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Economy

SBI double check on loan sanctions adds to cost for SMEs

SBI double check on loan sanctions adds…

New Delhi, Oct 11 (KNN) Adding to the processing cost and leading to delays in sanction of loans to small industrial units, the State Bank of India is insisting…
RBI asks banks to find alternative avenues for distribution of banknotes and coins

RBI asks banks to find alternative avenues…

Mumbai, Oct 10 (KNN)  In furtherance of its decision to find alternative avenues for distribution of banknotes and coins, the Reserve Bank of India (RBI)…
SMEs can be listed on stock market without IPO

SMEs can be listed on stock market…

Mumbai, Oct 10 (KNN) The market regulator, Securities and Exchange Board of India (SEBI) has allowed listing of small and medium enterprises (SMEs) on the stock exchanges without…
No dilution on MSME sourcing for global retailers

No dilution on MSME sourcing for global…

New Delhi, Oct 10 (KNN) The government has made it clear that it would not dilute any further the provision of 30 per cent mandatory sourcing of goods from…
RBI sets sub targets for priority sector lending

RBI sets sub targets for priority sector…

New Delhi, Oct 9 (KNN)  Under the revised RBI guidelines, of the total advances by banks to the micro and small enterprises, 40 per cent should go to…
Trade deficit at 2-year low to USD 6.76 billion as gold imports fall

Trade deficit at 2-year low to USD…

New Delhi, Oct 9 (KNN)  India’s trade deficit fell to a 30-month low in September to USD 6.76 billion as the exports were up by 6 per cent and imports…
SBI to create team to recover dues from small borrowers: Bhattacharya

SBI to create team to recover dues…

Mumbai, Oct 9 (KNN)  The State Bank of India, according to its new chief, has plans to create teams for the farm and  retail sector that will contact…
India's credit rating slips; yet upgrade seen in textiles, agri products & packaged foods

India's credit rating slips; yet upgrade seen…

Mumbai, Oct 8 (KNN):  India Inc's credit rating has slipped owing to demand slowdown, stretch in liquidity and high interest rates.  However…
RBI panel on SMEs seeks stakeholders' view by Oct 31

RBI panel on SMEs seeks stakeholders' view…

Mumbai, Oct 8 (KNN) The high profile RBI Committee formed to improve credit flow to the small and medium enterprises (SMEs) has invited comments from different stakeholders…
Banks are meant for ordinary people also, not just corporates: Fin Min

Banks are meant for ordinary people also,…

Bangalore, Oct 7 (KNN)  Banks are meant not only for corporates and rich people, but also for the common man, said Union finance minister P Chidambaram.

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