Deputy Governor

MSMEs usually chorus from invoking statutory provisions in opposition to consumers over delayed funds: RBI Dy Guv Swaminathan

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MSMEs (micro, small and medium enterprises) usually chorus from invoking statutory provisions, which entail penalties, in opposition to consumers delaying funds because of weak bargaining energy and the concern of shedding future enterprise alternatives, mentioned Swaminathan J, Deputy Governor, Reserve Financial institution of India. “MSMEs generally encounter a persistent subject of delayed funds. The delay … Read more

Over-reliance by NBFCs on retail unsecured lending, top-up loans and capital market funding might convey grief: RBI Dy Guv Swaminathan

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Highlighting the flowery amongst most non-banking monetary firms (NBFCs) to do extra of the identical factor, resembling retail unsecured lending, top-up loans or capital market funding, RBI Deputy Governor Swaminathan J cautioned that over reliance on such merchandise might convey grief in some unspecified time in the future in time later. Swaminathan requested the heads … Read more