Showing posts with the label MSME Council

Smart Finance for Smart SMEs I Digital Assocham

Smart Finance for Smart SMEs I Digital Assocham

Banks are feeling constrained by the new RBI norms for NPAs. This was said by the Director, External Affairs, Power2SME – H. P. Kumar. He was speaking at the ASSOCHAM’s conference on Smart Financing for Smart SMEs in New Delhi. 

He added that since the situation demands such measures, the banks must follow the rules. Addressing the gathering Vice President for Business Development, Capital Float – Vaibhav Singh observed that humans accumulated and stored enormous data during recent years. 
He added that today lenders can leverage all sorts of data to better assess the creditworthiness of prospective clients. Also present on the occasion was the Regional Head – North for SMEs, Hero Fincorp – Parminder Singh Cheema who noted that the there was great demand for finance for SMEs. He stated that SMEsare vulnerable not only to over-financing but also under-financing. 
He also pointed out the role that NBFCs can play in providing SMEswith acces…