RBI
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Opportunity India Desk Dec 13 2023 - 3 min readThe Jocata-Sumpoorn index, a key indicator of sales activity for credit-seeking micro, small, and medium enterprises (MSMEs), surged to 0.62 in October, signaling a shift from the mild expansion zone, observed over the past five months, to moderate. The rising index suggests a potential breakthrough towards robust growth in the coming months.
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Opportunity India Desk Dec 08 2023 - 7 min readThe Monetary Policy Committee (MPC) headed by RBI Governor Shaktikanta Das on Friday opted to maintain the repo rate at 6.5 per cent following a comprehensive evaluation of the evolving macroeconomic developments. This is the fifth consecutive meeting in which the MPC has chosen to maintain the existing status on the repo rate. ...
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Opportunity India Desk Dec 05 2023 - 3 min readIn the latest sectoral deployment data released by the Reserve Bank of India (RBI), scheduled commercial banks extended a gross bank credit of INR 23.15 lakh crore to micro, small, and medium enterprises (MSMEs) under priority sector lending in October. The figure reflects an increase of 22.8 per cent compared to the INR ...
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Opportunity India Desk Nov 24 2023 - 3 min readThe Finance Industry Development Council (FIDC), representing non-banking financial companies (NBFCs), has urged the Reserve Bank of India (RBI) to reconsider the substantial hike in risk weights on bank loans to the NBFC sector. The council has also called for a review of risk weights on NBFCs, particularly those primarily engaged in lending ...
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Opportunity India Desk Nov 15 2023 - 2 min readThe Small Industries Development Bank of India (SIDBI), in collaboration with Jocata, a financial advisory and technology firm, introduced an MSME Economic Activity Index called ‘Sumpoorn’. The index, based on consent-led and anonymized monthly sales data from over 50,000 MSMEs seeking credit, will utilize official GSTN returns from October 2019 to the present, ...