The government is prioritizing women entrepreneurs, sustainability, and village industries to enhance the competitiveness of MSMEs and promote the adoption of a circular economy model, as stated by Mercy Epao, joint secretary of the micro, small, and medium enterprises ministry.
Arvind Kapil, the current head of the mortgage portfolio at HDFC Bank, is poised to join Poonawalla Fincorp as its MD and CEO, succeeding Abhay Bhutada. Kapil brings extensive experience managing a loan book of over ₹7 lakh crore and overseeing the merger of HDFC with HDFC Bank.
DBS Bank India has allocated $250 million (around ₹2,000 crore) to lend to startups amidst a prolonged funding downturn. Rajat Verma, head of institutional banking at DBS Bank India, highlighted the sector’s increased focus on profitability and efficiency, making it an opportune time for support.
The bank intends to support startups across various sectors including healthcare, technology, AI in financial services, transportation, logistics, retail, waste management, and supply chain logistics. Leveraging its corporate banking network, DBS plans to offer a range of financial products and digital solutions tailored to startups’ needs, with a focus on sectors like mobility and clean-tech.