New Delhi: Lender to small industries SIDBI has signed an agreement whereby it will handhold the Capital Small Finance Bank (CSFB) to enable it to provide loans at a concessional rate to MSMEs. The Memorandum of Understanding signed between the Small Industries Development Bank of India (SIDBI) a…
Tag: CSFB
Currency Ban Impact | Centre mulls over lenient rules on loan classification to alleviate SME stress
Given the stress in industry following the shortage of cash, banks may be allowed to classify loans as standard assets even if interest payments are overdue by more than 90 days. This forbearance by the central bank would be allowed particularly for companies in the Small and Medium Enterprise (S…