-shot-in-the-arm/article36267546.ece Interested industry players have an opportunity to seek coverage or an increase in incentive percentage under the Scheme India Inc. is increasingly recognised
PLI playbook good, but Make in India needs more – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/pli-playbook-good-but-make-in-india-needs-more/2322953/ High-tech manufacturing strategy should be rolled out; govt must weigh the benefits of the PLI against the outlays For an additional investment of
Manish Sabharwal and TV Mohandas Pai write: From legs to minds
Clipped from: https://indianexpress.com/article/opinion/columns/india-entrepreneurs-business-economy-7485550/ Manish Sabharwal and TV Mohandas Pai write: Regulatory simplicity allowed Indian industries built on minds — software services and start-up ecosystem — to
