Tag: NPAs

Centre looking to double time limit for declaring overdue MSME loans as NPA

New Delhi: The government is considering doubling the 90-day limit to 180 days for banks to declare overdue MSME loans as non-performing assets (NPAs) or bad loans. “The Ministry has already taken up the issue and it is being considered at a much higher level,” Medium, Small and Micro Enterprises…

Post- Budget Tax Cut: State Bank plans scheme to revive SMEs

Close on the heels of the Union Budget proposal on a five percentage point cut in corporate tax to 25 per cent for businesses with a turnover of up to Rs 50 crore, State Bank of India (SBI), which accounts for almost half of the banking sector’s SME portfolio, said it is working on a scheme [&hel…

MSMEs still reeling from note ban impact: Kalraj Mishra

Ahmedabad: Union Minister for Micro, Small and Medium Enterprises (MSMEs), Kalraj Mishra, made a candid admission that payments to MSME workers after demonetisation remained a major problem for the sector. Mishra, however, said that the situation is “improving slowly”. He was speaking…

Consolidated SME, corporate data with banks to improve lending: CII

Demonetisation has created an enormous opportunity to channelise public savings into productive assets, and consolidating data of SMEs and corporates can provide banks with the necessary information to assess the credit-worthiness of borrowers, Confederation of Indian Industry (CII) said on Decem…

Achhe Din: SMEs now get a new life via services

The focus has invariably been on the manufacturing space among SMEs since the government took it upon itself to increase its share in the economic pie. Since it announced its flagship programme Make in India to boost manufacturing in India, the sector has seen a renewed interest among stakeholder…

Bad loans to Non-Performing Assets (NPAs) a mounting problem: Report

A group of academics and civil servants on September 14 presented a report on the worsening situation of the banking industry and irregularities owing to non-collection of debts worth billions of rupees from big corporate houses. The report ‘Unfolding Crisis: The case of rising NPAs and sin…

Government says Mudra loans not under high bad debts

The government has sought to allay fears that loans extended under the Mudra scheme, particularly those given through Micro Finance Institutions (MFIs), would add to bad debts in the lending system. There were apprehensions that these unsecured loans carried high risks. Mudra loans are given to t…