Loan disbursement by the Export Import Bank of India rose by 64 per cent to Rs 11,435 crore in 2004-05, compared Rs 6,957 crore in the previous year. Sanction increased by 71 per cent to Rs 15,853 crore (Rs 9,266 crore).
HSBC proposes to launch unsecured lending to small- and medium-sized enterprises (SMEs) by July this year.
The Small Industries Development Bank of India (Sidbi) is going to start with commercial banks on extending working capital loans to the small- and medium-sized enterprises (SMEs) as it is not permitted to do so on its own under the current Sidbi
Expressing displeasure over scanty credit flow to small- and medium-sized enterprises (SMEs), the Government will set a target for SME lending and asked banks to step up advances to the sector.
The government will raise the investment limit for small scale units from Rs 1 crore to Rs 5 crore in the Small and Medium Enterprises Development (SMED) Bill which will be presented in the current session of Parliament.
Banks and financial institutions are tapping the external commercial borrowing (ECB) market for raising short-term funds even though the government is yet to finalise its policy on ECBs for the new financial year.
Small Industries Development Bank of India (SIDBI) is expecting US$120m from World Bank and another US$30m pound from UK-based Department for International Development (DfID) shortly for boosting credit to small companies.
Yes Bank plans to raise Rs 100-crore Tier II capital through redeemable convertible bonds.
Small Industries Development Bank of India (SIDBI) today said it is in talks with 3-4 commercial banks for stake, so that it can get a direct lending window to the small- and medium-sized enterprise (SME) sector.
Small Industries Development of Bank of India (Sidbi) disbursed Rs 11,300 crore to the small scale industry (SSI) sector during April-December. This presents 9.71% increase over the disbursement of Rs 10,300 crore in the previous fiscal year.
