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Updated on: Wednesday, May 29, 2019, 03:43 AM IST

Reserve Bank of India governor to meet non-banking finance companies, micro, small and medium businesses representatives next week

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Mumbai: Reserve Bank of India governor Shaktikanta Das Wednesday said he will be meeting the representatives of non-banking finance companies (NBFCs) and small businesses next week. Das had already met the heads of state-run banks in two installments and private sector bankers last month. The move comes a day after the central bank allowed recast of loans of up to Rs 25 crore for micro, small and medium businesses (MSMES). NBFCs were reportedly peeved at Das’ predecessor Urjit Patel for not granting an audience to explain problems.

“Will hold meetings with MSME associations and representatives of NBFCs next week,” Das wrote on the micro-blogging website Twitter. Das had hinted towards a more conciliatory approach, taking the views of all the key stakeholders on board, hours after assuming charge following the surprise resignation of Patel and had already met the heads of state-run lenders and followed it up with private sector ones.

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Published on: Thursday, January 03, 2019, 07:00 AM IST
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