Clix Capital has secured Rs 220 crore in funding, led by existing investors Apollo Global Management, Pramod Bhasin and Anil Chawla. The company plans to […]
Tag: MSME
Fusion Micro Finance changes its name to Fusion Finance
Fusion Micro Finance has changed its name to Fusion Finance, starting 9th July, 2024. Founded in 2010, Fusion is a prominent player in India’s developing […]
SIDBI to lead in tech-driven solutions for MSME sector
Take us through your journey at the Small Industries Development Bank of India (SIDBI). Tell us about the evolution of technology, and how it has […]
NABARD estimates credit potential of Rs 3,421.77 crore for Meghalaya
The National Bank for Agriculture and Rural Development (NABARD) has estimated a credit potential of Rs 3,421.77 crore for Meghalaya under priority sector lending by […]
4th G20 GPFI meeting concludes in Mumbai
The 4th G20 Global Partnership for Financial Inclusion (GPFI) meeting, which was held in Mumbai, concluded recently. The three-day meeting from 14th to 16th September, […]
Banks reach out to RBI, seek easing of MSME bad loan rules
Banks have reached out to the Reserve Bank seeking relaxation in recognition of non-performing assets in the MSME sector. Banks want that a restructured MSME […]
Indian banks may face rise in bad loans from retail, small businesses: SBI official
Indian banks could see an increase in bad loans in the retail and small business segments from its recent low levels, an official with the […]
HSBC confident it can serve an aspirational India going global
With Citi India exiting India’s retail segment, another foreign lender, HSBC, is firming up plans to grab a bigger share of the pie. While the […]
NBFCs turn to newer asset classes in quest for returns
Non-banking financial companies (NBFCs) have started realigning portfolio strategies for better risk-adjusted returns, with focus on unsecured loans and micro, small and medium enterprise (MSME) […]
Poonawalla Fincorp well capitalised to touch Rs 50,000 cr AUM in 5 years
Poonawalla Fincorp is aiming to build a loan book of ₹50,000 crore in the next five years, chairman Adar Poonawalla tells Saloni Shukla. While the […]