SME, MSME, RBI, Reserve Bank of India

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SME Times News Bureau | 17 Feb, 2012
The Reserve Bank of India (RBI) Thursday discussed the present financial situation in the country, including those related to the financing of the country's micro, small and medium enterprise sector.

At a central board meeting in Bhubaneswar, chaired by RBI governor D Subbarao, the bank officials discussed issues related to the financing of MSMEs, SHG-Bank linkage programme, recovery climate, rural self-employment training, financial literacy and credit counselling and licensing of district co-operative banks, RBI sources said.

The issue relating to non-performing assets (NPA) with the banks was also discussed, besides the question of interest rate revision was also examined in the backdrop of declining inflation, they said.

In its last monetary policy review on 24th January, RBI announced 0.5 percentage point reduction in Cash Reserve Ratio (CRR) to 5.5 per cent.

RBI's central board meets at least once every quarter.

Apart from holding meetings in Mumbai, Chennai, Kolkata and one in New Delhi, the rest of the meetings are held in other state capitals by rotation.

Besides the governor, directors like Anil Kakodar, M V Rajeev Gowda, Y H Malegam, Dipankar Gupta, G M Rao, Ela Bhatt, Indira Rajaraman and Najeeb Jung attended the meeting in in Bhubaneswar.