Tez is working towards a digital ecosystem that brings together millions of smartphone users, small merchants, large businesses, and financial institutions — all built on the UPI infrastructure
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Tag: State Bank of India (SBI)
2 years of Mudra: Gains for SMBs, but new businesses struggle amid fears of NPAs
While small businesses appear to be benefiting from the Mudra scheme, the absence of a transaction history acts as a major impediment for new borrowers
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3 reasons why banks & fintech start-ups are collaborating for financial services
We are living in an age of a revolution that is data-driven and new technologies are being founded everyday to bring forward artificial intelligence (AI) and machine learning. This is in turn changing the way people live their lives and every sector imaginable is impacted – including financial se…
‘The runway for mid & small-cap companies is long but not infinite’
According to Morningstar India, mid-cap funds constituted 11% of the overall equity fund assets under management in 2014; this moved up to 16% in 2015 and currently stands at 20%. Mid- and small-cap funds have been getting a lot of inflows as compared to large-cap flows. Are we building ourselves…
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…
SBI diktat to affect credit to small, medium-sized firms
The directive of the State Bank of India (SBI) to all associate banks that any credit proposal for above Rs.10 crore has to receive an approval of the Mumbai office of the SBI is likely to impact flow of funds to Micro, Small and Medium Enterprises (MSMEs). This has been sent as an advisory to [&…
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…
Here is the chance for easy loan to small town entrepreneurs
Preschool chain EuroKids International, has tied up with the State Bank of India (SBI) to offer collateral free loans to prospective and existing pre-school partners along with interest rate concessions for women franchise partners. The partnership is a step towards providing financial support to…
SBI to offer financing to farmers through corporate partnerships
State Bank of India (SBI), country’s largest commercial bank has signed a MoU with Jain Farm Fresh Foods Limited (a subsidiary of Jain Irrigation Systems Limited). The new tie-up will help farmers associated with Jain Farm Fresh Foods Limited to avail finance against receivables due from the comp…
Mobile banking sees dramatic surge in India
The value of transactions concluded over smartphones surged in recent months as banks encouraged businesses to manage their finances using mobile phones and mobile usage among retail customers expanded rapidly. The value of mobile banking transactions jumped 46% to `49,029 crore in December from …