The credit policy announced by Reserve Bank of India (RBI) has direct and indirect effects on MSMEs. They are meant for stepping up credit flow to small and medium enterprises and all public sector banks need to implement them to help the credit become accessible.
- The RBI has decided to make ...
Assocham asks RBI for higher investment criteria for MSMEs as well as exemption from the base rate
By
Biz2Credit Advisor
The Reserve Bank of India should keep the country's micro, small and medium enterprise (MSME) sector outside its proposed base rate regime which will be the new benchmark lending rate for banks from July 1, the Associated Chambers of Commerce and Industry urged the central bank on Tuesday. Keeping MSMEs outside base rate regime would enable this sector access liquidity at ...
TAGS Tags: ASSOCHAM, Associated Chambers of Commerce, commercial banks, Reserve Bank of India, small and medium enterprise
CATEGORIES Small Business News
Industry body Assocham asked the Reserve Bank of India to allow foreign institutional investors (FII) to participate in debt markets as a way to maintain stability in the market, said LiveMint.com. Assocham pushed for measures to strengthen the debt market in advance RBI’s upcoming monetary policy. In April RBI slashed short-term lending and borrowing rates by 25 basis ...
The industry body ASSOCHAM urged the Reserve Bank of India to maintain interest rate levels to allow India Inc.'s expansion plans to go continue. President Sajjan Jindal cautioned that changes in the credit reserve ratio (CRR) of 8.75% and repo rate of 8.5% would make credit too costly to permit expansion and modification in the industry. At the same time, ...
TAGS Tags: ASSOCHAM, credit reserve ratio (CRR), India Inc, interest rate levels, repo rate, Reserve Bank of India
CATEGORIES Small Business News
The Punjab & Sind Bank (P&S Bank) is seeking clearance from the government to buy a 30 percent stake in the Small Industries Development Board of India (SIDBI) in a private placement deal. The transaction would also require special clearance from the Reserve Bank of India, which allows companies to invest only 10 percent equity in banks. The bank expects to ...
