A business loan often is the answer to several financial problems and crises, small businesses and start- ups usually face. While getting a business loan is a slightly long and complicated process, the key lies in knowing how to do it and get the best terms. To improve your chances of getting the loan approval, […]
ICICI Bank, one of India’s leading private sector banks, has entered into a partnership with New Development Bank, a banking institution promoted by BRICS Grouping, for human resources development, treasury management, co-financing and bond issuance. This is a landmark agreement as ICICI Bank has become the first bank in India to ink an agreement with […]
The 2017 Budget saw a key initiative for small and medium-sized enterprises (MSMEs). Finance Minister Arun Jaitley announced in the Lok Sabha today that the corporate income tax rate for businesses with turnover less than or equal to Rs. 50 crore will get a 5% reduction in corporate income tax. This means that the corporate […]
India is blessed with a young population and a middle class that continues to aspire to rise further. However, these high aspirations need fuel in the form of funding and individuals are turning to loans to invest in their future through education, homes and much more. The fast paced expansion of various loan segments in […]
With the Indian government promoting entrepreneurship through such initiatives as Start-up India and tax breaks, starting a business of your own no longer seems far-fetched. But very often, we are not able to convert our ambition into reality due to lack of monetary support. However, don’t let money be a deterrent, especially when business loans […]
Businesses need a regular funds flow for managing their varied financial requirements. Most of the expenses can be met from revenues but there are times when a larger expenditure needs to be incurred for future betterment of the company. Business loans are meant for such situations. Business owners, whether they are entrepreneurs or established businessmen, […]
IDBI (Industrial Development Bank of India) Bank, a leading public sector bank in the country, has initiated operations at its Gujarat International Financial Tec-City (GIFT City) branch. This is a landmark event as IDBI Bank has become the first public sector banking institution in the country to open an IBU (international banking unit) inside the […]
Federal Bank, Yes Bank, ICICI Bank and Kotak Bank have emerged as first movers in initiating GIFT (Gujarat International Finance Tec) City operations. GIFT City has been developed to meet various offshore banking requirements of Indian companies with overseas operations. The newest of these offshore banking branches was opened by Kotak Bank, while Yes Bank, […]
