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Time Room3 weeks ago03 mins

Mumbai: From January 2026, a PSB alliance digital platform for lending to small businesses will start operating on a large scale, opening a new avenue for MSME financing. This platform will allow any fintech or entity that serves MSMEs, including dealers, to plug-in and provide a financing interface for small businesses. On the other hand,…

Banking stimulus: Finance ministry asks PSBs to boost MSME, agriculture lending; Focus on deposits, asset quality and AI-led innovation & more related News Here

Time Room4 weeks ago04 mins

According to an official statement issued on Wednesday, the Finance Ministry has directed public sector banks (PSBs) to maintain healthy growth in low-cost deposits and lending to micro, small and medium enterprises (MSMEs) and agriculture sector while ensuring strong risk management.Chairing a performance review meeting with bank chiefs, Department of Financial Services (DFS) Secretary M…