Sidbi Venture Capital Ltd (SVCL) plans to launch a new Rs500 crore venture capital fund to help small- and medium- scale enterprises (SMEs) develop in India.
The fund will be operational from Oct 2004.
Reluctance on the part of both borrowers and lenders is hampering lending to small- and medium-enterprises (SME) in Cebu, a rural banker said.
The Commercial Bank of India LLC (CBI), a joint venture between public sector Canara Bank (BSE:CNBK) and State Bank of India (BSE:SBI), has begun operations in Moscow.
Reserve Bank of India (RBI) has constituted a separate Sub-Committee under the State Level Bankers Committee (SLBC) called the Sub-Committee of SLBC for Export Promotion.
S Kumars Nationwide Ltd (SKNL) is planning to repay its rupee debt by raising US$150m (close to Rs 700 crore at the prevailing exchange rate).
The Centre and the Tamil Nadu Government must announce a policy on financial and marketing support for the small scale sector and ensure its implementation, said Mr K.V. Kanakambaram, President, Tamil Nadu Small and Tiny Industries Association.
The Associated Chambers of Commerce and Industry of India (Assocham) has asked the Government of India to set up a credit rating agency for small and medium enterprises (SMEs).
Punjab National Bank, in association with six other public sector banks and the Small Industries Development Bank of India, intends to establish a credit rating agency for small and medium enterprises (SMEs).
There is good news for the field functionaries of banks and financial institutions who have been resisting lending to entrepreneurs, fearing prosecution from the authorities in the case of default by the borrowers.
The Small Industries Development Bank of India (SIDBI) will launch a Rs 500 crore venture capital fund with participation from commercial banks targeting at small- and medium-sized enterprises (SMEs) this month-end.
