Page 5 - Sidbi

RBI gives exporters, importers liquidity and more time amid Covid-19 crisis

RBI took cognizance of the difficult situation amid the global coronavirus crisis and announced a number of measures for the export and import sector

RBI buttresses earlier position forcefully; economic forecasts conservative

The central bank cut the repo rate by 40 bps to 4% and the reverse repo rate was brought down to 3.35%

CM Yogi Adityanath launches 'UP Start-up Fund', to be managed by SIDBI

The fund has been set up under the UP Information Technology and Start-up Policy 2017

Sidbi, Nabard compete to lend to top MFIs under RBI's liquidity support

According to informal estimates, the two organisations together are looking to extend Rs 7,000-8,000 crore in funding

Sidbi to provide liquidity support to NBFCs, MFIs with 90-day term loans

NBFCs and MFIs have been hit on two fronts, with collections dipping due to the covid-19 lockdown, and the three-month moratorium extended to their borrowers

RBI measures sufficient, not substantial; Guv doing balancing act: Experts

RBI governor is walking a tightrope, says a former chief statistician

Ankur Capital to enter venture debt space, in talks to start third fund

Out of the second fund which has a target corpus of Rs 350 crore, the VC firm is looking at investing in around 20 start-ups in a span of 3-4 years beginning this year

MSE sentiment down for the third quarter in a row: CRISIL-SIDBI survey

The reading on the index for January-March 2019 was 122; it was 128 in the October-December 2018 quarter and 124 in the July-September 2018 quarter

The Mudra problem

Directed lending always builds up bad loans in banks

Oman India Joint Investment Fund II buys 9.9% in Capital SFB for Rs 84 cr

The current round of fundraising will help the bank deepen its penetration in Punjab and expand into Haryana, Rajasthan and NCT of Delhi, with a significant focus on MSME loans

SIDBI, IIM Lucknow launch fintech incubator called SCI-FI

SCI-FI will mentor fintech start-ups to create products and services for financial inclusion

UP to tie-up with Bank of Baroda for MSME funding, plans venture fund

Yogi govt may soon sign MoU with the PSU bank, Sidbi and some NBFCs to facilitate easy funding for small- and medium-sized units

Govt may enhance start-up fund to Rs 20,000 cr in Budget 2019: Sources

Even the Economic Survey which was presented on Thursday highligthed the importance of the segment

SIDBI Q3 net up 34% at Rs 540.3 cr on sharp rise in interest income

The average yield declined to 5.3 per cent as on December 2018 from 5.6 per cent as on December 2017, SIDBI said

Sidbi Q3 net profit jumps 34% to Rs 540.33 cr on higher interest income

However, net interest margin went down by 64 basis points to 1.86% due to the focus on low-risk assets and the increased cost of funding

Sidbi's new venture capital fund to back late-stage start-ups

Has made 52 exits from 117 bets across 7 funds

SIDBI plans to raise Rs 50 billion via bonds for refinancing activity

Rating agency Icra has assigned "AAA" rating for the proposed bond offering

SIDBI keen to expand exposure in MFI industry as it posts 25% annual growth

Pure-play MFIs have been a significant contributor to the growth in microfinance lending and have posted double the growth rate compared to traditional banks in the last fiscal

SIDBI targetting MSME lending of Rs 1.40 trillion during current fiscal

This would be a growth of over 30% compared to total advances of Rs 1.09 trillion during 2017-18

SIDBI to expand MSME working capital portfolio, partners Yes Bank

Under the pact, Yes Bank would provide various banking services, including working capital, to SIDBI customers at its pan-India branches, which currently number around 1100