MSME loans Current Affairs, GK & News

Exposure Limits for Urban Cooperative Banks revised by RBI

On March 13, 2020, the Reserve Bank of India revised exposure limits of Urban Cooperative Banks. Earlier the RBI permitted 15% of its capital funds to single borrowers and 40% of its funds to group of borrowers. It has now revised the group of borrower fund limit to 25% of its funds. Highlights Apart from ..

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PSBloansin59minutes.com emerges Largest Fintech Lending Platform

PSBloansin59minutes.com which was launched by Prime Minister Narendra Modi in 2018 has emerged as the country’s largest online lending platform, with loan sanctions exceeding over Rs 35,000 crore. The portal provides credit up to Rs 1 crore to micro, small and medium enterprises (MSMEs) in just 59 minutes or less than an hour. How the ..

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