“Smartphone penetration will have to increase for the channel to be adopted by small merchants”
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Tag: SBI
Rise in NPAs worries MSMEs in West Bengal: SBI
Country’s leading lender State Bank of India (SBI) on August 10, said that the rising NPAs in the MSME sector in West Bengal was worrisome for which the bank had introduced new assessment system for these units. “It is worrisome that the level of NPAs in the MSME sector has touched 16…
For MSME suppliers, it pays to get on the TReDS platform
Micro, small and medium enterprises (MSMEs) supplying to top-notch corporates can get their invoices discounted at or close to banks’ benchmark lending rates if they get on to the Trade Receivables Discounting System (TReDS). This is so because financiers — banks and non-banking finance companies…
RBI may review TReDS platform for hindrance-free financing of trade receivables
The Trade Receivables e-Discounting System (TReDS) is likely to be reviewed by the Reserve Bank of India and the government. The system of invoicing has made large companies to be spartan as competitors will identify their MSME suppliers. As TReDS is a transparent system, it is mandatory for comp…
Innoviti Payment Solutions bags Rs 120 cr fund
Leading payments company Innoviti Payment Solutions on July 12 announced financing of Rs 120 crore (~ $18 million) to further its vision of digitally organising the flow of money for businesses across the retail supply chain. Innoviti Payment Solutions Pvt. Ltd. (formerly Innoviti Embedded Soluti…
Hungry Foal raises funding from SBI under Stand-Up India scheme
Launched in April 2016, the objective of this Stand Up India scheme is to facilitate collateral-free bank loans between $15.5k (Rs 10 lakh) and $155k (Rs 1 crore) to at least one women borrower per bank branch for setting up a greenfield enterprise. The loan is repayable in seven years with a &nb…
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. […]
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SMEs may turn to cooperative banks
Bengaluru: The Micro, Small and Medium Enterprises (MSME) sector, which is on the road to recovery after taking a hit during the demonetisation drive, is caught in a bind yet again with the new regulations of State Bank of India, which mandates a minimum balance for savings accounts. Unable to me…
बजट 2017: कैशलेस ट्रांजैक्शन पर सरकार दे सकती है कई सौगात
नोटबंदी के बाद जिस तरह से देश में कैश की किल्लत हुई है, उसे देखते हुए वित्त मंत्री अरुण जेटली बजट में आपको कई राहत दे सकते हैं। जिससे कैशलेस ट्रांजैक्शन को बढ़ावा दिया जा सके। इसके तहत टैक्स छूट से लेकर दूसरे कई इन्सेंटिव के ऐलान हो सकते हैं किस तरह की मिल सकती […]
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