Page 10 - Msme

MSMEs forced to approach moneylenders as PSBs steer clear despite govt push

While the average cost of bank lending to MSMEs is between 12-15%, it goes up to as high as 18% from NBFCs, and 24% from moneylenders

Aggregate MSME lending grew at 19.3% in the past five years: CIBIL report

The MSME segment, where NPAs had peaked in the previous few years, is starting to see a fall in NPA ratios

MSME minister urges banks to provide loans to youth and small entrepreneurs

The MSME minister said the government is keen to bring SC/ST entrepreneurs at par with their counterparts in the industry

The big problem of micro and small enterprises

Under pressure, many banks are in perennial search of Mudra loan seekers. In the process, the credit risks are rising

Two steps forward, one back

Overall NPA situation improves, but what of MSME lending?

Extend loan restructuring plan to firms yet not registered under GST: MSMEs

The MSME sector Wednesday demanded the RBI's loan restructuring scheme be also extended to the companies not yet registered under the goods and services tax and called for restoration of priority sector lending tag for such enterprises. The Reserve Bank of India (RBI) Tuesday allowed a one-time restructuring of the existing debt of up to Rs 25 crore for the companies that have defaulted on payments but their loans have continued to be classified as standard assets. "It would have been far more effective if the scheme covered all MSMEs, GST-registered or not, as a large number of units are adversely affected due to delays in payments owing to stressed economic conditions as a result of twin shocks of demonetisation and GST," said Federation of Indian Micro and Small & Medium Enterprises Secretary General Anil Bhardwaj. To be eligible for the scheme, the aggregate exposure, including non-fund based facilities of banks and non-banking finance companies, to a borrower should not ...

RBI allows one-time restructuring of MSME loans of up to Rs 25 crore

To be eligible, the MSME account should remain a 'standard asset' as of January 1

New RBI norm allows one-time restructuring of loans defaulted by MSMEs

The aggregate exposure, including non-fund based facilities of banks and NBFCs, to a borrower should not exceed Rs 25 crore as on January 1, 2019 to be eligible for the scheme.

Despite relaxed norms, few MSME promoters able to bid for their own company

The number of firms going for liquidation remains higher than those with a resolution plan

Small companies struggle to stay afloat as bigger peers race ahead

While revenues of all listed companies grew 30% in last three years, the bottom quartile saw a 40% decline

Ministry proposes to set up governing council to boost shipments from MSMEs

A formal platform may also be created by the ministry to ensure that it is involved in all bilateral and multilateral trade negotiations which have an impact on the enterprises

New retail benchmarks set by RBI likely to hit profitability of banks

Change in lending rate benchmark may not aid loan book growth but increase margin volatility

MSME loans restructuring a step backwards given RBI's earlier stance: Fitch

Fitch Ratings Director said given the past record, it is unlikely that banks would exercise prudence while restructuring loans of MSME

Incentives for MSMEs to boost factoring mkt, ease recovery of receivables

The package makes it a must for large corporate buyers to register on TReDS system, shifting the risk of paying the banks from the MSME to the corporate customer

Govt lines up Rs 90 billion for MSME outreach and support programme

Modi announced a Rs 60-billion package for creating 20 hubs and 100 tool rooms for technology upgrade for MSMEs

Private banks, NBFCs eat into state-run lenders' pie of MSME loans

11 PSBs are under the Reserve Bank of India's prompt corrective action framework

Micro finance company Satin to hive off its MSME lending business

Satin is hiving it off because 85% of its lending has to be micro finance lending, according to RBI rules

MSME credit growth improves as impact of note ban, GST subsides: Report

The overall credit exposure has shown the highest growth in last five quarters at Rs 54.20 trn as of March 31, 2018, with MSMEs segment constituting Rs 12.6 trn of the commercial credit outstanding

Credit to MSME rises amid muted growth; personal loans jump 20.4% in Feb

This was lead by a 4 per cent growth in credit to micro and small enterprises, followed by a rise of 2.3 per cent and 0.4 per cent

About 50 mn jobs to be created by next year: MSME Minister Giriraj Singh

He was speaking at the 'National SC-ST Hub State' conclave organised here by his ministry