Page 3 - Msme Lending
Details show direct fiscal costs of stimulus measures won't be large
Work from home being a new normal could help in the growth in smaller service sector MSMEs, writes Ranen Banerjee.
 "Details show direct fiscal costs of stimulus measures won't be large")
Some MSMEs may need deep restructuring, not just liquidity: Union Bank
Bank chief Rajkiran Rai says IBA has taken up the issue of restructuring with RBI
 "Some MSMEs may need deep restructuring, not just liquidity: Union Bank")
Stock exchanges turn to Centre, state govts to fund SME share sales
The plea comes at a time when coronavirus pandemic has crippled business activity, with SMEs being the worst-hit
 "Stock exchanges turn to Centre, state govts to fund SME share sales")
Govt to set up Rs 1-trn fund to clear pending MSME payments: Gadkari
He said the proposal may be placed before the Cabinet for approval once the finance ministry gives its go-ahead
 "Govt to set up Rs 1-trn fund to clear pending MSME payments: Gadkari")
Loans to MSMEs, India lockdown to make Axis Bank's bad loans worse
SME slippages so far in FY20 are just little shy of FY19's Rs 11,200 crore, and may increase due to lock-outs imposed
 "Loans to MSMEs, India lockdown to make Axis Bank's bad loans worse")
Top biz headlines: Bezos' India pitch, Airtel's fundraising, and more
From Huawei's likely 5G trial to DHFL-lenders meet, Business Standard brings you the top business headlines of the day
 "Top biz headlines: Bezos' India pitch, Airtel's fundraising, and more")
Year in Review: MSME sector poised for mega transformation in 2020
The Centre envisions a contribution of Rs 2 lakh crore from micro, small and medium enterprises (MSMEs) as India eyes becoming a USD 5 trillion economy by 2024
 "Year in Review: MSME sector poised for mega transformation in 2020")
Another nail in the coffin: Commercial credit down 2.6 percentage points
The contraction has been across all the four segments of the commercial credit segment, including micro, small, medium, mid and large enterprises
 "Another nail in the coffin: Commercial credit down 2.6 percentage points")
Banks must appropriately price in credit risk: Ex-RBI deputy guv Thorat
Usha Thorat says it's absolutely essential for financial stability that bank spreads are not under threat
 "Banks must appropriately price in credit risk: Ex-RBI deputy guv Thorat")
Edelweiss Group, Central Bank of India join hands to co-lend to MSMEs
The partnership comes after the Reserve Bank of India announced progressive Co-Origination Policy in September 2018, allowing banks and NBFCs to co-lend to a wider set of enterprise owners
 "Edelweiss Group, Central Bank of India join hands to co-lend to MSMEs")
Digital lending to MSMEs may rise up to 15-fold to Rs 7 trn by 2023: Report
India's 60 million MSMEs are broadly defined as businesses with annual revenue up to Rs 2.5 billion
 "Digital lending to MSMEs may rise up to 15-fold to Rs 7 trn by 2023: Report")
Lending to MSMEs can become Rs 15-trn business in next 5 years: Study
Of the total formal credit of around Rs 100 trn, only 25% is extended to MSMEs currently
 "Lending to MSMEs can become Rs 15-trn business in next 5 years: Study")
