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RBI Governor meets private sector lenders to discuss flow of credit to MSMEs, liquidity issues

Updated: Dec 28, 2018 08:30:26am
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RBI Governor meets private sector lenders to discuss flow of credit to MSMEs, liquidity issues

Mumbai, Dec 28 (KNN) The recently appointed Governor of Reserve Bank of India (RBI) Shaktikanta Das reportedly met top private sector lenders and discussed liquidity issues and the flow of credit to MSME sector.

Das had already held two meetings with the public sector lenders after his appointment as the RBI Governor on December 12.

According to a media report, one of the bankers who attended the meeting said there were discussions on the ways to improve the flow of credit to medium and small industries and also on the present liquidity situation.

At the past two meetings held between RBI and state- run banks, Das had deliberated on the prompt correction action framework.

Recently, the RBI also said it would form an expert committee to propose long-term solutions for the economic and financial sustainability of the MSME sector.

The panel's composition and its terms of reference will be finalised by the end of December, the RBI said in 'Statement on Developmental and Regulatory Policies'.

The report of the panel will be submitted by the end of June 2019.

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