RBI Releases Final Rules for Payments, Small Finance Banks Licenses

RBI Releases Final Rules for Payments, Small Finance Banks Licenses

Reserve Bank of India (RBI) issued on Thursday final guidelines for companies seeking to set up so-called payments banks and small finance banks in a bid to expand banking services to more people and small businesses. Payments banks can accept...
read more
Funding The Unfunded: New Bank To Help Small Businesses Grow

Funding The Unfunded: New Bank To Help Small Businesses Grow

Mumbai: A new bank announced in the annual budget last week could boost loans and cut borrowing costs for India’s cash-starved small businesses — tailors, mechanics and phone booth operators who account for around a fifth of the economy. MUDRA...
read more
PM Modi to Launch MUDRA Bank Tomorrow

PM Modi to Launch MUDRA Bank Tomorrow

New Delhi: Prime Minister Narendra Modi will tomorrow launch MUDRA Bank which will provide credit of up to Rs 10 lakh to small entrepreneurs and act as a regulator for ‘Micro-Finance Institutions’ (MFIs).   The roles envisaged for MUDRA includ...
read more
85% Small Business Owners Start With Personal Savings: Report

85% Small Business Owners Start With Personal Savings: Report

Guwahati: Some 85 per cent small business owners start off by utilising only personal savings, affecting the way decisions are made as well as how entities are run, according to a report. According to the report, prepared for financial management...
read more
Many Big Companies Live in Fear for Their Future in Digital Age: Survey

Many Big Companies Live in Fear for Their Future in Digital Age: Survey

Frankfurt: The top executives of many a corporate giant must feel like the fictional character Gulliver, waking up to find themselves under attack from modern-day Lilliputians, small start-up companies which overwhelm their established rivals with new technolo...
read more
Amazon to Offer Loans to Sellers in China, India, 6 Other Countries

Amazon to Offer Loans to Sellers in China, India, 6 Other Countries

Chicago: Amazon.com Inc will launch its business loan program for small sellers later this year in eight more countries including China, where credit is becoming a key factor in competing for new vendors and grabbing market share. Until now, the...
read more