The Micro, Small and Medium Enterprises (MSMEs) in Chhattisgarh would be focusing on innovative startups to translate the ‘Make in India’ theme into action. A group of high-powered panelists stressed for coming out with innovative ideas for business at the Business Baatein event organised by Busi…
Tag: SBI
MSMEs in Goa to get lion’s share of credit from banks in 2016-17
Micro, Small and Medium Enterprises (MSMEs) in Goa, may get better funding from banks in 2016-17 with the NABARD estimating huge scope of lending to the sector. On 19th January NABARD announced the potential credit plan for banks for 2016-17 with MSMEs getting the lion’s share of credit for the y…
SBI launches specialised branch for Start-ups
State Bank of India (SBI), India’s largest lender, on January 14 opened a specialized br—SBI InCube—that will cater to the specific financial needs of start-ups in Bengaluru. The branch will assist start-ups in cash management, taxation, regulations, foreign exchange and remittances, mentoring, a…
SBI to set up special branch for start-ups in Bengaluru
The nascent yet burgeoning start-up ecosystem has caught the attention of SBI. The country’s largest bank will soon set up a first-of-its-kind branch to cater exclusively to the growing banking needs of start-ups. The bank has zeroed in on Bengaluru, the so-called Silicon Valley of India, for set…
‘Incorrect’ CIBIL reports causing hardship to MSMEs
The MSME entrepreneurs, who are already reeling under the crisis of poor credit flow, high interest rates and third party ratings, now have a new reason to worry about. The Credit Information Bureau (India) Limited (CIBIL), which maintains the credit history of the borrowers for the financial ins…