Page 6 - Sidbi

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

Indian Bank inks MoU with housing ministry, SIDBI for street vendors

Public sector Indian Bank has signed a MoU with the Ministry of Housing and Urban Affairs and with SIDBI for payment of subsidy to street vendors under the Centre's SVANidhi Scheme.

Indian Bank to pay subsidy, cash back to street vendors under PM SVANidhi

Bank signs MoU with Ministry of Housing & Urban & Sidbi, completes digitisation for a few other schemes

Gujarat, Sibdi sign MoU to help 3.5 mn MSMEs amid Covid-19 outbreak

The aim is to "accelerate technology transfer and innovation in state MSMEs through training and capacity building programmes," it said

Rajasthan government signs pact with Sidbi to develop MSME ecosystem

The Small Industries Development Bank of India (Sidbi) has signed a memorandum of understanding (MoU) with the Rajasthan government to develop the MSME ecosystem in the state

Unitus Ventures secures investment of Rs 75 crore from SIDBI bank

Unitus Ventures on Tuesday said it has secured an investment of Rs 75 crore ($10 million) under SIDBI's Fund of Funds for Startups initiative.

Usha International, SIDBI to set up 700 Usha Silai Schools in 3 states

Consumer durables major Usha International and SIDBI on Monday announced setting up of 700 Usha Silai schools in aspirational districts and calamity prone areas of select states

SIDBI, TransUnion CIBIL launch financial knowledge platform for MSMEs

The portal will have a consolidated list of all the schemes launched by the Centre and state governments for MSMEs

Wadhwani Foundation ties up with Clix Capital, Sidbi, others to help SMEs

Commits Rs 200 crore for initiative, which will support 10,000 SMEs with business survival, stability, and growth consulting to help save or create up to 100,000 jobs

BS READS: What Rs 50,000-crore MSME Fund can learn from its start-up sister

The Rs 50,000-crore MSME fund of funds has an uphill task ahead, but there's plenty it can learn from problems with the Rs 10,000 crore start-up fund of funds launched five years ago

RBI gives exporters, importers liquidity and more time amid Covid-19 crisis

RBI took cognizance of the difficult situation amid the global coronavirus crisis and announced a number of measures for the export and import sector

RBI buttresses earlier position forcefully; economic forecasts conservative

The central bank cut the repo rate by 40 bps to 4% and the reverse repo rate was brought down to 3.35%

CM Yogi Adityanath launches 'UP Start-up Fund', to be managed by SIDBI

The fund has been set up under the UP Information Technology and Start-up Policy 2017

Sidbi, Nabard compete to lend to top MFIs under RBI's liquidity support

According to informal estimates, the two organisations together are looking to extend Rs 7,000-8,000 crore in funding

Sidbi to provide liquidity support to NBFCs, MFIs with 90-day term loans

NBFCs and MFIs have been hit on two fronts, with collections dipping due to the covid-19 lockdown, and the three-month moratorium extended to their borrowers

RBI measures sufficient, not substantial; Guv doing balancing act: Experts

RBI governor is walking a tightrope, says a former chief statistician