By Salona Mittal and Priyesh Srivastava At the cost of repetition, it must be acknowledged that the spread of COVID-19 has savaged the world and has practically brought it to a stand-still. This unprecedented global pandemic has challenged not only the society at large, but also the organs of the State. In a recent note […]
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Jamshedpur, July 11: A two day workshop for MSMI bank branches in the East Singhbhum district conducted by Reserve Bank of India (RBI) Ranchi was inaugurated today by the Bank’s General Manager and Executive Officer Sanjiv Dayal.
In his inaugural address Sanjiv Dayal cast light on the role of MSMI in the development of the country’s economy. He stressed on timely and sufficient credit flow to industrial units and to ‘hand hold’ sick units towards financial recovery. “Bankers should make it a point to study causes of economic instability of industrial units and provide timely financial ‘nursing’ to such units. The RBI directives are to be followed,” he observed and added, “Bankers should be sensitive to the financial needs of industrial units. You should try and understand the nature of production of the units and if and when needed resort to ‘hand holding’ and nurse them back to health.”
Officials of various MSMI bank branches are participating in this workshop. They were imparted training on various aspects of MSMI. Senior officials of RBI, SIDBI, MSMI-DI, State Bank of India, Canara Bank and others conducted sessions related to MSMI. The programme was conducted by RBI Assistant General Manager Rajesh Tiwary. RBI officials Mukul Mohan and Kedar Nath Raut were also present during the session.
Participating banks in the workshop included Bank of India, State Bank of India, Allahabad bank, Canara Bank, ICICI Bank and others.