Start-ups find that even after they have shut shop, there are detailed processes that takes a couple of years before they can shut down
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Tag: State Bank of India
SBI Chief urges SMEs to take the equity route for bagging funds
She also encouraged SMEs to up their game in global market and compete with cheap Chinese products by way of quality production, packaging and services
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Start-ups @ 10: A decade of disruption
Bengaluru: As Internet start-ups enter their second decade, they have one message alike for demanding customers, disrupted traditional businesses and bewildered regulators: the fun has just begun. It’s a truism that most of us continually underestimate the impact of technology. For evidence, cons…
GST impact on economy: Five things to watch out for
While the lower Goods and Services Tax (GST) rates may lead to a decline in inflation, economic growth may not improve significantly in the short term even though it will benefit both India Inc and the government in the medium term, experts say. Most economists forecast inflation to come down as …
Tech upgradation: SC/ST enterprises to get 25% credit-linked subsidy
New Delhi: To help micro and small enterprises belonging to Scheduled Castes & Tribes upgrade technology, the government has approved a scheme to provide 25 per cent capital subsidy up to Rs 25 lakh via banks for purchase of plant and machinery. The scheme – Special Credit Linked Capita…
NBFCs cash in on Indian banks bad loan pain
New Delhi: Indian banks struggles with bad loans over the past three years have opened an opportunity to ramp up lending for so-called non-banking financial companies (NBFCs), which are not as strictly regulated as banks. With their share of total credit rising, new players and new investors have…
SBI sanctions credit facilities of $3.1 m to Aye Finance; NBFC to now reach out to more MSEs
Gurugram-based NBFC Aye Finance has been sanctioned credit facilities to the tune of $3.1 million (Rs 20 crore) from the country’s largest public sector bank State Bank of India (SBI), for the purposes of on-lending. The credit facility will enable Aye Finance to further its goal of financial inc…
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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More than 2/3rd of Indian SMBs have seen a drop in business: Survey
More than two thirds of small and medium enterprises (SMEs) have seen a drop in business manly due to currency crunch, reveals a survey. According to a media report, a survey conducted by State Bank of India (SBI) among small businesses pointed that more than two-thirds of them have seen a drop i…
SBI waives debit card charges for small shops
State Bank of India has waived debit card acceptance charges for merchants with an annual turnover of less than Rs 20 lakh. SBI — whose network of 4 lakh point of sale terminals (PoS) is the largest in the country — is currently adding 1,000 new merchants to its credit card acceptance network. Th…