The Reserve Bank of India is working towards a formal co-origination model to give a boost to the flow of credit to the Micro, Small and Medium Enterprises (MSME) sector, SS Mundra, Deputy Governor, said. A Co-Origination model is not about a bank financing a micro-finance institution (MFI) or no…
Tag: SS Mundra
RBI asks banks to collaborate with Fintech cos to bridge funding gap for SMBs
Mumbai: The RBI deputy governor has said that in view of the competition from fintech companies, banks should reorient their business model and look at collaborating with more efficient players after assessing the likely impact of disruption. Delivering the inaugural address at a seminar organise…
Bank NPAs rise, loans slow down in Sept quarter: RBI
While the share of non-performing assets (NPAs) in the banking system has risen in the September quarter, the formation of fresh bad loans has slowed down, Reserve Bank of India (RBI) Deputy Governor SS Mundra said on December 7th. “While there has been an incremental percentage of gross NPAs and…
Enhance credit absorption capacity of weaker sections, RBI tells financial intermediaries
The Reserve Bank of India wants financial intermediaries such as banks and non-banking finance companies to focus on a ‘3x3x3’ matrix so that small and marginal farmers, micro and small enterprises (MSEs), and low-income earners in the unorganised sector are financially included. Speaking at a BR…