https://www.taxtmi.com/news?id=20921 An online lending portal majority owned by public sector banks and financial institutions was launched to accelerate in principle loan approvals to MSMEs by enabling borrowers to access multiple banks via a FinTech platform, using data driven credit assessment consistent with banks' approved credit policies and including a prima facie check for CGTMSE credit guarantee; this complements government and RBI measures to expand MSME credit through directed lending targets, allocation to micro accounts, simplified working capital norms, specialised branches, and market mechanisms such as TReDS, while banks continue to lend on commercial terms under their board approved policies and RBI guidelines. en-us Fri, 04 Jan 2019 18:43:36 +0530 Fri, 04 Jan 2019 18:43:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=20921 An online lending portal majority owned by public sector banks and financial institutions was launched to accelerate in principle loan approvals to MSMEs by enabling borrowers to access multiple banks via a FinTech platform, using data driven credit assessment consistent with banks' approved credit policies and including a prima facie check for CGTMSE credit guarantee; this complements government and RBI measures to expand MSME credit through directed lending targets, allocation to micro accounts, simplified working capital norms, specialised branches, and market mechanisms such as TReDS, while banks continue to lend on commercial terms under their board approved policies and RBI guidelines. News - Fri, 04 Jan 2019 18:43:36 +0530 https://www.taxtmi.com/news?id=20921