Corporate Updates – 11-08-2015


Deputy Governor, RBI has urged banks to be sensitive towards the lifecycle needs of their MSME clients and develop products that are suitable to their requirements for working capital and for capital expenditure purposes. Reserve Bank has launched a national capacity building programme to sensitise and upskill bank officials dealing with MSME financing. Called the National Mission for Capacity Building of Bankers for financing MSME Sector (NAMCABS), the broad objectives of this programme are to develop skills for MSME lending and to develop entrepreneurial sensitivity among the field level functionaries of specialised MSME branches of commercial banks. Focus on programmes, such as, Make in India, Skill India and Digital India and initiatives such as revising the definition of MSMEs, providing framework for rehabilitation of MSMEs and introducing the Trade Receivables Discounting System to solve the problem of delayed payments, clearly indicate significance attached by the Government and the Reserve Bank to this sector.


DVAT Authorities have released a List of existing dealers whose PAN is not verified through NSDL. As DVAT Authorities has observed that in respect of various registered dealers the PAN details are either not available in the database of the Department or invalid as per the CBDT Database. The list of such dealers has been made available on the department website.

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