RBI Forms Expert Panel On MSMEs Under Ex-SEBI Chief UK Sinha


The Reserve Bank of India (RBI) set up an expert committee under former Sebi chairman U.K. Sinha to suggest long-term solutions for the economic and financial sustainability of the MSME sector. The eight-member committee will also examine the factors affecting the timely and adequate availability of finance to the sector.

RBI has announced the panel a day after it allowed a one-time restructuring of existing debt up to INR 25 crore for the micro, small and medium enterprises (MSMEs) which have defaulted on payment but the loans given to them have continued to be classified as standard assets.

Source: The Livemint

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