Page 7 - Sidbi

Ankur Capital to enter venture debt space, in talks to start third fund

Out of the second fund which has a target corpus of Rs 350 crore, the VC firm is looking at investing in around 20 start-ups in a span of 3-4 years beginning this year

MSE sentiment down for the third quarter in a row: CRISIL-SIDBI survey

The reading on the index for January-March 2019 was 122; it was 128 in the October-December 2018 quarter and 124 in the July-September 2018 quarter

The Mudra problem

Directed lending always builds up bad loans in banks

Oman India Joint Investment Fund II buys 9.9% in Capital SFB for Rs 84 cr

The current round of fundraising will help the bank deepen its penetration in Punjab and expand into Haryana, Rajasthan and NCT of Delhi, with a significant focus on MSME loans

SIDBI, IIM Lucknow launch fintech incubator called SCI-FI

SCI-FI will mentor fintech start-ups to create products and services for financial inclusion

UP to tie-up with Bank of Baroda for MSME funding, plans venture fund

Yogi govt may soon sign MoU with the PSU bank, Sidbi and some NBFCs to facilitate easy funding for small- and medium-sized units

Govt may enhance start-up fund to Rs 20,000 cr in Budget 2019: Sources

Even the Economic Survey which was presented on Thursday highligthed the importance of the segment

SIDBI Q3 net up 34% at Rs 540.3 cr on sharp rise in interest income

The average yield declined to 5.3 per cent as on December 2018 from 5.6 per cent as on December 2017, SIDBI said

Sidbi Q3 net profit jumps 34% to Rs 540.33 cr on higher interest income

However, net interest margin went down by 64 basis points to 1.86% due to the focus on low-risk assets and the increased cost of funding

Sidbi's new venture capital fund to back late-stage start-ups

Has made 52 exits from 117 bets across 7 funds

SIDBI plans to raise Rs 50 billion via bonds for refinancing activity

Rating agency Icra has assigned "AAA" rating for the proposed bond offering

SIDBI keen to expand exposure in MFI industry as it posts 25% annual growth

Pure-play MFIs have been a significant contributor to the growth in microfinance lending and have posted double the growth rate compared to traditional banks in the last fiscal

SIDBI targetting MSME lending of Rs 1.40 trillion during current fiscal

This would be a growth of over 30% compared to total advances of Rs 1.09 trillion during 2017-18

SIDBI to expand MSME working capital portfolio, partners Yes Bank

Under the pact, Yes Bank would provide various banking services, including working capital, to SIDBI customers at its pan-India branches, which currently number around 1100

SIDBI to appoint MD for APTICO Hyderabad

Last date to submit the application form is May 9, 2017.

Smaller VC firms ride on Sidbi and local investors

In Feb, Sidbi said its fund of funds operations has sanctioned Rs 1,112 cr to 30 funds in FY17

Sidbi's VC investment panel commits Rs 300 crore in 9 funds

Sidbi has doubled its fund of funds operations in FY17 to Rs 1,112 crore, supporting 30 funds

SIDBI ties up with LIC for capital support to enterprises

SIDBI and LIC had signed a MoU to supplement funds under India Aspiration Fund

Sidbi partners Yes Bank for loan guarantee under World Bank scheme

The state-run Sidbi expects to provide credit guarantee to more than 500 projects

SIDBI targets Rs 1,80,000 cr disbursal under Mudra ecosystem

Mudra ecosystem has 163 partners spanning commercial banks and refinance institutions