ENA MSME 2019-04-05 06:00:07 <p><strong>New Delhi, Apr 5 (KNN)</strong> Even though the credit demand is growing at a healthy 14%, Reserve Bank of India's Governor Shaktikanta Das said it is not broad-based while those to Micro, Small and Medium Enterprises (MSME) have been muted so far.</p> <p>Addressing the press conference after the monetary policy review, Das said credit growth to the critically important MSME sector remains muted .</p> <p>Das said the RBI will continue to watch macroeconomic factors and will act timely on the same.</p> <p>Credit flows to micro and small as well as medium industries remained tepid, though it has improved for large industries, resolution of the monetary policy committee read.</p> <p>The Reserve Bank for the second consecutive time cut the benchmark rate 0.25% on expected lines and the MPC voted for the stance of the policy to be kept at neutral .</p> <p>At the second policy review under Das, the six-member Monetary Policy Committee voted 4:2 in favour of the rate cut.</p> <p>The benchmark interest rate was cut by 0.25% to 6%, a move that will result in lower cost of borrowing for the banks that are expected to transmit the same to individuals and corporates. <em><strong>(KNN/JM)</strong></em></p> <p><iframe frameborder="1.5" height="500" id="mgiframe" src="//mg.mgid.com/mghtml/framehtml/c/k/n/knnindia.co.in.338951.html" width="100%"></iframe></p> 22403 https://knnindia.co.in/news/newsdetails/msme/credit-growth-to-msme-sector-remains-muted-das 2019-04-05 06:00:07 knnindia.co.in