State Bank of India (SBI) is set to enhance the instant loan scheme threshold for MSMEs beyond the current Rs 5 crore, streamlining the process with tech for quick approvals. Plans include network expansion with 600 new branches, aiming to include more MSMEs in formal credit systems.
Related Posts
Indians’ net worth & debt, both at record highs: Study
Indian households’ net worth has soared to a record 157% of GDP in Q1 FY25, largely driven by substantial investments in equity and mutual funds. […]
Hyundai aims to raise up to $3.3 billion in record India IPO
Hyundai Motor Co aims to raise up to $3.3 billion through an IPO of its Indian subsidiary, setting a record in the country. The IPO […]
Varun Beverages plans to raise Rs 7,500 crore to fuel expansion and growth
Varun Beverages plans to raise Rs 7,500 crore through a Qualified Institutional Placement to fund expansion, including investments in subsidiaries and strategic acquisitions. The funds […]