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Thursday, March 28, 2024

Public Sector Banks

SIDBI MSMEs Green Funding Initiative

Introduction In a significant move, the SIDBI MSMEs Green Funding Initiative is set to revolutionize sustainable business practices among Micro, Small, and Medium Enterprises. This comprehensive financial scheme supports the adoption of solar energy and the integration of energy-efficient machinery...

Bad Bank launched for stressed assets as a measure to clean up bank books

The Government has launched a Bad Bank with all the regulatory approvals in place. This was stated by Minister of State for Finance Dr Bhagwat Kisanrao Karad in a written reply to a question in the Lok Sabha. The Finance...

Embargo lifted on grant of Government Business to Private Banks

The Government has lifted the embargo on private sector banks (only a few were permitted earlier) for the conduct of Government-related banking transactions such as taxes and other revenue payment facilities, pension payments, small savings schemes, etc. This step...

RBI rules and policies for SME lending – Supporting financial status of entrepreneurs

Banks are the fundamental source of external finance for SMEs. The importance of SME in personal sectors makes this issue greater thrilling for policymakers, economic institutions, and researchers. The Reserve Bank of India has been issuing a number of...
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Latest News

Invoicemart Facilitates INR 1 Lakh Crores in MSME Invoice Financing

Invoicemart, India’s largest Trade Receivables Discounting System (TReDS) platform, proudly announces a monumental achievement in the fintech landscape. The...
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