MSME lending: RBI nudges banks to link MSME loans to external benchmark; govt lists wider support measures
Banks must now link loans for micro, small, and medium enterprises to an external benchmark. This move aims to improve monetary policy transmission. The Reserve Bank of India has also reduced the reset period for these loans. Quality control measures are being phased in with specific exemptions for MSMEs.
Banks must now link loans for micro, small, and medium enterprises to an external benchmark. This move aims to improve monetary policy transmission. The Reserve Bank of India has also reduced the reset period for these loans. Quality control measures are being phased in with specific exemptions for MSMEs. What's Your Reaction?
