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2010-08-09

SBI Capital to pump in Rs 100 crore in SME, launches a SME fund

With an aim to bring in more capital and attract more private equity investment in the small and medium enterprises (SME), SBI Capital Markets Ltd, a wholly owned subsidiary of State Bank of India is

With an aim to bring in more capital and attract more private equity investment in the small and medium enterprises (SME), SBI Capital Markets Ltd, a wholly owned subsidiary of State Bank of India  is all set to develop a SME fund with an initial amount of Rs 100 crore in the next one and half years.

In India, SME’s have not been able to generate huge interest from private players due to its low capital strength. It is expected that this new dedicated fund for small and medium enterprises will inject the fund required for its proper business growth.

This move may also lead to a fall from the contributions made by the investment advisory arm which makes up close to 60 per cent of the total revenue.

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