Wednesday, June 5, 2019

Govt will offer all support & incentives for the growth & development of SMEs

MSME News, Goa | The Reserve Bank of India (RBI) has made changes in the guidelines on 'Large Exposures Framework' (LEF) for banks with a view to reduce the concentration of risk and align them with the global norms.

The new framework, however, also makes it possible for government entities to borrow more, as they will not be considered part of a group of connected entities.

The Central Bank released amendments that have been incorporated, the bank said in order to capture exposures and concentration risk more accurately and to align the above instructions with international norms.

Read More: https://knnindia.co.in/news/newsdetails/state/govt-will-offer-all-support-incentives-for-the-growth-development-of-smes-goa-cm

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