How this startup is helping MSMEs enhance their digital presence
Technology for MSMEs: The company is looking to grow 60-80 percent year-on-year in customer count and expecting similar growth in revenues The shift towards adoption...
Trade finance startup Vayana Network raises Rs 114 cr to increase trade credit to micro, small businesses
Credit and Finance for MSMEs: The company will also launch Vayana ITFS (International Trade Finance Services) platform at GIFT City, Gujarat in the current financial...
Public sector lender Bank of Baroda is now targeting at least 65% of retail originations and 35% of MSME loans (value-wise) to be done digitally by the end of the current fiscal year. This comes after overhauling its IT infrastructure to set up digital banking departments internally. The bank is also targeting Rs 50,000 crore of digital lending in the current fiscal year.
Public sector lender Bank of Baroda is now targeting at least 65% of retail originations and 35% of MSME loans (value-wise) to be done digitally...
MAS Financial announces strategic partnership with Bank of Maharashtra for MSME loan
MAS Financial Services on Tuesday announced that it has entered into a strategic co-lending partnership with Bank of Maharashtra for lending to micro, small and...
Centre Will Move To Ban Cryptocurrency, Prices Crash: 10 Points
The Centre is likely to bring a Bill in the winter session of Parliament to bar all cryptocurrencies in India, barring a few exceptions, and...
How bank-fintech partnerships have evolved in India to ease lending, payments for MSMEs, others
Credit and Finance for MSMEs:Β Partnership between banks and fintech companies is already around a five-year-old phenomenon in the country. Banks had physical reach through their...
Why Factoring Amendment Bill 2021 purported to benefit MSMEs needs special attention
Credit and Finance for MSMEs: First, the good news. India is among the fastest-growing economies, post-pandemic measured by Bloomberg and the World Bank at 9.2 percent. Industrial...
Retail depositors earning negative returns; relook taxation on interest: SBI economists
Retail depositors are earning negative returns on their bank deposits and hence, there is a need for reviewing taxes on interest earned, economists at the...
E-way GST bill generation picks up pace ahead of festive season
Going by the recent weekly trends, the daily average is expected to rise further for September when data for the full month is captured. Between...
HDFC Bank partners with NSIC to offer credit support to MSMEs
NEW DELHI: Continuing its efforts to support MSMEs, HDFC Bank has signed a Memorandum of Understanding (MoU) with National Small Industries Corporation (NSIC) to offer...