RBI’s draft norms state that loans granted for business purposes to individual borrowers will also be free of the existing ...

FM Sitharaman launches Mutual Credit Guarantee SchemeScheme provides 60% guarantee coverage by NCGTCIt’s for purchase of ...

The RBI's draft guidelines propose removing prepayment penalties on floating-rate loans for retail and MSME borrowers, ...

Under the proposed norms, MSME borrowers will benefit from these provisions up to an aggregate sanctioned loan limit of ₹7.50 crore per borrower. This move is expected to support small businesses by ...

The CGFTMSE programme offers collateral-free loans for MSMEs, allowing them to secure financing up to ₹1 crore without ...

Attendees can benefit from on-the-spot loan approvals, personalised consultations with PNB's banking experts, and ...

In a significant move to alleviate the financial burden on borrowers, the Reserve Bank of India (RBI) has unveiled draft ...

Lenders will also not charge foreclosure or prepayment penalties to individual borrowers for loans sanctioned for business ...

The Budget 2025 introduces transformative measures—including enhanced credit guarantees, the ME-Card initiative, ...

The National Council on Micro, Small, and Medium Enterprises (MSMEs) has constituted a high-level committee to interface with the Central ...

A one-day MSME Loan Fair organised by the Punjab National Bank (PNB) was held here today. The event was inaugurated by chief ...

MSME lender breached loan covenants on Rs 1,772 crore due to rising NPAs and losses, securing waivers for 38% of the debt ...