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key fact statement: RBI asks banks, NBFCs to share key facts to loans with all retail, MSME borrowers

The Reserve Bank of India (RBI) has requested banks and NBFCs to provide borrowers from retail and micro and small enterprises with a key fact statement (KFS) detailing loan agreement information, including all-in-cost. The move aims to increase transparency and disclosure in loan pricing by regulated entities. ....

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RBI policy: Don't expect rate cuts before August monetary policy: Siddhartha Sanyal

Well, on the growth front, one would have to give the RBI the benefit of doubt because the projections they have done of late have actually turned out to be true more often than not and there had been some upside surprise on growth numbers, at least at the headline level. ....

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SIDBI ET MSME Conclave: Fifth session in Rajkot to focus on the state's technology integration and innovation

The programme is now entering the fourth largest city of Gujarat, which is also a leader in manufacturing, with the aim to host and uplift its entrepreneurs and small businesses. ....

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Key Fact Statement (KFS) now mandatory: New RBI measure enhances transparency in lending for retail and MSME borrowers

The RBI has mandated that all regulated entities provide a Key Fact Statement (KFS) to retail and MSME borrowers, ensuring greater transparency and enabling customers to make informed decisions ....

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income tax law: Traders hint at slump in bulk purchases from MSME units before April as new IT law stares them in face

The new income tax law requiring master distributors to clear MSME bills within 45 days sparks concern among merchants. Some reduce purchases to comply, fearing tax implications. Merchants argue customers face no such deadlines, posing payment challenges. Trade bodies seek grace periods and leniency, highlighting logistical and financial hurdles. Calls for government payments to set examples and requests for extensions underscore broader industry apprehensions over the law s impact on trade dynamics. ....

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