Tag: RBI

India’s growth story is not inevitable: Former RBI governor D Subbarao

Former Reserve Bank of India governor Duvvuri Subbarao has said that there are several challenges that need to be addressed before the Indian economy could take off. “India’s growth story is not inevitable,” he said. He was delivering the inaugural anniversary lecture: “India: Will the Elephant s…

‘Timely payments for MSMEs are crucial’

It is a well-known fact that the economic success of developed economies is driven significantly by micro, small and medium enterprises (MSMEs). MSME development, especially access to finance, has been a focus area in India too. However, despite being a prime policy focus, MSME access to finance …

How RBI can empower NBFCs to face challenges

A survey conducted across 540 SMEs by the Firstbiz and Greyhound Knowledge Group in 2016 reports, that over 500 SMEs in this country found ‘lack of easy finance and credit instruments’ to be their most critical challenge.