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SME

SME

Indo-Japanese SME association on the anvil

[ad_1] An Indo-Japanese SME association is on the anvil to help small businesses from Japan enter the Indian market with support of governments from both countries. Speaking at a conference here, Mehool N. Bhuva, President of 70-year-old Indo-Japanese Association in Mumbai said, Japanese SMEs must get into the Indian market and intensified efforts are the need of th

SME

SME IPO | Seeing signs of price manipulation in SME segment, says Sebi chairperson Madhabi Puri

[ad_1] Sebi chairperson Madhabi Puri Buch on Monday said the capital markets regulator is seeing "signs" of price manipulation in the small and medium enterprises (SME) segment. The manipulation is both at the Initial Public Offering (IPO) and trading, Buch said, advising caution to investors. "We do see the signs (of price manipulation), we have the technology to d

SME

MSME National Summit Season 3: Foresight of the MSME industry

[ad_1] The ever-evolving world order is rapidly changing the dimensions in which businesses operate. As all businesses — big or small — are equally impacted in this new era of doing business, micro, small and medium enterprises (MSME) are no different, seeing significant action. Actually, it is this very environment of changing business dynamics that is creating

SME

RBI restricts withdrawals from Jalna-based Mantha Urban Coop Bank for 6 months

[ad_1] Reserve Bank of India on Tuesday imposed restrictions on withdrawals from Maharashtra-based Mantha Urban Cooperative Bank for six months. The RBI, in a release, said it has issued certain directions to Mantha Urban Cooperative Bank, Mantha District Jalna, Maharashtra, from the close of business on November 17, 2020.

SME

Capital needed for banking licence may be doubled if RBI accepts recommendations

[ad_1] To ensure that entities seeking private banks licence remained adequately capitalised to meet any eventuality, a Reserve Bank of India internal committee has recommended nearly doubling of the initial capital and net worth requirements to be eligible for getting a banking licence.           Under the on-tap lice

SME

World No. 1! RBI Twitter handle is the most popular of them all – globally

[ad_1] The Reserve Bank of India's (RBI) Twitter handle achieved 1 million followers on Sunday, turning it the first central bank in the world to achieve the feat. Taking to Twitter, RBI Governor, Shaktikanta Das wrote: "RBI Twitter account reaches one million followers today. A new milestone. Congratulations to all my coll

SME

Major bank union oppose banking licences to industrial houses

[ad_1] The Indian banking sector`s largest union, the All India Bank Employees` Association (AIBEA), on Tuesday opposed the recommendations made by the Reserve Bank of India`s (RBI) Internal Working Group as they are "retrograde" and would endanger people`s money.           "We strongly denounce the provocative recomme

SME

Protection of Lakshmi Vilas Bank could be done without compromising national interests: Swadeshi Jagran Manch

[ad_1] Swadeshi Jagran Manch has written to Shaktikanta Das Governor Reserve Bank of India, saying protection of the beleaguered Lakshmi Vilas Bank could be done without compromising national interests. The letter from Swadeshi Jagran Manch read, "This refers to the news published in various Media that the Reserve Bank of I

SME

Lakshmi Vilas Bank moratorium ends on Nov 26; good news for account holders, cap on cash withdrawals ends Nov 27

[ad_1] Lakshmi Vilas Bank (LVB) moratorium period will come to an end on Thursday and normal banking operations would commence thereafter, RBI-appointed administrator T.N. Manoharan said. That means cap on cash withdrawals for bank account holders goes too.           Lakshmi Vilas Bank moratorium: Customers, including

SME

Lakshmi Vilas Bank shareholders compensation: Mumbai HC admits writ petition

[ad_1] Lakshmi Vilas Bank shareholders compensation: Shareholders of the 94-year-old Lakshmi Vilas Bank (LVB) have started knocking the doors of justice for a fair valuation of their bank, the amalgamation of which takes effect from Friday onwards. On Thursday, Indiabulls Housing Finance Ltd, Kare Electronics and Development Pvt Ltd and others filed a writ petition