January 10, 2020 12:08 am
The overall NPAs of commercial lending declined 20 bps to 16.8 per cent in September last, marginally lower than 17 per cent in September 2018, the report said.
October 23, 2019 4:39 pm
A change in definition is expected to improve their ease of doing business and help create more jobs.
October 22, 2019 6:07 pm
Observing that MSMEs are the heart of the Indian economy, Nitin Gadkari said "now, the mission for five years is that we need to create more than five crore jobs in five years, particularly in tribal, rural and agricultural areas".
September 20, 2019 7:01 am
Sitharaman said the thumb rule being used in such credit deployment activity is that for every old customer, banks should bring in five new customers. Banks will select these districts based on commercial potential.
August 17, 2019 4:36 am
The CM also said the situation in West Bengal was better in the backdrop of companies closing down across the country.
August 06, 2019 3:00 am
Top Finance Ministry officials will also meet leading foreign portfolio investors (FPIs) over a number of Budget issues including the surcharge on income tax that have led to outflows from equity markets and a sharp plunge in share prices.
July 29, 2019 7:13 am
Under the Aajeevika-National Rural Livelihood Mission (NRLM), these SHGs groups will now be formalised so that they can avail higher loans and scale up their enterprise.
June 28, 2019 4:35 am
The state-run banks have to ensure that MSMEs need not “suffer for want of credit”, the finance ministry said on Thursday.
June 26, 2019 3:02 am
Pointing that stress in almost 30-35 per cent of MSME accounts is due to payment delays and such catastrophe/calamities, the committee said that, “the intent must be to mitigate the impact”.
April 12, 2019 1:10 am
According to a TransUnion CIBIL-SIDBI report, commercial credit growth has continued to rise at 14.4 per cent year-on-year (y-o-y) in the quarter ended December 2018.