Page 5 - Sidbi

Financial institutions need to be more people-centric for next 25 years: FM

For the next 25 years, we (financial institutions) have to be a lot more people-centric and try to see what they want, said Finance Minister Nirmala Sitharaman

SIDBI ties up with Bihar government to promote MSME sector in state

The Small Industries Development Bank of India (SIDBI) has tied up with the Government of Bihar to promote the micro, small and medium enterprises (MSME) sector in the state. To this effect, two memoranda of understanding (MoU) have been signed between SIDBI and the industries department, Government of Bihar, and the Bihar Industrial Area Development Authority (BIADA) to develop the MSME ecosystem in the state. Under the first MoU with Bihar's industry department, project management units (PMUs) will be deployed by SIDBI with the state government, SIDBI said in a statement on Wednesday. The PMU will support the state government in making necessary interventions for focused engagement of SIDBI with Bihar, with the objective of facilitating development of the MSME ecosystem. It will support the state government in making necessary interventions for focused engagement of SIDBI to facilitate development of the MSME ecosystem in the state. According to the second MoU, SIDBI will work i

SIDBI sanctions Rs 650-crore loan to AU SFB and Jana SFB

An amount of Rs 530 crore has already been released to these SFBs

SIDBI signs MoU to develop MSME ecosystem in West Bengal

SIDBI has signed a memorandum of understanding with the government of West Bengal to develop the MSME ecosystem in the state, a SIDBI official said on Friday.

Microfinance sector sees 3x rise in disbursement value in Q1: Report

However, 1-179 days past due delinquency increased in June 2021 to 31.44%, from 13.59% in March 2021

Google to chip in Rs 110 cr for MSME lending project in pact with Sidbi

Sidbi anchors programme for micro enterprises with loans up to Rs 1 cr at subsidised interest rates

SIDBI launches second window of Swavalamban Challenge Fund

Small Industries Development Bank of India (Sidbi) on Monday said it has launched the second window of Swavalamban Challenge Fund (SCF) with Green Bharat as prioritised theme.

Track up to 29-day dues in micro-loans to contain slippages: Sidbi

Advises caution amid easing of stress, evident from improved collection efficiency

Sidbi launches various MSME cluster development focussed initiatives

Small Industries Development Bank of India (SIDBI) on Monday said it has launched various micro, small and medium enterprises (MSMEs) cluster development focussed initiatives

Small business suffer as banks shut current accounts after RBI circular

State-owned lenders welcome 'need for discipline' but their private competitors say business is suffering

GAME partners with SIDBI to help MSMEs revive biz amid pandemic

The Global Alliance for Mass Entrepreneurship (GAME) and SIDBI have signed a pact to help micro, small and medium enterprises (MSMEs) address their challenges that were accentuated during the pandemic

SIDBI invites bids from consultants to help set up Rs 20,000 cr NaBFID

SIDBI on behalf of the government has floated Request for Proposal (RFP) inviting bids from consultants to help set up Rs 20,000 crore called National Bank for Financing Infrastructure & Development

Sidbi invites applications to hire specialists in IT on contractual basis

Small Industries Development Bank of India will hire information technology specialists on a contractual basis, including a CTO, to drive customer service amidst the increasing role of technology

Cabinet clears Bill on setting up DFI with capital infusion of Rs 20,000 cr

Initially the new institution would be government-owned, with its stake being cut gradually to 26%, says Finance Minister Nirmala Sitharaman

NSE, SIDBI sign MoU to test feasibility of debt capital platform for MSMEs

The entities signed a memorandum of understanding (MoU) for co-operation in various ongoing micro, small and medium enterprises (MSMEs)-related initiatives of the two institutions

SIDBI Q3FY21 net up 9% to Rs 630 cr on better income, strong credit growth

Asset quality profile improves as bad loans dip; provision coverage ratio rises to 96 per cent

Tata Power, SIDBI join hands for rooftop solar financing for MSMEs

Tata Power on Tuesday announced its partnership with SIDBI to provide a finance scheme to the MSME players in the rooftop solar segment

BBB recommends S Ramann for post of SIDBI chairman & managing director

The Banks Board Bureau (BBB), the headhunter for state-owned banks and financial institutions, on Saturday recommended S Ramann and Shivendra Tomar for the posts of CMD and MD of SIDBI and IFCI, respectively. The members of the Banks Board Bureau interviewed 20 candidates on December 4 and 5, 2020 for the vacancy of chairman and managing director (CMD) of Small Industries Development Bank of India (SIDBI), the BBB said in a statement. "Keeping in view their performance in the interview and their overall experience, the bureau recommends S Ramann for the position of chairman and managing director in SIDBI," it said. Ramann, 1991-batch Indian Audit & Accounts Service officer, is currently CEO of National E-Governance Services Limited (NeSL), India's first Information Utility. Besides, the Bureau recommended Shivendra Tomar for the post of MD and CEO of IFCI. Tomar, currently, is managing director of IFCI Venture Capital Funds Ltd, a subsidiary of IFCI. As many as five candidates ..

Sidbi partners with Tamil Nadu to bolster MSME ecosystem in the state

Sidbi will deploy a project management unit in the Tamil Nadu government to design training and capacity-building programmes to be taken up by the state in various areas

SIDBI's 'Standup Mitra' portal records over 96,000 loan sanctions

The Small Industries Development Bank of India (Sidbi) on Tuesday said its 'Standup Mitra' portal has recorded over 96,000 loan sanctions worth over Rs 21,000 crore as of September end