Page 16 - Msme

FIDC urges govt to address issues of MSME borrowers and NBFCs

The Finance Industry Development Council (FIDC) has urged the Ministry of Micro, Small & Medium Enterprises (MSME) to address issues faced by MSME borrowers and the NBFCs catering to these enterprises.

RBI has given us 120 days to operationalise SFB: Centrum's Jaspal Bindra

In an exclusive interview with Business Standard, Jaspal Bindra, executive chairman of Centrum group said it has committed Rs 1,800 cr capital to the SFB, Rs 900 cr of which will come in first year

SME will be fastest-growing segment over next 3-5 years: HDFC Bank CEO

On the client side, the bank is largely comfortable as 85 per cent of retail customers work with companies rated and above , where job losses have been low

Second wave impact: Auto debit payment bounce rate increases further in May

The unsuccessful auto-debit requests through the NACH platform are generally referred to as bounce rates

MSME engineering exporters seek PM's intervention on rising steel prices

Exporters in the MSME segment have sought PM Narendra Modi's intervention on rising steel prices, stating that the industry needs inputs at affordable rates for global markets.

Nitin Gadkari calls for increasing MSMEs share in GDP to 40% from 30%

Union minister Nitin Gadkari on Saturday stressed on increasing the share of the MSME sector in the country's GDP to 40 per cent from 30 per cent currently.

RBI's status quo policy may revolve around Covid-19 pandemic measures

RBI's forecast for growth is 10.5% for the current fiscal year. Most analysts expect the RBI to lower it in the June 4 monetary policy announcement

Covid second wave: MSMEs need help again but not the way govt did last time

While players in the financial ecosystem are opening up to the idea of receivables funding for the sector, this market needs a regulator, which a Parliament panel feels only RBI can provide

MSMEs urge FM Nirmala Sitharaman to review NPA classification norms

In its suggestions to the finance ministry, the Federation of Indian Micro, Small and Medium Enterprises has said the greatest need that has emerged is the flexibility in assigning NPAs

Fresh, tailor-made stimulus package needed to fight second Covid wave

The impact of restrictions will be felt on retail loans-banks as well as NBFCs and HFCs

Pre-packaged insolvency for small & medium firms

A notable feature of the ordinance is the pre-packaged process' two-step voting structure

IBBI upholds resolution professionals' independence under pre-pack schemes

In regulations issued on the Ordinance on pre-pack resolution, the IBBI said an insolvency professional can be appointed as resolution professional if they are independent of the corporate debtor.

Govt brings ordinance to introduce pre-packaged debt resolution for MSMEs

The latest move comes less than two weeks after the suspension of certain IBC provisions ended

Zeus Numerix: This MSME is working to make warships invisible to radar

Pune-based Zeus Numerix's software simulation earlier helped integrate BrahMos missile with Sukhoi-30MKI

Corporate affairs ministry facilitates tracking down of payments to MSMEs

From the next month, companies are required to disclose trade payables according to their ageing - less than one year, 1-2 years, 2-3 years, and more than three years - in their financial statements

Foreign trade policy 2021-26 to focus on MSMEs, new export potential

Online data will be available to govt, industry; will help domestic producers analyse market potential for goods

CAIT demands MSME status restoration for 8 cr traders from service industry

The Confederation of All India Traders (CAIT) has demanded restoration of MSME status taken away in 2017 from 8 crore retail and wholesale traders who are part of the service industry. The government in June 2017 removed retail and wholesale traders from the MSME category forcing the players either borrow at a higher rate or from informal financial sources, CAIT Secretary General Praveen Khandelwal told PTI. According to banking sources, about Rs 3 lakh crore loans given to them are at the risk of losing a tag of MSMEloan at the end of March when banks do their annual closure. As a result, many banks will face the problem of meeting priority sector lending (PSL) target and the shortfall may have to be parked with Small Industries Development Bank of India (SIDBI) or Micro Units Development & Refinance Agency Ltd (MUDRA). Along with agriculture, loans given to MSME sector also come under the PSL and as per the RBI's guidelines, commercial banks should extend 40 per cent of the ...

Retail loan growth will continue to remain far from encouraging for banks

Retail loan growth at 9.1 per cent for February 12 fortnight is the weakest so far; Nifty Bank index is up 60 per cent in six months

Jio to offer services at lower tariffs for MSMBs; eyes 50 mn MSMB customers

Telecom operator Reliance Jio on Tuesday said it will offer broadband services to the Micro, Small and Medium Businesses (MSMBs) at lower tariffs.

Amazon, eBay make recommendations to govt for foreign trade policy

Recommendations have been made to the government for a differentiated policy framework for e-commerce in the revised Foreign Trade Policy (FTP) which is expected to come into effect from April 1, 2021