Start-ups are unlikely to get the benefit of the relaxation clause for the prior experience and turnover criteria with respect to procurement of goods that have implications on public safety and health. “For such procurements, wherever adequate justification exists, the procuring entities may not…
Tag: Reserve Bank
Canara Bank, Kotak Bank cut lending rates by up to 0.1%
State-owned Canara Bank, Indian Bank and private sector Kotak Mahindra Bank cut lending rates by up to 0.1 per cent, following the 0.25 per cent repo rate cut by the RBI. Canara Bank has effected downward revision in the base rate by 0.05 per cent to 9.60 per cent from 9.65 per cent, it said in a…
RBI looks to improve ease of doing business for SMEs & Startups
The Reserve Bank of India (RBI) on April 05, 2016 said it will lay down a framework by September 2016 for accreditation of credit counselors who can act as facilitators for entrepreneurs to access the formal financial system with greater ease and flexibility. Presenting the first Bi-monthly Monet…