Change in lending rate benchmark may not aid loan book growth but increase margin volatility
Fitch Ratings Director said given the past record, it is unlikely that banks would exercise prudence while restructuring loans of MSME
The package makes it a must for large corporate buyers to register on TReDS system, shifting the risk of paying the banks from the MSME to the corporate customer
Modi announced a Rs 60-billion package for creating 20 hubs and 100 tool rooms for technology upgrade for MSMEs
11 PSBs are under the Reserve Bank of India's prompt corrective action framework
Satin is hiving it off because 85% of its lending has to be micro finance lending, according to RBI rules
The overall credit exposure has shown the highest growth in last five quarters at Rs 54.20 trn as of March 31, 2018, with MSMEs segment constituting Rs 12.6 trn of the commercial credit outstanding
This was lead by a 4 per cent growth in credit to micro and small enterprises, followed by a rise of 2.3 per cent and 0.4 per cent
He was speaking at the 'National SC-ST Hub State' conclave organised here by his ministry
Petroleum Min has decided to join the SPV following a request from the state government, but the amount of equity would be decided shortly
Total credit portfolio of MSMEs is Rs 12 lakh cr
The contribution of MSME sector, including service segment, to the country's GDP is around 40%
The minister said the government is witnessing a new trend with many MSMEs taking the e-commerce route to establish themselves in the Indian market
However, the Commerce and Industry Minister avoided commenting on the currency, saying it would be too 'sensitive' to comment on it
60 units in Western UP surrender power connection
Union Budget 2016-17 has hiked support to credit rating scheme by 600% to Rs 200 cr compared with merely Rs 28 cr during 2015-16
The beleaguered MSME sector in the state is facing flight of industry to other states
This is almost twice the turnover of Rs 875 cr achieved in the last fiscal
Organisation says 10-fold hike in lease rent and maintenance of state-owned industrial premises is a key grouse
These benefits are roughly 10.5% of the total expenditure of the Budget estimate for 2016-17, the agency said in a note