Finmin reimposes spending curbs on ministries, depts for Q2

Move made keeping in mind cash position ahead of likely third wave; health, MSME and rural development spared restrictions. The finance ministry on Wednesday reimposed expenditure curbs on ministries and government departments for July-September quarter. There will be no spending restrictions on the ministries of health, rural development, agriculture, MSME (micro, small and medium enterprises) […]

Continue Reading

MSMEs need help again but not the way govt did last time

While players in the financial ecosystem are opening up to the idea of receivables funding for the sector, this market needs a regulator, which a Parliament panel feels only RBI can provide. Valuations of payment gateways for the micro, small and medium enterprises (MSME) are shooting up. These gateways offer bundled services to the MSMEs […]

Continue Reading

Retail and SME loans set for litmus test in 2021

Banks such as IndusInd Bank, Federal Bank, DCB Bank and Axis Bank which have renewed their focus on secured loans may be, hence, walking on a tightrope. The Reserve Bank of India’s Financial Stability Report (FSR), published last Monday, reiterated higher-than-anticipated stress formation. But here’s the tricky part. While the report is cautious across categories […]

Continue Reading