MSME Lending

Says banks have a role to play by making finance available to incentivise sustainable initiatives

RBI in October 2022 lifted its three-year ban on lender from opening new branches

MSME-focused shadow lender Trucap Finance has announced two deals -- buying out the retail MSME book of the Jalandhar-based EZ Capital in a share swap deal and a Rs 105 crore funding in a mix of equity and debt from the Mauritius-based fund Zeal Global. The city-based NBFC has a loan book of around Rs 500 crore spread across unsecured small-ticket MSME business loans (Rs 270 crore) and Rs 230 crore of gold loans. Its branches are spread across Maharashtra, Delhi-NCR, MP, Goa, Gujarat, and Rajasthan. The deal with EZ Capital involves taking over the Rs 65-crore MSME retail book along with over 100 people and 10 branches in Punjab and Delhi-NCR, in a share swap deal wherein the promoters of EZ will get 931 shares of Trucap for their every 711 shares. EZ will own 17 per cent of Trucap, Rohan Juneja, the managing director & chief executive of Trucap told PTI on Tuesday. On funding from Zeal Global, he said the fund is picking up an 8.25 per cent stake in the company for Rs 80 crore ...

The National Credit Guarantee Trustee Company Ltd (NCGTC) declared that 1.6 million accounts or 16.4 per cent of the total 9.8 million loans disbursed have been converted to NPAs

'Mounting repayment pressure for some borrowers amid India's interest rate hikes, particularly for micro, small and medium-sized enterprises, will test banks' loan underwriting quality'

What is Udyam registration for MSMEs?

Loan demand of micro, small and medium enterprises (MSMEs) is rising. But how do one register to set up an MSME? For this the govt had launched an online system called Udyam. Let us know more about it

U GRO Capital's AUM had risen to Rs 2,589 crore and its branch network stood at 82

The enhanced limit is subject to a maximum of Rs 200 crore per borrower

Indifi said it registered a 100 per cent growth in the number of loans disbursed from December 2020 to December 2021

SBI has onboarded U GRO Capital as its first co-lending partner for its Sanjeevani programme to finance MSMEs

The country's largest private lender HDFC Bank had the highest share in restructuring at Rs 17,395 crore, followed by another private lender ICICI Bank at Rs 4,156 crore

MSMEs in Punjab will get an impetus with the state cabinet approving rules to provide a legal framework for their operations, with effective mechanisms to mitigate the problem of delayed payments

High credit growth was helped by government's lending scheme and it masks asset quality pain: Agency

Scheme removes the ceiling of outstanding loans of Rs 500 crore, keeps government's guarantee cover of Rs 3 trillion.

Backed by the Singapore-based Clermont Group and Arpwood Partners, SBFC Finance wants to redefine the play in lending to micro-enterprises

The pace of retail credit, a segment which has the maximum focus of banks, decelerated to 9.1 per cent in January 2021 from 16.9 per cent in January 2020

Speed and flexibility to cater to a wider segment of small borrowers are tilting market in their favour

To use digital banking platform YONO extensively to cut-down on response time and scale up activity for it

Your rights arise only from the contract between you and the supplier, say expert

Through this innovative account construct, MSMEs and other organisations will be able to make cashless payments and also provide a financial security blanket to their employees," the bank said.