‘Centre’s, RBI’s stand in SC on loans is a big blow to MSMEs’

The Consortium of Indian Associations termed as a ‘big blow’ to micro, small and medium-sized enterprises (MSMEs) the RBI’s affidavit in the Supreme Court pleading for vacating its stay order on the classification of NPA and the Centre ruling out further relief measures under the loan moratorium scheme. Consortium convener …

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Banks sanction ₹1.87 lakh crore to 50.7 lakh MSMEs under credit guarantee scheme

Of this, about 27 lakh MSME units received cumulative disbursement of ₹1,36,140 crore till October 5 The Finance Ministry on Thursday said banks have sanctioned loans of about ₹1,87,579 crore to 50.7 lakh business units under the ₹3-lakh crore Emergency Credit Line Guarantee Scheme (ECLGS) for the MSME sector impacted …

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No clamour or rush for restructuring of loan: SBI chief Rajnish Kumar

NEW DELHI : Contrary to market expectations, there was not too much demand or clamour for restructuring of loans as permitted by RBI recently to beat the COVID-19 related stress, SBI Chairman Rajnish Kumar said. He expects not more than ₹1.5 lakh crore worth loans would avail restructuring benefit even …

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MSMEs are the Achilles heel for non-bank lenders

MUMBAI: India’s non-bank lenders are bracing for a deluge of delinquencies from micro, small and medium enterprises (MSME), the worst hit by the pandemic. The concern is despite improved repayment collections over the past two months, as lenders believe it is a temporary phenomenon. The collection efficiencies of non-bank lenders …

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