Financial performance highlights for Small Industries Development Bank of India (SIDBI), the all India financial institution engaged in creating an integrated credit and development support ecosystem for Indian Micro, Small and Medium Enterprises (MSME).

 Mohammad Mustafa, IAS, Chairman & Managing Director, SIDBI said, “Credit growth to the MSME sector is on a firm footing and aggregate MSME lending as a proportion to the Gross Domestic Product is on the rise. This has helped us achieve such encouraging financial performance. During the fiscal, our asset book has grown over 42% and net profit has grown over 36%compared with FY18. For FY20, our focus will be to sustain growth momentum, build scalable and profitable franchise focused on MSME development and financing.”

Published On : 18-05-2019

Source : Daily Pioneer