The Ahmedabad Police have launched an investigation after two men allegedly duped a city resident of ₹50 lakh by fabricating documents and securing a fraudulent MSME business loan. The accused, identified as Chintan Parmar and Sandeep Patel, are accused...
In a move aimed at improving access to affordable finance for micro, small and medium enterprises (MSMEs), the National Small Industries Corporation (NSIC) has signed a Memorandum of Understanding (MoU) with Bank of Baroda under its MSME Credit Facilitation...
Tata Power Renewable Energy Ltd (TPREL) has partnered with Bank of Baroda (BoB) to boost solar energy adoption among micro, small, and medium enterprises (MSMEs) and commercial and industrial (C&I) customers across India. The move is set to accelerate...
There have been several media reports alluding to steep increase in service charges by certain Public Sector Banks (PSBs). In this context, the factual position is as follows:
Basic Savings Bank Deposit (BSBD) accounts including Jan Dhan accounts -...
Under the 100 % Emergency Credit Line Guarantee Scheme (ECLGS) backed by a Government guarantee , Banks from Public & Private Sectors have sanctioned loans worth over Rs. 1 lakh crore as of June 26, 2020, of which more...
