sme

SBI aims to maintain a RoA above 1% in FY26 despite margin pressures from softening interest rates, targeting a RoE over 15%. The bank reported strong FY25 results, with RoA improving to 1.10% and net profit rising 16% to ₹70,901 crore. SBI focuses on asset quality, reducing gross NPAs to 1.82% and net NPAs to 0.47%.

Gensol Engineering's shares plummeted after SEBI barred the company and its promoters, Anmol Singh Jaggi and Puneet Singh Jaggi, from the securities market due to fund diversion allegations and corporate governance lapses. SEBI's investigation revealed forged documents and misleading statements to rating agencies and lenders.

Gujarat's smes have set a record by raising Rs 1,919 crore in FY25 from IPOs, making it the highest in a financial year for the state. With 50 companies listing on NSE Emerge and BSE sme, Gujarat ranked second in fundraising after Maharashtra. This surge highlights the increasing reliance on IPOs for growth and brand enhancement among smes.

Charu Asopa, known for her turbulent marriage with Rajeev Sen, is now navigating life as a single mother. A recent video showcasing her online clothing sales went viral, earning her praise for her hard work. Despite speculation about rekindling her relationship with Rajeev, Charu maintains they are just co-parents to their daughter, Ziana.

Gujarat's IT exports have surged from Rs 3,570 crore in FY 2019-20 to Rs 8,703 crore in FY 2023-24, driven by digital transformation and sme growth. Despite this, Gujarat still lags behind leaders like Karnataka. Proactive policies, talent development, and improved infrastructure are key factors in its progress. Ahmedabad and Gandhinagar are emerging tech hubs.

Alteria Capital, India's largest venture debt manager, secured an anchor investment from the International Finance Corporation (IFC) in its Shorter Duration Scheme. The fund will address short-term liquidity needs for licensed fintech companies, consumer brands, and EV OEMS, further supporting new economy companies in India.

SEBI has imposed stricter regulations for sme IPOs, introducing a profitability requirement and capping the Offer-For-Sale component at 20%. These reforms ensure smes with a strong track record can raise funds while protecting investors. The new rules also include new shareholding restrictions and limit the misuse of raised funds.

SBI chairman C S Setty stated that most banks lack the risk appetite to fund early-stage startups but are open to funding from Series B stage onwards. He mentioned a potential government guarantee program to support startup loans up to Rs 100 crore. SBI aims to improve its agri-loan vertical by utilizing satellite and other data.

Corporation Bank organized a sme mega expo at Canara High School (main), Dongerkery at Kodialbail here on Saturday. The sme Mega Expo which was specially designed for small and medium enterprises had a total of 16 stalls.

High-frequency indicators such as GST collections, PMI for manufacturing, and non-EV and EV sales reveal signs of economic improvement in India despite global challenges. However, concerns persist over sluggish bank credit growth and continued outflow of Foreign Institutional Investor funds, highlighting the need for targeted policy measures to sustain recovery.

City-based Corporation Bank opened its sme Loan Centre at Kolkata on Tuesday.

BSE (Bombay Stock Exchange) sme on Thursday saw the listing of its 100th sme (small and medium enterprise), capturing a lion’s share of the Indian sme market.

The State Bank of India (SBI) on Thursday announced that it has digitally inaugurated eight new sme branches in Telangana in Balanagar, Bible House, Balkampet, Kattedan, Parishram Bhavan, Yellareddyguda, Huzurabad & Karimnagar.

With an objective to apprise industry members of South Gujarat region on trading the shares and securities of smes, the Confederation of Indian Industry (CII) in association with Pantomath Group has organised an awareness session on 'sme Listing' in the city on Friday.

Leading bourse BSE has tightened eligibility norms for companies seeking to list on its small and medium exchange (sme) platform, which includes mandatory visit by exchange officials to companies' premises.

RBI's proposal to remove foreclosure charges on loans up to Rs 7.5 crore could significantly impact PNB Housing Finance and Aditya Birla Capital, with 27% and 26% of their assets in floating-rate loans, respectively. Banks like Axis, IndusInd, and Kotak Mahindra may also face higher impacts. This move is expected to increase competition and reduce profitability in retail loans, benefiting better-rated NBFCs.

City-based Corporation Bank on Monday opened its exclusive sme loan centre at Ahmedabad. S R Bansal, chairman and managing director inaugurated the fully furnished sme loan centre.