ICICI Bank and Small Business FinCredit will jointly provide loans worth up to Rs 1 crore to the small and medium enterprises. ICICI Bank on Friday said it has singed a memorandum of understanding with Small Business FinCredit India Pvt Ltd (SBFC) to jointly provide credit to micro, small and medium enterprises (MSMEs). ICICI Bank, Small Business FinCredit join hands to provide loans to MSMEs The partnership has been forged under the aegis of RBI’s circular dated September 21, 2018, that permits banks to engage with a non-banking financial company (NBFC) to co-originate loans for the creation of priority sector assets, the bank said. It is the first-of-its-kind programme by a bank and an NBFC, it said, adding the loans of up to Rs 1 crore is for a tenure of 15 years per customer. Under this arrangement, ICICI Bank will co-originate loan against property with SBFC at a mutually agreed ratio. The flow of funds from ICICI Bank will help customers aid their businesses in a seamless ma...
Bengaluru: Another quarter and another downward revision in growth. Infosys Ltd is expected by at least three brokerages to scale down its full-year dollar revenue growth for the third time this year when India’s second-largest software firm declares its third quarter results on Friday. This is not surprising, considering the negative cross currency impact and also partially, on account of management’s inability to give a firm guidance. Still, 2015-16 is turning out to be roller-coaster ride for Infosys chief executive officer (CEO) Vishal Sikka. Till a year ago, Sikka seemed to have settled well and appeared to be enjoying his job (from playing cricket with employees in Mysuru to the after-results parties with senior management ranks). By December, Sikka came across as a different boss, unhappy with the progress made by the company, and heard telling his colleagues how he has been unable to implement things he had planned when he took over the current job in August 2014. I...
Vivo V20 Pro is set to launch in India on Wednesday, December 2, the Chinese company confirmed through a media invite. The flagship Vivo phone was unveiled alongside Vivo V20 at an event in Thailand in September. Key highlights of Vivo V20 Pro include dual selfie cameras, the Qualcomm Snapdragon 765G SoC, and 33W fast charging support. The smartphone also comes preloaded with a list of camera-focussed features that include Dual-View Video, Slo-Mo Selfie Video, Super Night Mode, and Motion Autofocus, among others. Vivo V20 Pro India launch date As per a ‘block your date’ invite sent to the media, the Vivo V20 Pro India launch will be held on December 2. The company is likely to host a virtual event to announce the arrival of the new phone.
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