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Small Industries Development Bank of India (Sidbi) on Monday said its net profit rose by 19.5 per cent to hit an all-time high of Rs 4,811 crore in the 2024-25 financial year. The Lucknow-headquartered bank had earned a net profit of Rs 4,026 crore in the previous financial year. During the year, Sidbi's balance sheet crossed Rs 5.6 lakh crore, the bank said in a statement. The asset base grew by 8.7 per cent to Rs 5,68,238 crore as of March 31, 2025, from Rs 5,22,521 crore as of March 31, 2024. The loans and advances portfolio rose by 8.8 per cent to Rs 4,96,282 crore from Rs 4,56,015 crore in FY24, it said. The bank earned an income of Rs 38,511 crore, up 20.6 per cent over the previous year. Earnings per share increased to Rs 84.62 in FY25. Regarding asset quality, it stated that the Gross NPA and Net NPA ratios stood at 0.04 per cent and nil, respectively, as of March 31, 2025. The bank's annual general meeting held on Monday approved a dividend of 20 per cent for ...
Fintech major PhonePe on Wednesday signed an MoU with SIDBI to offer an end-to-end digital solution through the Udyam Assist Platform (UAP) to empower micro enterprises and merchants. The collaboration aims to formalise Informal Micro Enterprises (IMEs) across India by providing them with digital-first Udyam Assist registration, which enables them to access benefits including government schemes, credit facilities, and the broader digital payments ecosystem. The MoU was signed in the presence of Union Minister for Micro, Small and Medium Enterprises, Jitan Ram Manjhi. "Our partnership with SIDBI will unlock access to government schemes, credit facilities, and crucial benefits for MSMEs and will help contribute to India's economic vision. Through PhonePe's user-friendly and efficient, end-to-end digital solution, we're not just facilitating registration, we are translating the vision of empowering small and micro businesses into a seamless digital reality," PhonePe Pending CEO Hemant
Business confidence among micro, small, and medium enterprises improved in the April-June quarter, backed by steady domestic demand and a supportive financial environment, according to the latest MSME Outlook Survey released by SIDBI on Wednesday. The Composite MSME Business Confidence Index (M-BCI) rose to 63.75 during the quarter under review from 60.82 in the previous quarter. A value above 50 suggests positive sentiment. Manufacturing and trading MSMEs drove the gains, while the services sector remained stable with a marginal decline, it showed. The MSME Business Expectations Index (M-BEI), reflecting the outlook for upcoming quarters, stood at 62.19 for July-September and 67.88 for the first quarter of the next fiscal, suggesting sustained optimism despite headwinds like global tariffs and trade volatility. A total of 88 per cent of respondents reported improved access to finance, up from 79 per cent in the previous round, the survey said. The report also indicated that fewer
/ -- Dun & Bradstreet, a leading global provider of business decisioning data and analytics, along with Small Industries Development Bank of India (SIDBI), has released the Sustainability Perception Index (SPeX), for January-March 2025 period. The SPeX, (also known as the 'Green Pulse Indicator') evaluates perception of sustainability of micro, small and medium enterprises (MSMEs) across three dimensions: willingness, awareness, and implementation. The SPeX rose by 14.7% quarter-on-quarter to reach 69 in Q1 2025, marking its highest level in the past 10 quarters. All three dimensionsAwareness (+20%), Willingness (+17%), and Implementation (+2%) increased from Q4 2024, each reaching their highest levels in the last 10 quarters. Dr. Arun Singh, Global Chief Economist, Dun & Bradstreet, said, "MSMEs have made remarkable strides in their sustainability journey, with awareness, willingness and implementation reaching record highs in Q1 2025 since we started tracking in Q4 2022. ...
SIDBI Venture Capital Limited has been selected as the fund manager for Rs 1,000 crore venture capital fund announced by the government to support private sector firms in the space technology domain. The Indian National Space Promotion and Authorisation Centre (IN-SPACe) made the announcement in this regard on Friday. "M/s SIDBI Venture Capital Limited is selected as the Fund Manager / Investment Manager for the Rs 1,000 crore Venture Capital Fund for the Indian Space Sector," the IN-SPACe said in a statement. The fund will deploy the amount earmarked for it over a period of five years, with a planned deployment of Rs 150 crore in the 2025-26 financial year followed by Rs 250 crore each in the next three financial years and Rs 100 crore in 202930. "The indicative range of investment is proposed to be Rs 10 crore-Rs 60 crore, contingent upon the stage of the company, its growth trajectory and its potential impact on national space capabilities," the government said in an ...
The Small Industries Development Bank of India on Wednesday said it has tied up with AFD, under which the French lender will provide a USD 100 million credit line. The resources will be deployed by Small Industries Development Bank of India (SIDBI) to scale up its green finance solutions for the Indian micro, small and medium enterprises (MSMEs), according to a statement. AFD will provide a credit line of USD 100 million to SIDBI to expand access to affordable financing for MSMEs investing in energy-efficient technologies, renewable energy solutions, and climate-friendly business practices, it said. Both the partners are committed to fostering sustainable economic development and enhancing climate resilience in emerging markets, the statement said, adding that the tie up leverages AFD's climate financing strengths and SIDBI's MSME understanding. "The USD 100 million credit line signed with SIDBI marks a crucial step in empowering MSMEs to invest in sustainable solutions. MSMEs have