Fintechs are developing new loan processing models for SMEs based on GST filings or cash flow data of the type you can get from Amazon-Flipkart-UPI.
The Serious Fraud Investigation Office (SFIO) has sought the cancellation of the banking licence of DCB Bank for its role in the National Spot Exchange
By Rishi Mehra Looking to raise funds through a bank loan? You may want to consider some aspects before you approach a bank for funds. From why you need
By Milan Mody, Bhavin Kapadia and Nidhi Parekh Originality and authenticity are the key elements when people rely and trust documents which have been certified by an
Non-performing asset recognition is likely to get prolonged till the next fiscal year and can put Rs 5.24 trillion debt in FY20 at risk increasing the
There has been a steady uptick in demand for credit from small and medium enterprises (SMEs) over the last 18 months following demonetisation and GST.
In a first for a public sector lender, Syndicate Bank plans to set up a platform for loan approval within 15 minutes. Top officials of
The falling retail inflation on one hand and unchanged interest rate on the other, raise a potent question whether the real interest rate in India
If that increased working capital is unavailable to you, you have to shrink your volume of business or be faced with a liquidity squeeze, both
Banks have also been advised to be proactive and reach out to those who do not come back, said another official. Highlights Since its formal
Kumar said MSEs form the ‘missing middle’ which needs to be strengthened if India Inc needs to gain momentum. The government is not worried over
A few months ago, the NBFCs (non-banking finance companies) were the flavour the season. Now the MSMEs (micro, small and medium enterprises) are. Both, for
The government should help the infrastructure sector with long-term credit and tax-free infrastructure bonds, the Confederation of Indian Industries (CII) has suggested to the finance
Mr Alok Verma’s case is more complex. He and his deputy (the man who would have been the government’s first choice had he been eligible)
The RBI has reportedly warned the government about the small loans given under the Pradhan Mantri Mudra Yojana to micro enterprises turning into a big
The Reserve Bank of India (RBI) has raised a red-flag on the spike in non-performing assets (NPAs) under the government’s flagship scheme to support micro
The Reserve Bank remained a net seller of dollars in November 2018, as it sold USD 644 million of the greenback on a net basis
The crux of a lending decision hinges on the financial health of your business and your ability to service the loan. By Rishi Mehra A business
bankers and lenders”. A new precedent needs to be created for bank lending to the corporate sector, more so when development banking institutions have perished.
Ahead of the general elections, the government is considering an insurance scheme for lakhs of GST-registered small and medium scale traders with a view to address certain