“I hope we can sustain this double-digit growth, as SMEs are an essential business sector for Malaysia, whether it is in food and beverages, manufacturing, services, or other areas,” he told reporters at the AmBank SME BizCONFERENCE here today. Sulaiman said financing for SMEs carries a one to two per cent higher interest rate than […]
Expect slower SME loans in 2023 but still a growth engine: AmBank Read More »
Supply chain financing to fuel SME loan growth, says Divyesh Dalal, MD & Global Transaction Services Head, DBS Bank India https://www.thehindubusinessline.com/money-and-banking/dbs-bank-india-targets-1-billion-sme-loan-book-by-december-2025/article67296206.ece
DBS Bank India targets $1 billion SME loan book by December 2025 Read More »
Emirates Development Bank, the state-owned lender focused on financing the UAE’s priority sectors, has launched a Dh100 million ($27.2 million) solar energy finance programme as part of the country’s 2050 net-zero targets. https://www.thenationalnews.com/business/banking/2023/09/07/edb-launches-27m-solar-energy-financing-programme-for-smes-in-uae/
EDB launches $27m solar energy financing programme for SMEs in UAE Read More »
The current share of alternate finance is ~5%. Redseer estimates it to double and reach ~11% in the next five years. GetVantage is spearheading the alternative-finance movement to expand working capital access to millions of SMEs and eCommerce entrepreneurs in India; takes Revenue-Based Financing mainstream https://cxotoday.com/press-release/alternate-financing-poised-to-capitalize-on-the-us-500-bn-sme-credit-opportunity-in-india-redseer-getvantage-report/
A potential $220 billion credit deficit poses a roadblock to unlocking the economic potential of millions of digitized businesses, said India Digital SME Credit report 2023 by GetVantage and Redseer Strategy Consultants estimating $165 billion as serviceable when adjusted for sick and commercially unviable businesses. https://economictimes.indiatimes.com/industry/banking/finance/alternate-financing-to-capitalize-on-the-500-billion-sme-credit-opportunity-in-india-says-new-report/articleshow/103016212.cms?from=mdr
The India Digital SME Credit Report 2023 released today in collaboration between GetVantage and Redseer Strategy Consultants estimates that a potential US$ 220 Bn credit deficit poses a roadblock to unlocking the economic potential of millions of digitised businesses. https://economictimes.indiatimes.com/small-biz/sme-sector/alternate-financing-to-capitalise-on-500b-sme-credit-opportunity-in-india-redseer-getvantage-report/articleshow/103019188.cms?from=mdr
SME financing evolving along the lines of retail financing: SBI Chief Read More »
Infor Nexus and DBS Bank collaborated to enhance pre-shipment financing for small and medium-sized enterprises (SME) suppliers in the Infor Nexus supply chain ecosystem, the companies announced on Friday. In order to bolster pre-shipment financing, this trade financing solution will utilise historical data from the Infor Nexus platform to provide data-based lending solutions which will
DBS Bank, Infor Nexus join hands to enable pre-shipment finance for SMEs Read More »
Trade finance has always been an essential component of the global supply chain. However, with the advent of a globalised world, supply chains have become more complex, involving multiple tiers of suppliers. The Micro, Small and Medium Enterprises (MSMEs) sector has also grown in importance, contributing as much as 30% to India’s GDP. https://economictimes.indiatimes.com/small-biz/sme-sector/deep-tier-financing-in-india-the-future-of-sustainable-supply-chain-finance/articleshow/101588904.cms?from=mdr
Deep tier financing in India: The future of sustainable supply chain finance Read More »
ON APRIL 13 THIS YEAR, shares of AU Small Finance Bank surged 17% after Reserve Bank of India (RBI) approved re-appointment of Sanjay Agarwal as managing director and CEO for three years. This showed the faith investors have in the bank’s 51-year-old promoter, a chartered accountant who dreamt big in his youth, tried his hands at
AU Strikes Gold In Loans To SMEs, Farmers Read More »
SMEs (small and medium enterprises) in India have long faced challenges in accessing organised credit, impeding their growth, the company said. Understanding this unmet need, PhonePe has designed a seamless end-to-end journey on the PhonePe for Business app, ensuring that loans are approved by lending partners in a matter of minutes. https://www.cnbctv18.com/business/phonepe-launches-platform-for-merchant-lending-in-boost-for-sme-loans-17025861.htm
PhonePe launches platform for merchant lending in boost for SME loans Read More »