Three out of the 10 provisionally licensed small banks are set to begin operations in the next few months as they have met the regulatory requirements and put in place the systems needed. The Reserve Bank of India has issued the final licence to Capital Local Area Bank, Suryodaya and newly listed…
Tag: Reserve Bank of India
RBI highlights steps for growth of entrepreneurship & reduce start-up mortality
In a bid to make work environment more start-up friendly and ease regulations, the Reserve Bank of India has said that it will soon consult with the Centre and implement the recently announced proposals on start-ups. This includes permitting start-ups to access rupee loans under the External Comm…
Only 7% of MSMEs manage to get loan | CRISIL Study
Scores of Government schemes and awareness campaigns have failed to get small scale industries get finances to kickstart and boost their business, thereby hampering growth of Indian economy. A staggering 93 per cent MSMEs did not get loan from government or non-government body, says a research d…
DBS Bank eyes Indian SME sector
Singapore-based DBS Bank hopes to increase its SME customer base by 30-40% in the current year with its new prodcut offerings. “In FY16, we have had a good growth in the SME segment including addition of a number of new clients availing our SME solutions. We grew our lending books by about …
Tamil Nadu has highest number of factories in India: RBI
Tamil Nadu has the highest number of factories in the country and employs the largest factory workforce, according to RBI data for the financial year 2014. The Reserve Bank of India, for the first time, has published a Handbook of Statistics on state-level data. In terms of capital, Gujarat has b…
Egypt seeks India’s help to learn the ropes of SME financing
In an attempt to bring financial sectors of two countries closer to the other Egypt’s Small and Medium Enterprises (SME) in the Egyptian Banking Institute (EBI) organised a visit of their experts to India this May to learn about experience in financing SMEs. The visit to India was in collab…
Egypt organises visits to India, Hungary to learn about SME financing
Small and Medium Enterprises (SME) in the Egyptian Banking Institute (EBI) organised two visits to India and Hungary in May 2016 in order to learn about their experience in financing SMEs. The purpose of the visit to Hungary was to meet heads of units of SME financing in banks in order to identif…
RBI organizes program on MSME in Leh
Reserve Bank of India organized a town hall programme on MSME at Leh and an outreach activity at village Basgo, Leh. The programme was attended by Governor, Reserve Bank of India Raghuram Rajan. Regional Director for Jammu and Kashmir, Reserve Bank of India while extending a warm welcome to the…
Lakshmi Vilas Bank Q4 profit up 22.5% on retail, SME growth
Private lender Lakshmi Vilas Bank on April 27 saw its Q4 profit grow 22.5% to Rs 49.07 crore year-over-year from strength in its retail and SME lending. The commercial lender’s Q4 net income increased 14.3% to Rs 758.84 crore from Rs 663.97 crore for the same period last year. “We are…
Banks develop an appetite for start-ups
In a dimly lit auditorium, three groups were called on to the stage to polite applause. Electronic music, with the bassline turned up too high, reverbed through the speakers. A couple of them smiled as they held their award to the flashlight of two cameras. Orange, which was the hallmark colour o…