It’s almost a year since IDFC Bank began its operations. Rajiv Lall, Managing Director, talks to Nupur Anand on the journey till date. Edited excerpts: Q: You’d set ambitious targets at the start on the retail (small depositor) front. Where do you stand? A: We are acquiring around 20,000 customer…
Tag: NPA
CAPC being formed for defaulters of loans | MSME Minister makes announcement at Super SME Awards
Micro, Small and Medium Enterprises (MSME) should stop worrying about being declared as non performing assets (NPA) if they fail to repay loan for three months. MSME Ministry in collaboration with the Finance Ministry has worked out a plan for ease of business of MSMEs. The scheme covers not only…
IndoStar Capital Finance to focus on SME lending, eyes Rs 1,200-crore loan book
With a CAGR of 49 per cent in assets growth, NBFC IndoStar Capital Finance is looking to ramp up SME lending this year and grow its loan book five-times to Rs 1,200 crore. “We plan to ramp up our SME business this year and build an AUM of Rs 1,200 crore by geographical expansion. We [&helli…
Digital thrust to MSME sector to speed up its growth | MSME Secretary KK Jalan
The NDA Government at the Centre has given a major thrust to the Ministry of Micro, Small and Medium Enterprises (MSME). This is one of the core areas for “Make in India” programme launched by the Prime Minister Narendra Modi. KK Jalan, Secretary of the Ministry has been piloting vari…
Ratings are good but not mandatory for majority of MSMEs | K K Jalan, MSME Secretary
SMEPost Exclusive “Evidence says procurement for SMEs is on course & will only get better” Barely about three months into the new job, K K Jalan, Secretary, MSME Ministry is pretty comfortable articulating his stance on all complex issues facing the sector. Buoyed by the potential of his univ…
Get rated to be banked | Varun Mirchandani, Executive Director, Onicra
“55% of registered MSMEs can tap into Rupees 5,50,00 crore fund post rating” More than half of India’s unbanked registered Small and Medium Enterprises can avail of first time credit should they get themselves rated, said Varun Mirchandani, Executive Director, Onicra Credit Rating, one of India’s…