Roll out agreed steps, govt may insist at RBI board meet today
Dear all,
Your association is forwarding herewith an article published in Times of India, Mumbai Edition on dated 19.11.2018 regarding “Roll out agreed steps, govt may insist at RBI board meet today”.
As reported first by TOI on November 2, RBI, under governor Shri Urjit Patel, shied away from making decisions taken at the October 23 board meeting public, even though they had been agreed upon. People close to the situation indicated that at Monday’s meeting the two government representatives on the board will want RBI to announce the agreement that had been reached on easing credit flow to micro, small and medium enterprises (MSMEs), a revamped prompt corrective action (PCA) framework for weak banks, and alignment of capital norms for Indian lenders in line with international standards instead of making them more stringent. The government sees these as crucial steps to ensure more lending.
For more detail, please go through the full article attached herewith.
This is for your kind information.
Thanking you,
With regards,
For Silvassa Industries & Manufacturers Association,
Narendra Trivedi,
Secretary
