MSMEs in India: Banks Can Deduct Loans to New MSME Borrowers From NDTL for CRR Purpose, Says RBI

New Delhi, February 6: With an aim to incentivise new credit flow to the micro, small, and medium enterprise (MSME) borrowers, all the Scheduled Commercial Banks will be allowed to deduct credit disbursed to ‘New MSME borrowers’. The banks have been allowed to deduct the credit from their net demand and time liabilities (NDTL) for […]