18th Jan 17 Capital First to raise Rs. 500 crore via non-convertible debentures (NCDs)
Capital First, a leading MSME and consumer financing firm is set to raise funds worth Rs. 500 crore via non convertible debentures on private placement basis. The debentures, with a tenor of 3 years, will carry a coupon rate of 8.35 percent, payable annually and on date of redemption.
18th Jan 17 Yes Bank launches Yes Fintech, a business accelerator program in collaboration with T Hub
Yes Bank in collaboration with THub (a startup incubator) has launched a business accelerator program named Yes Fintech. Under the program, the bank will provide innovative solutions to MSMEs and SMEs via Alliances, Relationships and Technology model (digitised banking approach). Yes Fintech will also help the bank to provide undisruptive lending and payments solutions to its MSME customers.
17th Jan 17 MSMEs in South India expect favorable policies in the upcoming budget
MSMEs in South India are expecting more favourable policies for MSMEs in the upcoming budget 2017. MSME sector has reiterated its request to get better cooperation from banks, lower rates of interest and improved loan accessibility.
16th Jan 17 Moody Investors maintains a cautious outlook on the profitability of Indian Banks
Moody Investors Services has maintained a cautious outlook on the profitability of the banks keeping in view a high risk of rising nonperforming and restructured loans. However, the agency has stated that it expects the underlying assets of the banks to remain stable due to supportive operative environment.
14th Jan 17 Gujarat government to launch Business for Sale website for selling sick MSMEs
Gujarat government is planning to launch a website named as business for sale for selling sick MSMEs. The initiative is expected to help sick MSMEs to sell their business online. The report by RBI highlights the total number of sick MSMEs in Gujarat at 42, 500 in 2016.
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