SBI posted a consolidated net profit of ₹77,561 crores (approximately $9.2 billion) in FY 25. According to Bloomberg data, this places SBI among the world’s most profitable companies, alongside global giants such as Alphabet, Apple, NVIDIA and JPMorgan Chase. State Bank of India (SBI), the country’s largest public sector lender, has emerged as the most […]
Continue Reading
The Indian Government is exploring extending its Mutual Credit Guarantee Scheme for MSMEs to specific services sectors that support local manufacturing, aiming to bridge the higher credit gap faced by services. With the services sector facing a higher credit gap, the Centre is considering extending the credit guarantee cover under the newly launched Mutual Credit […]
Continue Reading
Bank loans sanctioned to MSMEs increased in FY 22 in the wake of the covid-19 pandemic and continued to increase till FY 24. The decline is significant since MSMEs contribute around 29% to India’s GDP. Bank loans sanctioned to India’s micro, small and medium enterprises (MSMEs) under the Prime Minister’s Employment Generation Program (PMEGP) dipped […]
Continue Reading
Reader / Viewer discretion and disclaimer :
The information provided on SMEConnect (www.smeconnect.in) website is intended for general informational purposes only. While we strive to provide accurate and up-to-date information, we cannot guarantee the accuracy, completeness, or reliability of the content. The views and opinions expressed in the articles and posts on this website are those of the authors and do not necessarily reflect the official policy or position of SMEConnect website. Readers are advised to independently verify any information found on this website before making decisions based on it. We do not endorse, represent, or warrant the accuracy or reliability of any third-party content linked on this site. Furthermore, SMEConnect (www.smeconnect.in) website shall not be held liable for any errors, omissions, or delays in the information provided, nor for any losses, injuries, or damages arising from its display or use. Please note that the content on SMEConnect (www.smeconnect.in) website may be subject to change without notice.
