SIDBI partners with VFS to extend MSME loans upto Rs 5 lakh at 13% p.a.

The Small Industries Development Bank of India (SIDBI) has entered into a partnership with VFS Capital to extend loans to the MSME sector, the Kolkata-based microfinance institution said. VFS Capital will extend MSME loans upto Rs 5 lakh at 13 per cent interest rate per annum, a top company official said. "We have tied up with SIDBI to provide loans to the SME and MSME sectors. VFS Capital expects to disburse Rs 30-40 crore under the scheme this fiscal, MD and CEO Kuldip Maity said. The loan book of the MFI during 2022-23 is expected to be around Rs 1,100-1,200 crore from Rs 805 crore in the last financial year, he said. Maity said the company is planning to expand its footprint in the north-western part by launching operations in Rajasthan by the end of January. At present, it operates in 13 states including West Bengal, Assam and Tripura. VFS Capital also plans to add 35 branches within this fiscal, taking the number to 270 across the country. We aim to raise Rs 100 crore in .
16-01-2023

Ind-Ra upgrades issuer rating for Bank of India, cites capital position

State-owned lender has since FY21 reported consistent profitability, says agency
13-01-2023
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BANK OF INDIA - 532149 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

Notice of Bank''s Conference Call with Analysts & Investors for Unaudited (Reviewed) Financial Results for the quarter ended December,2022.
13-01-2023
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BANK OF INDIA - 532149 - Announcement under Regulation 30 (LODR)-Credit Rating

Upgradation of Bank''s Long Term Issuer Rating to "IND AA+"
13-01-2023
Bigul

BANK OF INDIA - 532149 - Reconciliation Of Share Capital Audit For The Quarter Ended December,2022.

Reconciliation of Share Capital Audit for the Quarter ended December,2022.
12-01-2023
Bigul

BANK OF INDIA - 532149 - Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

Certificate of RTA in compliance of Regulation 74(5) of the Securities Exchange Board of India (DP) Regulation,2018.
07-01-2023
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