Clarifying its stand on regulation of micro-finance companies, the government has said that the Reserve Bank of India would continue to regulate MFIs registered as non-banking finance companies (NBFCs) with the central bank. MFIs will not be regulated by the Micro Units Development and Refinance …
Tag: RBI
RBI’s novel method to improve MSME lending
In order to find innovative ways of lending to the MSME segment, Reserve Bank of India’s Pune-based College of Agricultural Banking will conduct a case study competition for the bankers. The topic of the competition is Case Study: Lending to an MSME Borrower in an Innovative Way, RBI said i…
PSU Banks asked to focus on niche areas, infra sharing
The Ministry of Finance (MoF) is keen that public sector banks should carve out a niche in some specific banking sectors and also share the infrastructure. “Have the banks started carving out a niche for them in some specific banking sector such as retail, SME, project finance and geographies so …
Exclusive | All eyes on Budget to empower & enable MSMEs | Ravindra Nath, NSIC MD
If one organization truly believes in the motto ‘Small is big’ it is the National Small Industries Corporation (NSIC). NSIC has worked untiringly towards making a success story of the small and medium enterprises. The ‘Mini-Ratna’ public sector enterprise under the Micro, Small and Medium Enterpr…
BSE – AMU Global Meet on interest-free banking
The Aligarh Muslim University and Bombay Stock Exchange have decided to jointly organize an international conference on interest-free banking in April this year in Mumbai. AMU and BSE took the decision at the visit of a BSE delegation to the university on Saturday. RBI Committee on ‘Medium Term P…
Make MUDRA Independent: CAIT
The Confederation of All India Traders (CAIT) has urged Finance Minister Arun Jaitley to free Mudra from the clutches of Reserve Bank of India by bringing in necessary legislation in Parliament. Mudra should be made an independent regulator to effectively cater to the financial needs of non corpo…
MSME Year-ender for UP
The economic slowdown over the last few years cast a shadow over the Micro, Small and Medium Enterprises (MSMEs) in Uttar Pradesh during 2015. In terms of sick units, Uttar Pradesh brought the curtain down on year just ended with 84,063 such units as per RBI data cited in Parliament by Minister o…
MSMEs in J&K playing vital role in employment generation | RBI
The 32nd Empowered Committee (EC) meeting on Micro Small and Medium Enterprises (MSMEs) in Jammu & Kashmir was held here on Thursday. The meeting was chaired by D Sethy, Regional Director, Reserve Bank of India, Jammu and Kashmir. In his address, he stated that the main purpose of holding th…
MSME rural credit pegged at 21.67K crore in UP
National Bank for Agriculture and Rural Development (NABARD) has estimated the rural credit potential of almost Rs 1,78,000 crore in Uttar Pradesh during 2016-17. The projected outlay of Potential Rural Credit Plan is almost 25 percent higher than the corresponding figure of a little over Rs 1,43…
Flood hit SMEs in Tamil Nadu need Rs 2 lakh/unit for revival
Over 20,000 micro, small and medium enterprises in Tamil Nadu hit by floods in the month of December 2015 will need government financial assistance to get back on their feet. According to the Industrial Estate Manufacturers Association, Guindy, the sector needs financial assistance of at least Rs…