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Banks, NBFCs line up to woo MSMEs

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MUMBAI : Banks, non-banking financial companies and fintech companies are looking at the government’s ₹3 trillion automatic collateral-free loans to micro, small and medium enterprises (MSMEs) as an opportunity to protect their books more than a business opportunity.

Several have started to reach out to their clients and expect to begin loan disbursements by mid-June, which could lead to higher credit growth in the first quarter.

On Tuesday, State Bank of India chairman Rajnish Kumar said the bank has released ₹2,300 crore to 22,000 MSME loan accounts on a single day.

SBI’s SME loan book stood at ₹2.78 trillion or 14% of its total loan book as on 31 December. “We are bullish on the ₹3 lakh crore scheme as risk weight is zero and we don’t

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coronavirus pandemic.The company, based in nearby Millbrook, Ont., announced Tuesday morning that following a meeting on Monday, the board of directors decided to move both productions scheduled for 2020 to summer 2021. The company was scheduled to stage The Great Shadow, written by Alex Poch-Goldin and directed by Deb Williams, in June.
county Williams state Indiana covid-19 Peterborough coronavirus Coronavirus
Ana De-Armas - Sooo, Ben Affleck's Kids Put a Gigantic Cardboard Cutout of Ana De Armas on His Front Lawn - cosmopolitan.com
cosmopolitan.com
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Sooo, Ben Affleck's Kids Put a Gigantic Cardboard Cutout of Ana De Armas on His Front Lawn
and quarantine—you know, considering that everyone was convinced their relationship was a PR stunt for the longest—but here we are! Ben's still smitten, and Ana seems to be getting along swell with Ben's three kids—Violet, Seraphina, and Samuel. In fact, Ana's getting along so well with Ben's kids that they made a cardboard cutout of her...and placed it on their dad's lawn.
Ana De-Armas Celebs
Feds to offer more funding to organizations tackling food security amid COVID-19 - globalnews.ca - Canada
globalnews.ca
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Feds to offer more funding to organizations tackling food security amid COVID-19
Marie-Claude Bibeau announced on Tuesday a second round of applications are now being accepted for the government’s local food infrastructure fund.
Canada covid-19 coronavirus canada Food banks Coronavirus
Borrowing costs for top NBFCs finally start to fall - livemint.com - India
livemint.com
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Borrowing costs for top NBFCs finally start to fall
₹3 trillion ($39.7 billion) of collateral-free loans to the nation’s small businesses and a ₹75,000 crore special credit line for the shadow banking sector. Adding to the stimulus package, the central bank on May 22 slashed the benchmark repurchase rate to the least since the measure was introduced in 2000.Despite the improvements after Indian authorities’ efforts, there have still been lingering concerns.
India fall
COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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Covid-19.rehab - the latest news concerning the spread of the SARS-CoV-2 coronavirus (formerly 2019-nCoV), as well as the infectious disease that it causes COVID-19, in separate countries and in the world as a whole. Current news on the topic of coronavirus SARS-CoV-2. Quarantine, pandemic 2020, epidemic: what is it, when will it come to end, precautions and how to protect yourself from this disease. The most honest news, no fakes! To keep up with the latest news, stay tuned for updates on the site! Every day we will collect news and statistics on coronavirus from around the world for you to be aware of this topic.

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