ENA MSME 2019-01-24 08:14:31 <p><strong>Mumbai, Jan 24 (KNN)</strong> The Oriental Bank of Commerce (OBC) will offer concession on interest rates to micro, small and medium enterprises (MSMEs) with good CIBIL MSME Rank (CMR).</p> <p>Oriental Bank of Commerce is committed to driving access to finance for MSMEs while ensuring profitable growth of credit portfolios. By offering a lower rate of interest to our MSME customers who have a good credit history and CMR, we are rewarding good borrowers and promoting a disciplined credit culture along with ensuring healthy quality of our MSME portfolio, said Mukesh Kumar Jain, Managing Director &amp; Chief Executive Officer, Oriental Bank of Commerce.</p> <p>The bank will offer up to 0.25 percent concession on interest rates to MSMEs with CMR1 to CMR3 and internal risk rating of OBC1 to OBC3.</p> <p>CMR uses machine learning algorithms to predict the probability of an MSME becoming NPA in the next 12 months.</p> <p>CMR provides a rank to the MSME based on its credit history data on a scale of 1 to 10, CMR 1 being the best possible rank for the least risky MSMEs and CMR 10 being the riskiest rank for MSMEs.</p> <p>The lower the CMR, the lower the risk of NPA associated with the MSME.</p> 21877 https://knnindia.co.in/news/newsdetails/msme/msmes-with-good-cmr-will-get-concession-on-interest-rates-from-oriental-bank 2019-01-24 08:14:31 knnindia.co.in