KNN walks the talk with SIDBI GM on various issues (Watch Full Intv)

New Delhi, Jan 23 (KNN) RBI is working to bring down the interest rates for MSMEs, said SIDBI General Manager Krishna Mani Iyer in an exclusive interview to Knowledge & News Network. Taking about the high interest rates that the MSMEs have to pay in comparison to the larger players, the banker said that if the MSMEs that operate are highly risky, they have to be charged, but at what rate that the market has to decide.
 
“RBI will fix some rate, as a base rate, based on which the banks will fix some rate and based on that the banks will have to have some cost, profit margin plus the risk premium,” he said.
 
Iyer spoke on various issues concerning the sector including MUDRA-SIDBI, start-ups, new initiatives and more. Watch Full Exclusive Interview. (KNN Bureau)