SME Times is powered by   
Search News
Just in:   • Adani Group to invest Rs 57,575 crore in Odisha  • 'Dollar Distancing' finally happening? Time for India to pitch Rupee as credible alternative: SBI Ecowrap  • 49% Indian startups now from tier 2, 3 cities: Jitendra Singh  • 'India ranks 3rd in global startup ecosystem & number of unicorns'  • LinkedIn lays off entire global events marketing team: Report 
Last updated: 16 Jun, 2018  

msme-THMB-2010.jpg Lend more to MSMEs, RBI urges NBFCs

industry-msme-middle.jpg
   Top Stories
» 49% Indian startups now from tier 2, 3 cities: Jitendra Singh
» 'India ranks 3rd in global startup ecosystem & number of unicorns'
» Tripura exported over 9K tonnes of pineapples in 2 years
» CPI inflation eases to 6.71% in July, IIP falls to 12.3%
» Rupee depreciates 12 paise to close at 79.64 against US dollar
SME Times News Bureau | 16 Jun, 2018

Non-banking financial companies (NFBCs) need to focus more on medium and small enterprises, the returns from which are much higher than from large corporates to whom NBFCs have much larger exposure, a top Reserve Bank of India (RBI) official said recently.

The RBI also asked NBFCs to meet the legitimate funding needs of the micro, small and medium enterprises (MSMEs).

"NBFCs are trying to be the mirror image of banks, as much of your lending now is towards large corporate and your lending to MSMEs is not much, where you get better margins," RBI Chief General Manager (department of non-banking supervision) P. Vijaya Kumar said at an event here organised by the Indian Merchant Chamber.

"This is despite the fact that by lending to large corporates NBFCs are getting lower returns than what they would have got from by lending to MSMEs," he said.

"When you are lending, you cannot give on money to everybody. You need to finance those activities that are relevant. If you look at global value chains and get finance done then you won't get into any losses," he added.

 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

MSME support
Dr NARAYANRAO LS agrorao.india@gmail.com | Fri Jun 22 23:34:08 2018
Thanks a lot for cosidering MSMEs Support i would like to say pl supportc technical graduates like Young engineers deplamo holders paramedical graduates Agricultural hirticultural graduates interested in sustainable agriculture developments organic AVP (agro-vet and pharma)concentrated small organisations for building a strong and healthy India and globe for the next generation Interested pl feel free to contact Dr NARAYANRAO LS BSc agri with 40yrs rich experience as serving thousands of small medium faemers in india wirh many new innivative ideas for Sustainable AVP projects and supporred by big team if engineers doctors afri reasearch scientists in india


Lending to MSMEs
Milan Mehta | Wed Jun 20 14:07:53 2018
Financers always look at assured returns and not always % return. Unfortunately MSMEs lack in providing all relevent data in short time, which are required for ascertaining quantity, period and rate of interest for the NBFC. That maybe the main reason for the NBFC avoiding them......Milan from A Micro industry.


 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 13 Aug, 2022
  Daily Poll
PM Modi's recent US visit to redefine India-US bilateral relations
 Yes
 No
 Can't say
  Commented Stories
» GIC Re's revenue from obligatory cession threatened(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter