Browsing: Reserve Bank of India

The RBI Governor has announced measures for cash-starved enterprises in the MSME and SMB sectors. Banks can now deduct credit disbursed for new MSME borrowers from their NDTL for calculation of CRR.

Crisil report says that the pain will radiate as India Inc heads towards approximately 15 per cent decline in revenue and approximately 25 per cent fall in earnings before interest, taxes, depreciation and amortisation (Ebitda).