The Reserve Bank has asked the Indian Banks’ Association (IBA) to review the existing criteria for rating of loans to Micro, Small and Medium Enterprises (MSMEs), which are blamed for slower credit off-take to the sector. Sources said this came after India’s largest public lender State Bank of In…
Tag: National Banking Group
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…