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Byju's Breached Loan Terms Worth $42 Million, Small Stake Sale Blocked: Report
Indian ed-tech startup Byju's breached terms of loans worth $42 million and has been asked by an arbitrator not to sell some shares of a group firm, a confidential order showed, the latest setback for the company.
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Renewed Loan Guarantee Scheme To Come Into Effect From Tomorrow
A revamped credit guarantee scheme for India's micro and small enterprises will come into effect from Saturday, with the annual guarantee fee for loans up to Rs 1 crore getting reduced from the peak 2 per cent to 0.37 per cent.
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Banks May Face Rise In Bad Loans From Retail, Small Businesses: SBI Official
"We cannot have a system where we have a 20% growth year-on-year on MSME and retail and then an NPA (ratio) which will remain below 1% for retail," Ashwini Kumar Tiwari, managing director at State Bank of India said.
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Facebook Teams Up With Indian Firm to Help Provide Loans to Small Businesses
Facebook is partnering with Indian online lending firm Indifi to help provide loans to small domestic businesses as part of a push to bring more businesses to advertise on its platform.
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SBI Shows Record First-Quarter Profit, Shares At All-Time High
State Bank of India (SBI) posted a four-fold jump in slippages, or new bad loans, for the first quarter ended June as its home loan and small business segments struggled.
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RBI Norms Enable Secure Banking Ecosystem, D-Street May Be Disappointed: Experts
The RBI re-opened its one-time loan restructuring plan for individuals, small businesses, and micro, small and medium enterprises currently affected by the state-wise lockdown restrictions.
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Centre Extends Emergency Credit Line Guarantee Scheme For Small Businesses By One Month
The Centre had announced ECLGS as part of Aatma Nirbhar Bharat Package to provide credit to MSMEs, business enterprises, individual loans for business purposes and MUDRA borrowers.
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Google to Start Offering Loans to Merchants in India, Rolls Out ‘Nearby Stores’ Spot Nationwide
Google said on Thursday that it is working with partner financial institutions to help small businesses in India impacted due to the coronavirus outbreak.
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Slow Start For Government's Ambitious Plan To Resuscitate Small Businesses
Lenders have paid out just Rs 12,200 crore, barely 4 per centof the sum earmarked, since the third week of May
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RSS Unit Says Centre's Loan Package For Small Businesses Getting Delayed
Private banks are delaying implemention of the Rs 3-lakh crore credit scheme for the Micro, Small and Medium Enterprises (MSME) sector, RSS-affiliated industry body Laghu Udyog Bharti (LUB) informed Union Finance Minister Nirmala Sitharaman on Monday.
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Government In Talks With Banks To Provide Loans To Small Businesses At Up To 8% Interest
Minister of State for Finance and Corporate Affairs Anurag Singh Thakur said an inverted duty structure in textiles is under consideration.
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JPMorgan Hands Out $30 Billion In Loans To Small Businesses
JPMorgan, the largest U.S bank, approved more than $45 billion in new credit for its clients impacted by the COVID-19 pandemic in March and April.
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Boost For Small Businesses, Salaries In COVID-19 Package: 10 Points
Private sector employees will get a boost to their take-home salaries and small and medium-sized will be offered Rs 3 lakh crore in collateral-free bank loans, Finance Minister Nirmala Sitharaman announced on Wednesday, detailing parts of the government's Rs 20 lakh crore COVID-19 economic relief plan. Shadow banks and power companies will also ben...
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UP To Start Online Loan Fair For MSME Sector From Tomorrow: Yogi Adityanath
Uttar Pradesh government will on Thursday start an online loan fair for the Micro, Small and Medium Enterprises (MSME) sector under which 36,000 business persons will get loan worth Rs 1,600 to Rs 2,000, said Chief Minister Yogi Adityanath on Wednesday.
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For MSMEs, $40 Billion Unsecured Loans, Guaranteed By Government
The loans will benefit up to 45 crore small businesses, Finance Minister Nirmala Sitharaman said.
-
Byju's Breached Loan Terms Worth $42 Million, Small Stake Sale Blocked: Report
Indian ed-tech startup Byju's breached terms of loans worth $42 million and has been asked by an arbitrator not to sell some shares of a group firm, a confidential order showed, the latest setback for the company.
-
Renewed Loan Guarantee Scheme To Come Into Effect From Tomorrow
A revamped credit guarantee scheme for India's micro and small enterprises will come into effect from Saturday, with the annual guarantee fee for loans up to Rs 1 crore getting reduced from the peak 2 per cent to 0.37 per cent.
-
Banks May Face Rise In Bad Loans From Retail, Small Businesses: SBI Official
"We cannot have a system where we have a 20% growth year-on-year on MSME and retail and then an NPA (ratio) which will remain below 1% for retail," Ashwini Kumar Tiwari, managing director at State Bank of India said.
-
Facebook Teams Up With Indian Firm to Help Provide Loans to Small Businesses
Facebook is partnering with Indian online lending firm Indifi to help provide loans to small domestic businesses as part of a push to bring more businesses to advertise on its platform.
-
SBI Shows Record First-Quarter Profit, Shares At All-Time High
State Bank of India (SBI) posted a four-fold jump in slippages, or new bad loans, for the first quarter ended June as its home loan and small business segments struggled.
-
RBI Norms Enable Secure Banking Ecosystem, D-Street May Be Disappointed: Experts
The RBI re-opened its one-time loan restructuring plan for individuals, small businesses, and micro, small and medium enterprises currently affected by the state-wise lockdown restrictions.
-
Centre Extends Emergency Credit Line Guarantee Scheme For Small Businesses By One Month
The Centre had announced ECLGS as part of Aatma Nirbhar Bharat Package to provide credit to MSMEs, business enterprises, individual loans for business purposes and MUDRA borrowers.
-
Google to Start Offering Loans to Merchants in India, Rolls Out ‘Nearby Stores’ Spot Nationwide
Google said on Thursday that it is working with partner financial institutions to help small businesses in India impacted due to the coronavirus outbreak.
-
Slow Start For Government's Ambitious Plan To Resuscitate Small Businesses
Lenders have paid out just Rs 12,200 crore, barely 4 per centof the sum earmarked, since the third week of May
-
RSS Unit Says Centre's Loan Package For Small Businesses Getting Delayed
Private banks are delaying implemention of the Rs 3-lakh crore credit scheme for the Micro, Small and Medium Enterprises (MSME) sector, RSS-affiliated industry body Laghu Udyog Bharti (LUB) informed Union Finance Minister Nirmala Sitharaman on Monday.
-
Government In Talks With Banks To Provide Loans To Small Businesses At Up To 8% Interest
Minister of State for Finance and Corporate Affairs Anurag Singh Thakur said an inverted duty structure in textiles is under consideration.
-
JPMorgan Hands Out $30 Billion In Loans To Small Businesses
JPMorgan, the largest U.S bank, approved more than $45 billion in new credit for its clients impacted by the COVID-19 pandemic in March and April.
-
Boost For Small Businesses, Salaries In COVID-19 Package: 10 Points
Private sector employees will get a boost to their take-home salaries and small and medium-sized will be offered Rs 3 lakh crore in collateral-free bank loans, Finance Minister Nirmala Sitharaman announced on Wednesday, detailing parts of the government's Rs 20 lakh crore COVID-19 economic relief plan. Shadow banks and power companies will also ben...
-
UP To Start Online Loan Fair For MSME Sector From Tomorrow: Yogi Adityanath
Uttar Pradesh government will on Thursday start an online loan fair for the Micro, Small and Medium Enterprises (MSME) sector under which 36,000 business persons will get loan worth Rs 1,600 to Rs 2,000, said Chief Minister Yogi Adityanath on Wednesday.
-
For MSMEs, $40 Billion Unsecured Loans, Guaranteed By Government
The loans will benefit up to 45 crore small businesses, Finance Minister Nirmala Sitharaman said.
