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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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Infosys Q3 results: 5 things to watch for tomorrow

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Vivo V20 Pro India Launch Confirmed for December 2: Expected Price, Specifications

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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