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Gunjan Krishna, Karnataka’s Commissioner for Industrial Development, announced plans for a new Japanese industrial park in Vasanthanarasapura along the Chennai-Bengaluru Industrial Corridor
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Union Finance and Corporate Minister, Nirmala Sitharaman on Saturday said that the Ministry of Micro, Small and Medium Enterprises (MSMEs) will get collateral-free loans of upto Rs 100 crore through a new credit assessment model by PSU banks
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The RBI's ruling thus serves as a much-needed safeguard for consumers who often fall for the lure of quick loans without fully understanding the predatory interest rates that follow
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The surge highlights a strong demand for digital and home technologies, driven by the growing need for connectivity and convenience in an increasingly digital world
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The companies were found to be charging excessive interest rates, which did not comply with the guidelines outlined in the apex bank’s regulations
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The shift comes after the risk weights on bank lending to higher-rated NBFCs were raised last year
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P2P lending provides access for first time borrowers and those facing challenges due to small ticket size and work profile issues
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The regulator may circulate some tighter regulatory norms to suppress the credit risks in the coming future, notably for the loan segment with higher delinquencies
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This report captures disbursement trends from 33 Face members for Q1FY 24-25 and reveals that the disbursement volume and value grew YoY by 15 per cent and 27 per cent, respectively
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In India, many women-led MSMEs lack sufficient collateral to secure loans, making it difficult for them to meet the stringent requirements of formal financial institutions
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