Former Sebi chief UK Sinha to head RBI panel on MSMEs

 

Mumbai, Jan 3: The RBI on Wednesday set up an expert committee under former Sebi chairman U K Sinha to suggest long-term solutions for the economic and financial sustainability of the micro, small and medium enterprises (MSME) sector.
The RBI announced the panel a day after it allowed a one-time restructuring of existing debt up to Rs 25 crore for MSMEs, which have defaulted on payments but the loans given to them have continued to be classified as standard assets.