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How to get loans even with a low credit score
The cut-offs in credit scores used for evaluating loan applications can vary across lenders. Some lenders set a high cut-off in credit scores while approving loan applications while others may approve loans to those with a lower credit score.
DPIIT working on credit guarantee, seed fund schemes for startups
The government had launched Startup India Action Plan in January 2016 to pr...
Voda Idea considers credit enhancement to make investments more attractive for investors
The telco is working with Mumbai-based InCred Capita...
Record stimulus slows credit downgrades of Indian companies
Yield premiums for AAA ranked 10-year rupee company notes over similar-maturity sovereign debt have declined to 80 basis points from 152 at the end of May, the highest since 2009, according to data compiled by Bloomberg.
ETRise Top MSMEs Ranking: Union Bank CMD says conventional credit worthiness model does disservice to millions of entrepreneurs
Union Bank follows the mantra of ‘Adequate Credit at Appropriate Time’ for MSMEs. It has worked to enhance access and improve the service experience through dedicated branches, equipped with skilled manpower and technology support, and centralised credit underwriting to enhance quality and reduce turnaround time (TAT) significantly.
DPIIT to seek nod for startup credit scheme, seed fund
Since the launch of the Startup India initiative on January 16, 2016, the DPIIT has recognised 28,979 startups as of March 1, 2020. Of these, 27,137 startups employed around 337,000 people.
Credit Suisse appoints Puneet Matta as head of wealth management India
Matta has 30 years of industry experience across wealth management.
Franklin fallout: Credit risk funds to face redemption pressure, say experts
Catching investors off guard, Franklin Templeton Mutual Fund late on Thursday announced winding up of six debt schemes, citing redemption pressure and lack of liquidity in bond markets due to the coronavirus pandemic.
PM awards to bureaucrats in 2020 to be based on a district's economic development
The awards will be given away by Prime Minister Narendra Modi on Sardar Patel’s birth anniversary on October 31, 2020, at the Statue of Unity in Kevadia, Gujarat. The annual awards were started in 2006 and were last restructured in 2014 by the Modi government for recognizing the performance of District Collectors in Priority Programs, Innovations and Aspirational Districts.
19% of MSMEs eligible for govt guarantee in high-risk category: CIBIL
According to TU Cibil analysis, 28% of the MSMEs have a CMR between 1 to 3 which makes them super-prime borrowers and the least likely to default.
ETRISE Top MSMEs Ranking: As GST collections slip, compliance cost increases
A slowdown in consumption is also hurting tax collections and a prolong period of economic uncertainty will further pressure.
This short-term fund gave 17% returns in one year; find out how
PGIM India Short Maturity Fund is offering eye-popping 17% returns in the last one year. The returns are more than double the average returns offered by the short duration category. The scheme is ahead of its peers by a wide margin.
Small business credit worth Rs 2.32 lakh crore at highest risk of default: Cibil
In its study, TransUnion Cibil said, at present, the total outstanding amount of all financiers to small businesses having a credit outstanding of less than Rs 50 crore is Rs 17.94 lakh crore, representing 28 per cent of the total outstanding credit.
Borrowing costs for India’s shadow banks finally start to fall
Policy makers are leaving no stone unturned to help NBFCs overcome the credit crisis.
ETRise Top MSMEs Ranking: Need a data rich India to jumpstart MSMEs financial inclusion
At the recent discussion about the state of MSMEs in the country, experts believed that the SME community is so entangled that they believe one another easily, which eventually discourages them to take steps towards formalisation.