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Working capital finance is an important aspect in any venture, more so for the fledgling MSME businesses. As the Indian economy is largely MSME driven with this sector contributing upwards of 30% to the economy...
Sahakar Bharati has presented its view before the Expert Committee formed by the RBI to take stock of the
Edelweiss strengthens co-lending partnership with CBoI for MSMEs By IANS | 0 Views Edelweiss strengthens co-lending partnership with CBoI for MSMEs . (Twitter). Image Source: IANS News Mumbai, June 1 : Edelweiss Retail Finance Limited (ERFL), an arm of the Edelweiss Group on Tuesday announced strengthening of its existing Co-Lending partnership with Central Bank of India (CBoI), one of India's largest commercial banks for Priority Sector Lending to MSMEs (Micro, Small and Medium Enterprises). The lenders recently signed a new MoU under RBI's CLM, expanding the portfolio of lending p...
The Reserve Bank of India (RBI) will give banks Rs 50,000 crore to enable them to lend further for "healthcare needs" in the Covid-19 crisis, said governor Shaktikanta Das on Wednesday. “India has mounted a valiant defence against Covid-19. The RBI will continue to monitor the emerging situation and deploy all instruments at its command," said Das at an unscheduled briefing where he listed measures the central bank will take to support the economy during a second wave of infections. “On-tap liquidity of Rs 50,000 crore at repo rate is being opened till March 31, 2022. Under the sche...
Reserve Bank of India Governor Shaktikanta Das. | Photo Credit: PTI In an unscheduled address, the Governor said that the situation in the country has reversed from being on foothills of strong economic recovery to facing a fresh crisis. The Reserve Bank of India (RBI) on May 5 announced several measures to protect small and medium businesses, individual borrowers from the adverse impact of the intense second wave of COVID-19 across the country. It has also made provisions for banks to advance loans to businesses and restructure loans for enhancing liquidity in the system to help mitigate...