A day after Reserve Bank of India (RBI) Governor Urjit Patel signalled a shift in the central bank’s stance towards tackling bad loans, Finance Secretary Ashok Lavasa on October 5, backed the new approach, saying state-run banks need to find practical ways out of the stagnation in loan growth. Pa…
Tag: Reserve Bank of India (RBI)
RBI proposes norms for investment in overseas start-ups
The Reserve Bank of India (RBI) on September 30 came out with a draft framework to facilitate investment in overseas technology funds which deploy money in start-ups abroad. The RBI said such investments do not meet the eligibility norms for making overseas direct investments under the automatic …
Banks advised to push cash flow-based lending to MSMEs
In a bid to increase the institutional credit flow to micro, small and medium enterprises (MSMEs), banks can explore cash flow-based financing, as its funding to the sector is “not as per expectation“, a senior government official has said. “Overall credit growth to the MSME se…
RBI formulating framework to ease flow of credit to MSMEs
CII-CRISIL Report recommends action points to increase MSME ratings The Reserve Bank of India (RBI) is initiating a process for putting in place a framework for accreditation of credit counsellors who are expected to serve as facilitators and enablers for micro and small entrepreneurs. RBI Deput…
RBI empowered committee reviews MSME credit aims to offer solutions to its woes
In a forum to review the credits of select start-ups, Reserve Bank of India (RBI) at its Empowered Committee meet on Medium Small and Micro Enterprises (MSME) here on Wednesday had invited a clean energy start-up Avant Garde Innovations being the first in the UN campaign for environmental sustain…
Need for tweaking laws and rules for preventing NPAs in MSMEs
The Micro, Small and Medium Enterprises (MSMEs) are the largest vendors for the Union and State governments in defence, aeronautics, electronics, safe drinking water equipment and services, medical and pharmaceuticals, solar equipment and servicing. The MSME Development Act (MSMED) also provided …
Banks look to cash in on start-up wave by carving a new segment
Many banks have established a separate internal segment to cater to the needs of start-up entities, as they see value in building a relationship with some of these expected to become large companies in years to come. “For the first time in our country, entrepreneurship is being promoted in …
ARCIL to focus on loan recovery from retail borrowers, SMEs
In a strategy shift, Asset Reconstruction Co. (India) Ltd (ARCIL) has decided to focus on recovering loans from retail borrowers and small and medium enterprises (SMEs), while looking at mid-sized companies on a selective basis. Vinayak Bahuguna, managing director and chief executive officer of t…