E-PaperSidbi News
SIDBI, TransUnion CIBIL launch knowledge platform for MSMEs
The one-stop knowledge portal- MSMESaksham, will guide MSMEs seeking seamless and quick access to finance and will also support them in managing their credit obligations
1 min read30 Jul 2020Coronavirus: Sidbi to provide loans up to ₹50 lakh to MSEs manufacturing medical supplies
The Sidbi Assistance to Facilitate Emergence response against coronavirus scheme will offer loans to MSEs at a fixed interest rate of 5% and with a maximum loan repayment tenure of five years
1 min read27 Mar 2020In more bad news, Q1 commercial credit dips by 2.6%: Report
The depressing dataprints come in at a time when growth has slipped to a six-year low of 5% in the June quarterEntities in the troubled NBFCs space lost market share in commercial credit
2 min read16 Oct 2019Deals Buzz: WeWork IPO postponed, $2.75-bn India unit deal faces delays
In other news, JM Financial Private Equity has closed its second India-focused fund with commitments of more than ₹600 crore from Quilvest Group and Small Industries Development Bank of India (Sidbi) among others.
5 min read18 Sep 2019Sidbi, Quilvest invest in JM Financial arm’s ₹600-cr India fund
Quilvest invested over ₹100 crore in the second fund, along with Sidbi that put in another ₹122 croreThe PE arm of Nimesh Kampani-led JM Financial Group had achieved the first close of its second fund at ₹300 crore in April 2018
2 min read18 Sep 2019Chiratae eyes first close of $150 million for latest India-focused fund
Chiratae’s fundraising comes at a time when VC funding remains strong despite an economic slumpChiratae had launched its first fund of $150 million in 2007 with investment from US-based media, data and marketing firm IDG Inc
2 min read11 Sep 2019Deals Buzz: Two Canadian pension funds vie for GIP’s road assets
In other news, Alteria Capital closed its maiden venture debt fund at a corpus of $140 million ( ₹960 crore), signalling a sharp rise in appetite for debt financing from startups
4 min read29 Jul 2019SIDBI Q4 net jumps 28% to ₹519.36 crore
Provision coverage ratio (PCR) was at 87% as on March 2019, a decrease of 200 basis points from March 2018 levelDuring the March quarter, net interest income (NII) improved by 29% to ₹721.20 crore from ₹559.30 crore in the same period last year
1 min read16 May 2019Finance ministry may raise cap on 59-minute loans to ₹3-5 crore
The cap on the 59-minute loans will be raised in a gradual mannerThe 59-minute loan scheme has already drawn healthy response from the borrowers and some of the PSU banks are now keen on hiking the credit limit
2 min read24 Apr 2019Despite govt push, PSBs share in MSME credit plunges to 39% in Dec '18 from 58% in Dec '13: Sidbi report
According to a report by Sidbi and Cibil Transunion, the plunge is due to the asset quality woes plaguing the state-run banksThe report did not quantify the credit disbursals in absolute terms
2 min read11 Apr 2019Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared