Tag: Small
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Smart Home Loan Strategy: Save ₹12.18 Lakh with a Small EMI Adjustment
Smart planning can dramatically shorten your home loan tenure — and help you achieve financial stability and freedom years ahead of schedule. A small tweak in how borrowers schedule their EMI payments, according to tax and finance expert CA Nitin Kaushik, could shave off several years from a typical 20–30 year mortgage while saving several lakhs in interest…
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Government to Introduce Low-Interest Credit Cards for Small Businesses by January
The government is set to launch a low-cost Micro Credit Card for small businesses by January, aiming to cut their borrowing costs by up to 50%. Typically, a steep 30–40% annual rates are charged on regular credit cards. Intended to ease short-term working capital stress for micro enterprises, the new card will offer a credit limit of…
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Top 5 Benefits of Shared Hosting for Small Businesses
Top 5 Benefits of Shared hosting for Small Businesses in 2025 Published by DJ Technologies In today’s digital landscape, establishing an online presence is vital for small businesses. One of the most cost-effective and efficient ways to get started is through shared hosting. Shared hosting offers several advantages that can significantly benefit small enterprises, especially…
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Fino Payments Bank Receives RBI Approval to Transition into Small Finance Bank
New Delhi, Dec 6 (KNN) The Reserve Bank of India (RBI) has granted ‘in-principle’ approval to Fino Payments Bank for its conversion into a Small Finance Bank (SFB). As per RBI guidelines, existing Payments Banks which have completed five years of operations are eligible for conversion into SFBs. The central bank said Fino Payments Bank’s…
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Fino’s Transformation: Emphasizing Secured Lending as a Small Finance Bank
The transition will be a cautious one with a focus on secured lending, primarily loans against property (LAP), affordable housing, and, to some extent, gold loans, managing director and chief executive officer Rishi Gupta told Mint in an interview. Unsecured lending will be strictly limited and targeted, he added. Following the RBI’s approval on Friday,…
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South West Small Businesses Recognized as Among the UK’s Most Inspiring
Small Business Saturday UK Dave and Karen Meadows of PUSHED are among the businesses highlighted in the Small Business Saturday campaign Two companies in the south west have been highlighted for their innovation and contribution to the community as part of Small Business Saturday (SBS). The event on Saturday, December 6, encourages the nation to…
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Fino Payments Bank Receives RBI Approval to Become a Small Finance Bank
New Delhi, Dec 6 (KNN) The Reserve Bank of India (RBI) has granted ‘in-principle’ approval to Fino Payments Bank for its conversion into a Small Finance Bank (SFB). As per RBI guidelines, existing Payments Banks which have completed five years of operations are eligible for conversion into SFBs. The central bank said Fino Payments Bank’s…
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RBI Approves Fino Payments Bank’s Transition to Small Finance Bank
Notably, Fino Payments Bank is targeting a profit after tax of Rs 100 crore in the current financial year, according to Chief Executive Officer Rishi Gupta. He had stated that the conversion into a SFB will enable greater control over its product offerings and drive further growth. “We are working on some renegotiation, working on…
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Support Local: West Midlands Encouraged to Back Small Businesses
Handout Becky Forster said the Small Business Saturday event was about backing “the little guy” People have been urged to shop local this weekend as Small Business Saturday shines a spotlight on small firms from artisan makers to family-run shops. As well as pop-up events, seasonal entertainment is offer on many of the region’s high…
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RBI Approves Fino Payments Bank’s Transition to Small Finance Bank
Mumbai: The Reserve Bank on Friday granted ‘in-principle’ approval to Fino Payments Bank Ltd (FPBL) for conversion into a Small Finance Bank (SFB).Fino Payments Bank, which started operations in 2017, had applied for a small finance bank license in October-December 2023. RBI has issued the Guidelines for ‘on tap’ licensing of SFBs in the private…