Banks in Gujarat are seeing a “drastic jump” in the quantum of bad loans. In March this year, the Non-Performing Assets (NPAs) for the banks in the state have crossed the Rs 25,000 crore mark, with MSMEs forming the largest chunk of this NPA-pie. The latest report of the State Level Bankers’ Comm…
Tag: NPAs
Deskera launches technology enabler program for SMEs and youth
Deskera, an Enterprise Resource Planning (ERP) software, will now allow SMEs to get loans approved quickly and without hassle from banks- by helping financial institutions tap into the real-time financial data of businesses. With the help of Deskera ERP, any enterprise can quickly apply for a loa…
If India has to grow, we need to have strong SME rating fundamentals | Varun Mirchandani, ED, ONICRA
Rating of SMEs has worked wonders in getting bank loans and there are empirical evidence to suggest ratings have changed thousands of SMEs into vibrant enterprises with commercial banks coming forward to provide them loans hand-hold them during difficulties. Rating agency ONICRA Executive Directo…
Amidst a muted global economic scenario, this growth is encouraging | FICCI President on Eco Survey 2015-16
New Delhi, 26 February 2016: The Economic Survey 2015-16 tabled today in the Parliament has highlighted that India’s potential growth rate is in the range of 8 to 10 percent and achieving the same requires a push in three critical areas which are promoting entrepreneurship and reducing the role …
SMEs are not major defaulters of bank loans: RBI
Amidst a sense of outrage over big pile of Non-Performing Assets (NPAs) in the public sector banks, the least amount of stress is visible among not- too fancied priority sector borrowers, comprising agriculture and the micro industrial units, according to the latest RBI data. While the ratio of t…
PSUs have doubled their raw material buys from MSMEs | Kalraj Mishra
Union Minister Kalraj Mishra on February 16 said that sourcing of raw materials from Micro, Small and Medium Enterprises (MSME) by PSUs in the country has doubled following the government’s mandate to procure a minimum of 20 per cent raw material from the sector. “The procurement of raw materials…
Micro and Small industries are not big bank loan defaulters | RBI
An analysis of RBI data showed that agriculture, Micro and Small industries are not the major defaulters in bank loans resulting in mounting non-performing assets (NPAs) of commercial banks especially public sector banks. Reserve Bank Deputy Governor S SMundra told a CII banking summit that the m…
Big corporate NPAs impacting credit to SMEs
Banks have squeezed their lending to micro, small and medium sector enterprises (MSMEs) as the spillover from the bad loans of large corporates continue to haunt their balance sheets. According to the monthly sectoral loan deployment data by the Reserve Bank of India, outstanding credit to medium…