Tag: msme

Punjab National Bank raises profit guidance to Rs 7,500 crore for FY24

Posted on January 28, 2024 by filesadmin

The bank has revised the earlier profit target of Rs 6,000 crore to Rs 7,000-7,500 crore for the current financial

CredAble records a two-fold increase in loan disbursements in 2023

Posted on January 14, 2024 by filesadmin

CredAble, a fintech offering working capital finance to MSMEs, recorded a two-fold increase in loan disbursements amounting to Rs

Central Bank of India partners with Kisetsu Saison Finance, shares rise

Posted on December 28, 2023 by filesadmin

The Central Bank of India Ltd’s shares rose 3.26 per cent after the company established a Co-Lending Partnership with Kisetsu

MSME lender U Gro Capital raises ₹250 crore from Dutch development bank

Posted on December 19, 2023 by filesadmin

DataTech NBFC U GRO Capital has raised ₹250 crore from the Dutch Entrepreneurial Development Bank FMO through rupee-denominated non-convertible debentures (NCDs). Aleksandra Gazy,

Godrej Capital to onboard smaller lenders on ‘Nirmaan’ platform, explore co-lending

Posted on December 4, 2023 by filesadmin

Godrej Capital is in the final stages of onboarding other smaller financiers onto its MSME ‘Nirmaan’ platform, and may eventually

HSBC India and UK Export Finance partner to support Indian MSMEs

Posted on November 26, 2023 by filesadmin

HSBC India and UK Export Finance (UKEF), the United Kingdom’s export credit agency, intend to establish a financing programme of

Capital Small Finance Bank reports 6.5% increase in Q2FY24 net profit at ₹24.29 cr

Posted on November 9, 2023 by filesadmin

Capital Small Finance Bank reported a 6.5 per cent increase in second quarter net profit at ₹24.29 crore, supported by

Festival season-led demand drives record loan disbursals for NBFCs in October

Posted on November 5, 2023 by filesadmin

The festival season-led spending and consumer exuberance is driving strong record disbursals for NBFCs, led by both consumer and MSME

SBI Card for MSMEs launched

Posted on September 6, 2023 by filesadmin

SBI Card has launched ‘SimplySAVE Merchant SBI Card’ for micro, small, and medium enterprises (MSMEs), with the offer of short-term

Fintech CredRight raises $9.7 mn

Posted on September 2, 2023 by filesadmin

Fintech start-up CredRight has secured $9.7 million in a combination of equity and debt funding. The equity capital raise was

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