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Yes Bank Launches SmartFin With Veefin Solutions, An Advanced Digital Platform To Boost MSMEs

Yes Bank has unveiled SmartFin, an advanced digital Supply Chain Finance (SCF) platform developed in collaboration with Veefin Solutions to support Micro, Small, and Medium Enterprises (MSMEs). The move reflects Yes Bank's commitment to fostering innovation and amplifying its digital offerings, ...

Your Electricity Bill To Go Down

In a year almost you can expect your electricity bills to come down by 3-5 paise per unit as power distribution companies are now reported to make payments in advance to power generating companies and this is reducing working capital needs ...

Working Capital For Auto Companies May Get Costlier

Auto companies amid slowdown in the sector might see another blow as the leading lender has proposed a higher collateral. In its recommendation, SBI proposes collateral of 25% over and above the inventory on issuance or increase of loans. In an ...

HDFC Launches New Credit Card For Entrepreneurs

In a move that will typically help villagers across India aiming to start their new business to gain access to easy credit line, the private-sector lender has introduced a new credit card in tie-up with the government's Common Service Centre (CSC) ...

RBI Proposes Stringent Norms For Large Borrowers

In a bid to instill credit discipline among big borrowers, the RBI has come up with draft guidelines on Monday as per which the central bank proposes to restrict the amount of short-term cash big firms can raise against receivables and ...

SBI launches scheme for women boutique owners

The country's largest lender State Bank of India (SBI) has launched a financing scheme for women fashion boutique owners. Labelled 'boutique financing', the scheme is designed to offer working capital expenses as well as term loan to boutique owners. Chief ...

Forex debt raising soars, touches $5.6 bn so far

As domestic interest rate is likely to remain elevated for some more time, corporates and banks are hitting the international debt market with renewed interest and have mopped up a hefty $5.6 billion so far this year. Last year, India Inc ...