Reserve Bank proposes prudential norms for FIs bad loans

The Reserve Bank of India (RBI) has proposed new norms for bad loans of financial institutions saying that their assets would be classified as "doubtful" if it remained in the sub-standard category for one year with effect from 31 March 2005.

SIDBI launches venture fund for SMEs

The Small Industries Development Bank of India (SIDBI) has launched the small- and medium- sized enterprise (SME) growth fund, a venture capital fund with a corpus of Rs 500 crore, dedicated to the SME sector.

SIDBI to hike credit to Kerala SMEs

The Small Industries Development Bank of India (SIDBI) has adopted new instruments and avenues for deploying credit to the small- and medium-sized enterprise (SME) sector in the State on a war-footing, according to Mr R.