डीमॉनेटाइजेशन के चलते छोटे कारोबारियों के धंधे पर बड़ी चोट लगी थी। इनकी सेहत में पिछले एक क्वॉर्टर से सुधार होता नजर आ रहा है। उनकी तरफ से आ रही लोन की डिमांड से तो ऐसा ही लग रहा है। बैंकों को अनसिक्योर्ड बिजनेस लोन पोर्टफोलियो में पिछले तीन महीनों में 15 से 18 पर्सेंट […]
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Mumbai: Seven years after being hit by the microfinance crisis that originated in Andhra Pradesh, control of microfinance lender Spandana Sphoorty Financial Ltd is set to change hands. The microfinance lender is in talks with private equity firm Kedaara Capital Investment Managers Ltd to sell mor…
Finova Capital, the NBFC licensed by Reserve Bank of India, is committed to making finance available for the Indian MSMEs. In a recent announcement, Finova Capital shared its target of disbursing loans worth Rs 100 Crore in 2017 to the Indian MSME sector. Within the past one year of its launch, t…
Opinion piece by Mohit Sahney, Managing Director & CEO, Finova Capital, exclusively for SMEpost.com The prosperous startup landscape of India is a goofproof element in the development of the nation’s economy. As per a recent report released by the Government – ‘Economic Survey 2015-2016’, the…
Visakhapatnam: Banks must lend liberally to micro, small, and medium enterprises, especially those set up by women, to encourage entrepreneurship among them and generate large-scale employment, according to Union MSME Minister Kalraj Mishra. He was speaking at the inauguration of a Women Entrepre…
Vishakhapatnam: Union Minister for MSME Kalraj Mishra has assured support to set up an incubation centre for women entrepreneurs in Andhra Pradesh. Inaugurating Shakti, a women entrepreneurs’ meet on January 20, he said the support would be extended under ASPIRE, a scheme for promotion of innovat…
Mumbai: The RBI has pulled up Religare Finvest, the NBFC arm of Religare Enterprises, for outstanding loans of Rs 1,156 crore to entities which were given under the “influence of its promoters”, flouting lending guidelines and corporate governance norms. The Singh brothers, Malvinder …
HYDERABAD: The Telangana government would soon set up an ‘Industrial Health Clinic’ to revive sick units in the MSME sector with a corpus of Rs 100 crore, State Industries Minister K T Rama Rao said in the Legislative Assembly on December 30, 2016. Noting that 70-75 per cent jobs are …
Fintech startup Lendingkart Group expects an exponential rise in working capital loan demand from small businesses and estimates to disburse Rs 1,600 crore by 2017-end through its NBFC arm Lendingkart Finance, a company official said. The company, which caters to small businesses generating reven…
Lendingkart Finance, the NBFC (non-banking finance company) of Lendingkart Group, a leading online platform that facilitates SMEs (small and medium enterprises) to obtain working capital loans, has expanded its reach to 462 cities across the country. Disbursing over 6,500 loans in small towns and…
