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ICICI Bank, Small Business FinCredit join hands to provide loans to MSMEs

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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...
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EzyStayz Kicks Off Its First Exchange Listing With Foblgate

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EzyStayz joins forces with DexOne to launch new tokens on Korean exchange Foblgate Press Release – updated: Apr 21, 2020 14:00 EDT SYDNEY, April 21, 2020 (Newswire.com) – The only Australian-owned global holiday rental website “EzyStayz” has released their own cryptocurrency “EZY” which will be launching on the Korean exchange Foblgate on the 21 April at an introductory price of 0.005 USD. EzyStayz has 1 million listings in 205 countries around the globe, which include 80,000 + destinations worldwide and 1982+ Hotels Chains & Boutique resorts. EzyStayz has enhanced its travel experience by introducing gaming elements to its product offering a different marketing approach towards their customers allowing them to play and win their accommodation booking for free. Foblgate is one of the largest exchanges in South Korea, a country that is responsible for approximately 35% of all global crypto trading. Foblgate is soon to announce a partnership with Binance, so it is a gre...
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India to decide October-March borrowing at September 28 meeting: Finance Ministry source

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India will decide its October-March government borrowing amount on Thursday, a finance ministry official said on Tuesday. The government has said it will borrow 3.72 trillion rupees ($56.92 billion) via bonds during April-September, comprising 64 percent of its full-year borrowing. However, market participants expect the government to borrow more than the estimated amount in the second half of the fiscal year ending March, given its plans for fiscal stimulus to boost the economy which will entail higher-than-budgeted spending.
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