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

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

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 ...

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

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

Punjab National Bank, Hyderabad said it is organising a MSME Outreach Programme on February 13, 2025, here at National ...

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

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

RBI Governor Sanjay Malhotra announced a 25-basis point cut in the policy repo rate, aligned with the Union Budget to boost consumer spending. This is the first reduction in five years, leading banks ...

Chennai: The loans sanctioned for MSMEs under Prime Minister’s Employment Generation Programme is down by 45 per cent and those already released are down by 60 per cent till February in FY25 ...

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