2014-07-22

Bank of Maharashtra plans to lend more to MSMEs

Bank of Maharashtra (BoM) plans to lend more to the MSME and companies in the infrastructure sector this fiscal.

Bank of Maharashtra plans to lend more to MSMEs

Bank of Maharashtra (BoM) plans to lend more to the MSME and companies in the infrastructure sector this fiscal.

 

Sushil Muhnot, Chairman and Managing Director, Bank of Maharashtra said, “BoM had registered a 33.74 per cent growth in credit flow to the MSME sector last year and is eyeing a similar growth rate this year.”

 

“Every year, there has been growth in MSME funding and we expect similar growth this year,” Muhnot added further.

 

Muhnot said the bank was upbeat about increasing its infrastructure portfolio to around 17 per cent this fiscal from the present 14.39 per cent at the end of March 2014.

 

To increase the flow of bank credit to the infrastructure segment, the Reserve Bank of India has exempted long-term bonds used for funding such projects from the maintaining the cash reserve ratio and the statutory liquidity ratio.

 

Muhnot said the bank expects to launch such long-term infrastructure bonds in the next six months. The bonds would be having a minimum maturity period of seven years.

Related opportunities
  • We Jan-Pro is a B2B housekeeping service provider with presence..
    Locations looking for expansion Maharashtra
    Establishment year 2014
    Franchising Launch Date 2015
    Investment size Rs. 50lakh - 1 Cr.
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Consumer Electronics
    Established in the year 2000, Lotus has emerged as the..
    Locations looking for expansion Delhi
    Establishment year 2000
    Franchising Launch Date 2023
    Investment size Rs. 2 Cr. - 5 Cr
    Space required 5000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Delhi Delhi
  • Organic Products
    As a Company M/s. Bridges and Bonds was started by..
    Locations looking for expansion Maharashtra
    Establishment year 2019
    Franchising Launch Date 2022
    Investment size Rs. 5lakh - 10lakh
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Haveli Maharashtra
  • About Us: We wish to provide you a quick overview of Ceeyen and..
    Locations looking for expansion Tamil nadu
    Establishment year 2014
    Franchising Launch Date 2020
    Investment size Rs. 10000 - 50000
    Space required 150
    Franchise Outlets -NA-
    Franchise Type MultiUnit
    Headquater Chennai Tamil nadu
Insta-Subscribe to
The Franchising World
Magazine
tfw-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts

pincode
;
ads ads ads ads