Economy Survey proposes a QCO framework aligned with industry readiness

The Economic Survey 2026 has confirmed Quality Control Orders (QCOs) as essential tools for mitigating reputational risks associated with inconsistent quality. However, at the same time, it called for a strategic change to ensure that these regulations do not become a burden on SMEs. The research proposed a ‘forward-looking’ QCO framework with rigorous pre-enrolment assessments, […]

Axis Bank launches digital loans for SMEs

Applicants receive an immediate credit decision within minutes and funds are disbursed within days. Private sector lender Axis Bank today launched ‘Digital Merchant Cash Advance Loans’, a cash flow-based lending product for micro and small businesses (MSMEs) across India. This fully digital product offers unsecured loans ranging from ₹2 lakh to ₹20 lakh, allowing merchants, […]

Dugar Finance raises $18 million in Swiss-led debt financing

Ramesh Dugar, Founder and Managing Director, Dugar Finance MSME lender Dugar Finance & Investments Limited has raised $18 million (₹160 crore) in a debt financing round led by Switzerland-based impact investor Symbiotics. The capital will enable Dugar Finance to enter new geographies, deepen distribution in underserved regional markets and further strengthen its analytics-based lending and […]

Tamilnad Mercantile Bank is launching a loan origination system to speed up loan processing

Tamilnad Mercantile Bank (TMB) has announced the rollout of its new Loan Origination System (LOS). The new technology, developed in collaboration with Noida-based Nucleus Software, is aimed at bringing greater speed, accuracy and standardization to the Bank’s credit processing workflow. It will integrate automated controls, digital workflows, assessment uniformity and internal connectivity, allowing TMB to […]

We will not join the war of interests, the focus is on quality and not only on business volumes: CEO of Canara Bank

Satyanarayana Raju, Managing Director and CEO, Canara Bank Canara Bank is focused on quality growth and profitability as it continues its strategic shift into the retail, agriculture and MSME (RAM) segments. Satyanarayana Raju, managing director and CEO of Canara Bank, said the public sector lender will resist the ongoing ‘rate war’ in corporate lending, and […]

We will not join the war of interests, the focus is on quality and not only on business volumes: CEO of Canara Bank

Satyanarayana Raju, Managing Director and CEO, Canara Bank Canara Bank is focused on quality growth and profitability as it continues its strategic shift into the retail, agriculture and MSME (RAM) segments. Satyanarayana Raju, managing director and CEO of Canara Bank, said the public sector lender will resist the ongoing ‘rate war’ in corporate lending, and […]