Open more MSE branches: RBI to banks

The Reserve Bank of India (RBI) has asked banks to open more micro and small enterprises (MSE) focused branches in different MSE clusters, said Deepali Pant Joshi, executive director, RBI adding "each lead bank of the district may adopt at least one cluster". MSEs often face the lack of bank credit from the banks leading them to access informal sources of credit which are costly. According to RBI data, bank credit to MSE sector came down to 14.7 per cent of total bank credit in 2012-13. from 16.5 per cent a year ago.