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Keeping an eye on SME loans amid rising headwinds
This article first appeared in The Edge Malaysia Weekly on October 24, 2022 – October 30, 2022 LOANS to small and medium enterprises (SMEs) are
Hijras, ethnic groups to get SME loans
The move to encourage the underprivileged population for small and medium enterprises (SME) comes a year after the Bangladesh government recognised Hijras as the third
Financing India’s SMEs: The Availability Of Capital, Key Challenges & The Role Of Govt Measures
Siddharth Parekh, Senior Partner and Co-Founder at Paragon Partners, Aseem Dhru, MD & CEO at SBFC Finance Limited and Sumant Rampal Hd-Biz Banking, Rural Banking
Best Small Business Loans Of February 2024
Small business loans let eligible business owners borrow funds to cover company-related purchases and operating expenses. Whether you’re just starting your business or trying to
Demand for larger SME loans climbing as recession fears ease
As concerns around a recession fall, over a quarter (26%) of SME finance experts say that small businesses are mostly seeking higher-value loans of over
Best Startup Business Loans Of February 2024
Startup business loans help new companies get off the ground without having to qualify for traditional business loans. Startup owners can rely on term loans,
Average Business Loan Rate: What to Know About Interest Costs
The average small business bank loan interest rate ranged from 5.89% to 12.23% in the third quarter of 2023, according to the most recent data
A Latvian lesson: How India can ensure MSMEs get loans more easily
Despite considerable progress in financial inclusion, MSMEs in India continue to face significant challenges in accessing financing. World Bank data indicates that only 15% of
Budget 2024: Small lenders pitch for SME funding support, sector guaranteed scheme
With the Union Budget set to be unveiled on February 1, small lenders have pitched for supportive measures from the government, including finding assistance and
Reduce SME Lending Rates, Provide Greater Credit Access, Say Experts
Furthermore, the slowdown in the economy last year has caused significant pain to MSMEs due to high-interest rates in the lending landscape inhibiting their operational
4 FinTech platforms redefining digital lending for SMEs in India
Financial technology (FinTech) has disrupted traditional lending and made loans more accessible to the underserved and underbanked segments. The rise of FinTech lenders has proved
Compare Business Loan Interest Rates In 2024
Public and private sector banks of India provide loans to eligible businesses and charge interest when equated monthly installments (EMI) begins. Businesses maintaining a credible
Bizongo launches loan app Next for businesses
The embedded finance will cater to the requirements of supply chain finance, business loans, capex loans, factoring and structured finance in the first phase to more than
Pioneering change: Evolving products and technology in the time of regulatory shifts within financial services
In the dynamic landscape of the Indian financial services sector, recent regulatory guidelines from the Reserve Bank of India (RBI) are catalysing a transformative wave
PSB 59-minute loan scheme: Banks disbursed nearly Rs 70,000 crore MSME loans so far
The 59-minute loan approval scheme for micro, small and medium enterprises (MSMEs) by the government and SIDBI has sanctioned 2.48 lakh loans till January 1,
Big challenges that await SMEs in 2023 and the strategies to overcome them
It is difficult to estimate whether all Indian SMEs will overcome the big challenges of 2023, as it depends on various factors such as the
HDFC Bank Q3 business update: Gross advances grow 62.4%, retail loans 111% up
HDFC Bank’s gross advances surged to approximately ₹24.69 lakh crore in third quarter of FY24, marking 62.4% increase from ₹15.21 lakh crore in the previous
SME lending hugely underserved market as conventional banking unable to handle business volume from the sector
Micro, small and medium enterprises (MSME) play a key role in India’s industrial production and the sector contributes nearly 30% to the country’s gross domestic product
Brookfield-backed Indostar Capital sells stressed SME loans worth Rs 292 cr
Indostar Capital Finance Ltd (Indostar) has sold a stressed loan portfolio with principal outstanding at Rs 292 crore to Encore Asset Reconstruction Company as a step
How to Apply for and Get a Business Loan in 6 Steps
If you’re wondering how to get a small-business loan, you’ll want to devote the necessary time to do your research and find the right fit.
Brookfield-backed Indostar Capital sells stressed SME loans worth Rs 292 cr
Indostar Capital Finance Ltd (Indostar) has sold a stressed loan portfolio with principal outstanding at Rs 292 crore to Encore Asset Reconstruction Company as a step
Brookfield-backed Indostar Capital sells stressed SME loans worth Rs 292 cr
Indostar Capital Finance Ltd (Indostar) has sold a stressed loan portfolio with principal outstanding at Rs 292 crore to Encore Asset Reconstruction Company as a step
Speedy Solutions: Navigating Quick Business Loans without Collateral
When thinking of expanding a business, sufficient financial support is needed to turn the plan into a reality. Finance remains a big challenge for most
InCred Raises USD 60 Million From New and Existing Investors, Becomes India’s Second Unicorn of 2023
New Delhi, December 25: Ending the drought, fintech lender InCred has become India’s second unicorn this year after raising $60 million from new and existing investors,
Deutsche bank backed Taurus tokenizes SME loan portfolio
Swiss tokenization firm Taurus helped SME credit fintech Teylor to tokenize a portfolio of SME credit. Taurus backers include Credit Suisse, Deutsche Bank, Pictet and other big names. In
Steer Your Growth With MSME Business Loans And How To Achieve Competitive Interest Rates
MSMEs (Micro, Small, and Medium Enterprises) play a pivotal role in economic development. Access to timely financial support can make all the difference for budding
Deutsche Bank-backed Taurus Partners With Teylor To Tokenize SME Loans In Germany
Taurus, a Swiss crypto custody firm supported by Deutsche Bank, has entered into a partnership with Teylor, a fintech lending platform based in Zurich and
Deutsche Bank-Backed Taurus Starts Tokenizing German SME Loans
Teylor’s credit portfolio tokens, whose structure was overseen by law firm Allen and Overy, can be admitted for secondary market trading on Taurus’ TDX marketplace,
SME Finance Forum Prepares for the Global SME Finance Forum, which will Take Place in Mumbai, India, September 12–14, 2023
The Global SME Finance Forum 2023 (GSMEFF 2023) will take place in Mumbai from September 12–14, 2023. The SME Finance Forum is a dynamic forum
MSME development and employment are the cornerstones of the Indian economy, according to Dr. Bhagwat Kharad, MoS, Ministry of Finance, Government of India
On the first day of the Global SME Finance Forum 2023, notable speakers including Mr. Makhtar Diop, Managing Director of International Finance Corporation (recorded speech),
Deutsche Bank-Backed Taurus Starts Tokenizing German SME Loans
Taurus, a Swiss crypto custody firm backed by Deutsche Bank (DBK), has partnered with Teylor, a Zurich-based fintech lending platform specializing in the German SME marketplace, adding
01Fintech injects $20m into Validus to bolster SME financing in SEA
The investment into the leading SME supply-chain financing platform operating in Indonesia, Singapore, Thailand, and Vietnam, is set to accelerate its its expansion in high-growth
Financing alternatives ready to take advantage of $570 billion in SME lending opportunity
The India Digital SME Credit Report 2023 projects that during the next five years, there will be a demand for credit exceeding $570 billion due
Using alternative funding to take advantage of India’s $500 billion SME loan opportunity: Redseer-GetVantage Report
Bangalore/Mumbai: According to the India Digital SME Credit Report 2023, which was published today in association with Redseer Strategy Consultants and GetVantage, a possible US$
According to a FICCI report, financing and expensive credit are two of the largest problems facing SMEs in India
In spite of many government plans and incentives, small and medium-sized enterprises (SMEs) in India suffer intrinsic funding hurdles, according to a recent research by
HOW NEW APPROACHES TO FINANCE ARE SOLVING CREDIT PROBLEMS FOR SMES, STARTUPS
At TechSparks 2023 in Delhi, Karun Arya, Mukesh Mohan Gupta, and Kartik Bakshi shared their insights on new approaches to financing for SMEs and startups,
SBI Chief: SME lending is changing to resemble retail financing
According to State Bank of India Chairman Dinesh Kumar Khara, finance for small and medium-sized businesses (SMEs) is developing along the same lines as financing
UK SME loans: banks are guaranteed trouble in their push for home rule
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UK SME loans: banks are guaranteed trouble in their push for home rule
Bankers, according to an age-old gripe, are fair weather friends. Money lent in sunshine is reclaimed when it rains. Worse, lenders can inflict devastating personal
ADGM launches ‘Numou’ a revolutionary SME Financing digital platform
Abu Dhabi Global Market (ADGM), the leading international financial centre in Abu Dhabi, introduces Numou a cutting-edge digital platform tailored to bridge the funding gap
Abu Dhabi launches SME Finance Facilitator program to propel sector
RIYADH: Small and medium enterprises in the UAE are on course to have improved access to financial services thanks to a new program launched by
Abu Dhabi Department of Economic Development launches SME Finance Facilitator programme
The new initiative is part of ADDED’s ongoing efforts to enhance the business ecosystem for SMEs as a key driver of a vibrant, diversified and
HKMA, Abu Dhabi FSRA to Enhance Fintech Collaboration
The regulators will explore PoC projects to connect HKMA’s CDI platform to ADGM’s SME Financing Platform. https://www.regulationasia.com/hkma-abu-dhabi-fsra-to-enhance-fintech-collaboration/
4 Embedded finance platforms empowering SMEs in USA
Embedded finance transforms how individuals interact with financial services, opening up many possibilities for financial and non-financial businesses to reach a wider market. Embedded finance
A 21-YEAR-OLD ENTREPRENEUR IS BRIDGING THE CREDIT GAP PLAGUING INDIA’S SME SECTOR
Despite the vital contribution by small and medium enterprises (SMEs) to the Indian economy, many of these businesses struggle to secure timely and cost-effective credit
ICICI Bank Q2 profit soars 36%; SME loans grow 29%
Mumbai: ICICI Bank’s net profit rose 36% to ₹10,261 crore in the second quarter amid continued loan growth and a rise in fee income as
ICICI Bank Q2 profit soars 36%; SME loans grow 29%
Mumbai: ICICI Bank’s net profit rose 36% to ₹10,261 crore in the second quarter amid continued loan growth and a rise in fee income as
Financing and high credit costs among biggest issues faced by SMEs in India, says FICCI report
Small and Medium Enterprises (SMEs) in India face inherent challenges in financing despite several schemes and incentives by the government, according to a new report
Average business loan interest rates in 2023
Many businesses choose to borrow money to finance expensive purchases, invest in growth or improve their cash flow. However, borrowing comes at a cost. To know
Policybazaar.ae to Discuss the Future of Finance at Gitex Tech
Policybazaar.ae, CEO, Neeraj Gupta, is going to discuss about important issues related to the financial future and the effects of technology on financial services in
Emirates Development Bank launches supply chain financing for SMEs with Trade Capital
Emirates Development Bank, the key financial engine of UAE economic development and industrial advancement, has inked a Memorandum of Understanding (MoU) to create supply chain
Alba Bank and Mambu collaborate to redefine SME lending in the UK
The collaboration comes as Alba Bank strives to meet the underserved needs of SMEs by developing innovative products and offerings. By utilising Mambu’s cloud banking
N.E.A.T Microcredit Introduces Collateral-Free SME Loans
N.E.A.T Microcredit is giving opportunities to businessmen, women, and young entrepreneurs to grow their businesses by giving out SME loans with zero collateral. The fast-growing
SIDBI PLANS TO RAISE RS 10,000 CR FROM RIGHTS ISSUE NEXT FISCAL TO EXPAND EQUITY CAPITAL
The central government owns 20.8% in SIDBI, while the State Bank of India holds 15.65%, and Life Insurance Corporation 13.33%. The rest of the equity
Expect slower SME loans in 2023 but still a growth engine: AmBank
“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,
DBS Bank India targets $1 billion SME loan book by December 2025
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
EDB launches $27m solar energy financing programme for SMEs in UAE
Emirates Development Bank, the state-owned lender focused on financing the UAE’s priority sectors, has launched a Dh100 million ($27.2 million) solar energy finance programme as
Alternate-Financing Poised to Capitalize on the US$ 500 Bn SME Credit Opportunity in India – Redseer & GetVantage Report
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