Business
October 13, 2024
2 views 6 mins 0

SBI plans to enhance threshold limit under instant loan scheme for MSME sector

To ensure easy and adequate credit availability to the MSME sector, the State Bank of India (SBI) is planning to enhance the threshold under the instant loan scheme from the existing Rs 5 crore. ‘MSME Sahaj – End to End Digital Invoice Financing‘, provides solutions ranging from applying for the loan, documentation and disbursement of […]

Business
October 05, 2024
1 views 4 mins 0

MTNL defaults on repayment of Rs 326cr, SBI declares it NPA

NEW DELHI: State Bank of India has declared loan accounts of debt-ridden state-owned MTNL as sub-standard non-performing assets due to non-payment of instalments and interest since June 30, the telecom firm said in a filing.The total outstanding on the MTNL loan account was Rs 326 crore as of Sept 30, according to the SBI letter […]