User: gauravkhambhala Topic: smenews
Category: sme
Last updated: Sep 22 2016 01:55 IST RSS 2.0
 
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Sarfaesi provisions can help resolve NPAs of NBFCs faster: Icra 18.9.2016 ET: Finance / Insurance
"If credit costs were to come down, there could be some moderation in lending rates by NBFCs, which would benefit borrowers, going forward," ICRA added.
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Sarfaesi Act provisions can help resolve NBFCs' bad loans faster: Icra 18.9.2016 DNA: Top News
Domestic rating agency Icra has said the decision to extend provisions of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (Sarfaesi) Act 2002 to loans given by non-banking finance companies (NBFCs) will help bring down delinquencies and may result in cheaper funds for borrowers. "The access to the Sarfaesi Act will strengthen NBFCs' ability to contain life-time losses," the rating agency said in a weekend note after the finance ministry decided recently to extend the provisions of the Sarfaesi Act 2002 to NBFCs with over Rs 500 crore in assets. The ministry notification has a list of 196 NBFCs that will benefit under the new framework. "If credit costs were to come down, there could be some moderation in lending rates by NBFCs, which would benefit borrowers, going forward," the agency added. The report said the move is credit-positive for NBFCs with a retail focus, especially those which are in the mortgage space. As of March this year, only 19% of the ...
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Sarfaesi provisions can help resolve NPAs of NBFCs faster: Icra report 18.9.2016 News
Report said the move is credit-positive for NBFCs with a retail focus, especially those which are in the mortgage space
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CM Khattar announces Rs 1000 cr corpus for startups 17.9.2016 Gurgaon - City - The Times of India
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Industrybuying introduces 'quote only' feature on selected categories 17.9.2016 Sify Finance
[India], Sep 17 (ANI): India's leading B2B e-commerce startup industrybuying announces introduction of 'Quote only' feature on its platform for select categories. The development comes in order to
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Industrybuying introduces 'quote only' feature on selected categories 17.9.2016 New Kerala: Business India
Industrybuying introduces 'quote only' feature on selected categories
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CDMs: SBI increases the limit 17.9.2016 The Hindu: Today's Paper
CDMs: SBI increases the limit
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CDMs: SBI increases the limit 17.9.2016 Hindu: Home
State Bank of India (SBI) has enhanced the cash deposit limit through Cash Deposit Machines/Cash Point from Rs.49,000 to Rs.2,00,000.Customers can now deposit up to Rs.2,00,000 into their own accounts...
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'SBI's branch expansion not to be affected by merger': SBI MD 16.9.2016 News
SBI has 17,000 branches and together with its subsidiaries, the tally will come to nearly 23,000 after merger
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SBI moves from balance sheet-based to cash flow-based lending 16.9.2016 News
Decision sparked by mounting NPAs; mid-corporate bad loans account for 41% of total NPAs worth Rs 1.02 lakh crore
SBI hopes to achieve 12% SME credit growth 16.9.2016 New Kerala: Business India
SBI hopes to achieve 12% SME credit growth
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SBI hopes to achieve 12% SME credit growth 16.9.2016 Latest News
There are about 23,000 branches of SBI and its associate banks
No hope for PSBs unless they are allowed to function on commercial lines: Mythili Bhusnurmath 16.9.2016 ET: Opinion
"There is no reason why PSBs should not be as nimble as their private sector counterparts provided they are given this the required space."
MSME sector key to boosting exports: Nirmala Sitharaman 16.9.2016 Latest News
However, the Commerce and Industry Minister avoided commenting on the currency, saying it would 'sensitive" to comment on it
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Equal pay still eludes 'qualified' school PETs 16.9.2016 The New Indian Express - Odisha - http://newindianexpress.com/states/odisha/
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Small & medium industries hold key to revival of exports: Nirmala Sitharaman 16.9.2016 ET: Opinion
On global growth, you can only attempt to target niche areas to be able to enter certain domains which are not available to you now.
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Cash deposit limit increased 15.9.2016 TOI: All Headlines
Cash deposit limit increased
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HFCL raises over Rs 1,000 cr 15.9.2016 New Kerala: Business India
HFCL raises over Rs 1,000 cr
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Is media planning being Uber-ised? 15.9.2016 HBL: BrandLine
Hiring a media planning and buying agency has been the preserve of large advertisers. A recently launched online tool could change all that
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Hero FinCorp raises Rs 1,000 cr to expand credit services 15.9.2016 Latest News
The money was raised from ChrysCapital, Credit Suisse and promoters of Hero Group
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