Question
Small Industries Development Bank of India (SIDBI) plans
to float a Rs 10,000-crore rights issue next fiscal to expand its equity capital. What is the expected growth in assets for SIDBI, from March 2023 to March 2024?Solution
Small Industries Development Bank of India (SIDBI), which refinances SME loans, plans to float a Rs 10,000-crore rights issue next fiscal to expand its equity capital as it expects to grow assets to Rs 5 lakh crore by March 2024 from about Rs 4 lakh crore in March 2023.
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