The Reserve Bank of India (RBI) has allowed three players to launch Trade Receivables Discounting System (TReDS) — a digital platform where small businesses (MSMEs) can get access to capital by auctioning their trade receivables. Here is a detailed explanation of the concept of TReDs: Q: What is …
Tag: MCLR
SBI का ग्राहकों को बड़ा तोहफा, बेस रेट 0.15% घटाया, लोन होंगे सस्ते
देश के सबसे बड़े सरकारी बैंक एसबीआई ने अपने ग्राहकों को बड़ा तोहफा दे दिया है. एसबीआई ने बेंचमार्क लेंडिंग रेट यानी बेस रेट में 0.15 फीसदी की कटौती कर इसे 9.10 फीसदी कर दिया है. जाहिर तौर पर इसके चलते ग्राहकों के लोन की ब्याज दरों में कमी आएगी और आपका लोन सस्ता होगा. […]
…
SIDBI-CSFB pact to help MSMEs avail loans at cheaper rate
New Delhi: Lender to small industries SIDBI has signed an agreement whereby it will handhold the Capital Small Finance Bank (CSFB) to enable it to provide loans at a concessional rate to MSMEs. The Memorandum of Understanding signed between the Small Industries Development Bank of India (SIDBI) a…
RBI disappoints market, keeps repo rate unchanged
The Monetary Policy Committee of the Reserve Bank of India (RBI) on kept the short-term lending rate, called repo rate, unchanged at 6.25 per cent. Consequently, the reverse repo rate under the LAF remains unchanged at 5.75 per cent, and the marginal standing facility (MSF) rate and the Bank Rate…