Articles published by the Times of India, Mumbai Edition and local newspaper Asli Azadi.
Dear all,
Your association SIMA is forwarding herewith articles published by the Times of India e-paper, Mumbai Edition and Asli Azadi dated 27.11.2019.
1. Watch out for rising bad loans under Mudra scheme: RBI - (Times of India e-paper, Mumbai Edition)
(Banks Need To Focus On Repayment Capacity, Says Dy Guv)
The RBI has asked banks to monitor loans under the Mudra scheme over concerns of growing levels of nonperforming assets (NPAs) in that category. The warning comes a few months after RBI governor Shaktikanta Das, in a meeting with banks, pulled them up for loose monitoring of these loans in the light of rising defaults.
“Banks need to focus on repayment capacity at the appraisal stage and monitor the loans through the life cycle much more closely,” said RBI deputy governor M K Jain. “The Mudra is a case in point… while such a massive push would have lifted many beneficiaries out of poverty, there have been some concerns over the growing level of NPAs..... To read the full article PLEASE CLICK HERE.
2. Newspaper article published by the local newspaper Asli Azadi, dated 27.11.2019.
To read the full article PLEASE CLICK HERE.
This is for your kind information.
Thanking you,
With regards,
For Silvassa Industries & Manufacturers Association
Narendra Trivedi
Secretary
