Msme News

14 Jun 2023, 10:21

Budget 2023-24: Positive for infra and credit growth

The budget for fiscal 2024 is growth-oriented and focuses on capital spending to stoke demand and ultimately crowd in private-sector investments. It also provides support to micro, small and medium enterprises (MSMEs) and should boost consumption demand through tax concessions. Yet it plans to stick to the fiscal consolidation path — there is no borrowing shock — which augurs well for interest rates. Such tidings will prepare the economy for its next phase of growth.

14 Jun 2023, 10:20

Mortgage platform LoanKuber raises $2 million led by Inflection Point Ventures

Fintech startup LoanKuber, a digital mortgage platform for MSMEs, on Thursday said it raised $2 million as part of its ongoing Series A round led by Inflection Point Ventures.

14 Jun 2023, 10:19

Bank of Maharashtra tops list of public sector lenders in loan growth, asset quality

The Bank of Maharashtra (BoM) has emerged as the top performer among state-owned lenders in terms of loan growth percentage during the third quarter of 2022-23. The Pune-based lender recorded a 21.67 per cent increase in gross advances on a year-on-year basis, according to the latest quarterly numbers of the public sector bank (PSB). The bank has maintained the top slot in credit growth in percentage terms consistently for the past 10 quarters despite COVID-19

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