The Reserve Bank of India is looking to revamp the structure of State-Level Bankers’ Committees (SLBC) to facilitate agriculture, micro and small enterprises (MSEs), and other priority sectors’ lending for employment generation, said the bank’s Deputy Governor S S Mundra while addressing bankers …
Tag: S S Mundra
RBI urges banks to look beyond big tickets & focus on MSME lending
Mundra said there are many “strong and logical” reasons to showcase the importance of the MSME sector in strengthening banking industry because big industrial loans have huge problems and banks cannot merely rely on consumer and/or retail loans.
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SIDBI launches Certified Credit Counsellor programme for MSMEs
SIDBI has launched a programme for Certified Credit Counsellor for MSME on July 11. The program was launched by S S Mundra, Deputy Governor at Mumbai and attended by senior officials of RBI, banks and other stakeholders concerning MSME including from industry associations. MSMEs sector faces seve…
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…
SMEs are not major defaulters of bank loans: RBI
Amidst a sense of outrage over big pile of Non-Performing Assets (NPAs) in the public sector banks, the least amount of stress is visible among not- too fancied priority sector borrowers, comprising agriculture and the micro industrial units, according to the latest RBI data. While the ratio of t…