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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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More Than $200 Billion In Covid Loans Stolen By Fraudsters In US: Report
The inspector general of the Small Business Administration released a report that gives the largest estimate of how much of the $1.2 trillion disbursed was stolen by fraudulent claims.
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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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Small Loans Business Up A Robust 16.5 Times In 10 Years
The microfinance business has grown 16.5 times to Rs 2,85,441 crore in the past ten years, according to India Microfinance Review FY 2021-22.
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What Is Emergency Credit Line Guarantee Scheme? Read Here
As many as 117.87 lakh businesses have been provided 100 per cent guaranteed collateral free loans under the emergency credit line guarantee scheme
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Credit To Medium Size Industries Grew 48.6% In October: RBI Data
Credit to medium industries saw a remarkable growth of 48.6 per cent in October 2021 size-wise compared to 20.8 per cent growth seen in October 2020
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Government Extends Emergency Credit Guarantee Scheme Till End Of 2021-22
Government has decided to extend the duration of the Emergency Credit Line Guarantee Scheme till March 31, 2022
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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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Loans Worth Rs 15 Lakh Crore Sanctioned Under Mudra Scheme In 6 Years: Centre
Government has sanctioned loans amounting Rs 15.5 lakh crore under its flagship Pradhan Mantri Mudra Yojana ever since its inception in April 2015.
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Non-Food Bank Credit Growth Slid In May 2021: RBI Data
Non-food bank credit growth decelerated and stood at 5.9 per cent in May 2021 as compared to 6.1 per cent in May 2020, as per RBI data.
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Sensex, Nifty Fall As Financials Weigh, Relief Steps Fail To Impress
Economists said new guarantees on bank loans to small businesses and tourism sectors would not be sufficient to boost economic growth.
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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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Small Businesses "Betrayed" in "Crony-Centric" Budget: Rahul Gandhi
Describing the Union Budget as "crony-centric", Congress leader Rahul Gandhi on Thursday said the micro, small, and medium enterprises (MSMEs) were given no low interest loans or GST relief which meant that the employers of India's largest workforce were "betrayed".
-
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.
-
More Than $200 Billion In Covid Loans Stolen By Fraudsters In US: Report
The inspector general of the Small Business Administration released a report that gives the largest estimate of how much of the $1.2 trillion disbursed was stolen by fraudulent claims.
-
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.
-
Small Loans Business Up A Robust 16.5 Times In 10 Years
The microfinance business has grown 16.5 times to Rs 2,85,441 crore in the past ten years, according to India Microfinance Review FY 2021-22.
-
What Is Emergency Credit Line Guarantee Scheme? Read Here
As many as 117.87 lakh businesses have been provided 100 per cent guaranteed collateral free loans under the emergency credit line guarantee scheme
-
Credit To Medium Size Industries Grew 48.6% In October: RBI Data
Credit to medium industries saw a remarkable growth of 48.6 per cent in October 2021 size-wise compared to 20.8 per cent growth seen in October 2020
-
Government Extends Emergency Credit Guarantee Scheme Till End Of 2021-22
Government has decided to extend the duration of the Emergency Credit Line Guarantee Scheme till March 31, 2022
-
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.
-
Loans Worth Rs 15 Lakh Crore Sanctioned Under Mudra Scheme In 6 Years: Centre
Government has sanctioned loans amounting Rs 15.5 lakh crore under its flagship Pradhan Mantri Mudra Yojana ever since its inception in April 2015.
-
Non-Food Bank Credit Growth Slid In May 2021: RBI Data
Non-food bank credit growth decelerated and stood at 5.9 per cent in May 2021 as compared to 6.1 per cent in May 2020, as per RBI data.
-
Sensex, Nifty Fall As Financials Weigh, Relief Steps Fail To Impress
Economists said new guarantees on bank loans to small businesses and tourism sectors would not be sufficient to boost economic growth.
-
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.
-
Small Businesses "Betrayed" in "Crony-Centric" Budget: Rahul Gandhi
Describing the Union Budget as "crony-centric", Congress leader Rahul Gandhi on Thursday said the micro, small, and medium enterprises (MSMEs) were given no low interest loans or GST relief which meant that the employers of India's largest workforce were "betrayed".
