Mumbai: The Indian Venture and Alternate Capital Association, or IVCA, is reportedly in discussions with central government officials to help ease the wide-ranging curbs the banking regulator imposed earlier this week on Alternative Investment Funds (AIFs), potentially choking institutional fund flows to a high-risk and hitherto lightly regulated investment vehicle experts believe could be misused … Read more
The Rs 300-crore India Microfinance Equity Fund (IMEF), which the Small Industries Development Bank of India (Sidbi) re-launched in November last year, does not seem to have many takers yet even as the small and medium sized microfinance lenders are longing for institutional funding support. Several NBFC-MFIs found the clauses attached for taking the funding … Read more
The Parliamentary standing committee on finance has pitched for providing a credit card to MSME entrepreneurs on the lines of Kisan credit cards, putting in place a mechanism for payment scores and a significant ramp up of SIDBI to ensure access to regular credit to small businesses. Former minister of state for finance and chairman … Read more
The Reserve Bank of India has proposed minimum 11.5% capital for the four all India financial institutions (AIFI) in line with Basel III framework to raise their resilience in periods of stress. The stricter capital norms would be applicable to Exim Bank, National Bank for Agriculture & Rural Development, National Housing Bank and Small Industries … Read more
Uttar Pradesh’s ‘One District One Product’ (ODOP) programme will aid in effective identification of “champion sectors” amongst MSMEs under the ‘Ubharte Sitaare Fund’, union finance minister Nirmala Sitharaman said on Saturday as she launched the “ambitious” alternate investment fund for MSMEs in the state capital. The fund, co-sponsored by Exim Bank and Sidbi, was formed … Read more
NEW DELHI: Private investment, which has been muted for a long time, will start trickling in once the overall capacity utilisation in the system goes beyond 75 per cent that, in turn, will help unleash ‘animal spirits’, CII President Uday Kotak said on Wednesday. The COVID-19 pandemic gave a shock to capacity utilisation and as … Read more
The BBB, headed by former Secretary Department of Personnel and Training B P Sharma, has asked eligible candidates to submit application for the post of DMD by September 15. Banks Board Bureau (BBB), the headhunter for state-owned banks and financial institutions, has invited applications for the post of Deputy Managing Director (DMD) of public sector … Read more