KITCO, a technical consultancy organisation established by various commercial banks and the Small Industries Development Bank of India (SIDBI), is the lone bidder that has evinced interest in preparing a detailed project report (DPR) to convert the Kozhikode Bypass into a four-lane carriage way.
Tag: SIDBI
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SIDBI to get JICA aid for MSME initiatives
The Small Industries Development Bank of India (SIDBI) has signed a loan agreement worth about Rs 1,800 crore with Japan International Cooperation Agency (JICA)
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Green indl estate in Coimbatore
The Coimbatore Small Industries Association (Codissia) is on its mega initiative of promoting a green industrial estate on the outskirts of Coimbatore.
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SIDBI chief expects consolidation in MFI sector
Speaking at a seminar organised by FICCI, Sushil Muhnot, CMD, of Small Industries Development Bank of India (SIDBI) said the margin cap imposed by Reserve Bank of India (RBI) for microfinance institutions (MFIs) would lead to consolidation in the sector. In order to prevent MFIs from charging usurious interest rates, the RBI earlier imposed a 12 per cent margin cap, which is the difference between cost of fund
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SIDBI to issue bonds, other instruments worth Rs 135 bn
In 2013-14, Small Industries Development Bank of India (SIDBI) plans to issue bonds and other instruments with a cumulative worth of Rs 13,500 crore to expand its business operation, agency reports indicate. The development bank would issue various instruments including bonds, Certificate of Deposits (CDs) and fixed deposits to raise the
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Innovative means to infra finance
Over the past few years, the government has changed its policy strategy from establishing institutions to creating mechanisms. Innovative methods can unlock financial potential better for the infrastructure sector, writes Dhruba Purkayastha. The much-hyped one trillion dollar investment required for infrastructure sector in India has been publicised well by the government as a huge investment opportunity.
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Govt relaxes overseas borrowing norms
A high level committee on External Commercial BorroĆĀwings (ECB) relaxed several norms on overseas borrowings by Indian financial institutions and companies.
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IIFCL becomes non-banking finance firm
The Reserve Bank of India (RBI) will now regulate India Infrastructure Finance Company (IIFCL). The Union Cabinet approved a proposal in this regard.