Latest Updates Around The World
Ashok Chandra, Managing Director and Chief Executive Officer of Punjab National Bank (PNB), expects the VAT rate reduction to boost progress in retail and MSME (Micro, Small and Medium Enterprises) by 1 to 2 percent. Talk to business line after announcing the financial results for the July-September quarter (Q2 FY26), he also hoped that the […]
With targeted reforms, East India has the potential to arise as an important engine in the growth ris of the country, according to a CII-Dealoitte report. The report, ‘the financing of the growth engines of East India’, noted that the demographic power of East India (the home base of almost 26 percent of the Indian […]
Account Aggregator Ecosystem is ready to unlock new boundaries in formal credit access, especially for MSMEs and personal loans, which in 2047 use meaningfully to the journey from India to Viksit Bharat, the Ministry of Finance said Tuesday. The Framework of Account Aggregator (AA) was officially launched on 2 September 2021, whereby a safe, permission […]
State Bank of India (SBI) launched her Center of Excellence (COE) for MSMEs (Micro, Small and Medium Enterprises) on Thursday at the State Bank Academy (SBA), Gurugram. The center was established with the aim of strengthening the MSME ecosystem through capacity building, research and industrial cooperation, which contributes to the vision of India to become […]
Hardika Shah, founder, Kina Capital | Photocredit: Rahul M Sindhe The MSME creditor-lender Kinara Capital, based in Bengaluru, is confronted with an in-depth liquidity crisis after a group of his lenders has moved to suitable fixed deposits and recovery loans, so ICRA has its credit assessments downgrade. The newest downgrade is on the heels of […]
The Reserve Bank of India (RBI) has released sectoral data on the use of bank credit, with an annual basis of 10.2 percent in non-food credit from 27 June 2025. This marks a decrease in growth of 13.8 percent registered for the same fourteen days a year earlier. The data, collected from 41 selection planned […]
Seen an employee at an Engineering MSME unit on Guindy Industrial Estate in Chennai, Tamil Nadu | Photocredit: Bijoy Ghosh Although they are important engines of employment and regional development, the medium -sized companies of India are largely excluded from government support due to a lack of consciousness and access. Only 10 percent of medium […]
