Pics: Spoorthi Ullal 
Daijiworld Media Network - Mangalore (PS/CN)
 
Mangalore, Sep 3: At an address on ‘Micro Small Medium Scale Enterprises and General Banking Issues’ organized by Kanara Chamber of Commerce and Industry (KCCI), here, at the meeting hall of the chamber building on Friday September 2, H S Upendra Kamath, chairman and managing director of Vijaya Bank, was the speaker.

He said that 60 percent of lending from the banks should go to micro enterprises within the time frame as per the guidelines of RBI. “The RBI also directed the commercial banks in India to make sure that every branch opens five MSME accounts every year since the MSME sector is under stress and suffering from want of support. The financial secretary also recommended that banks take steps on this issue,” added Kamath. 

“The NPA in the banking industry in India during 2010 stood at Rs 5,9827 crore and it rose to Rs 7,3481 crore in 2011 which is a matter of concern,” he said. “Restructuring of financial commitments by sacrificing interest rates is also recommended by the RBI to banks. The banking sector growth is at 20 percent as per credit front. However, beneficiaries’ numbers also should increase simultaneously,” asserted Kamath.
 
Later, an interaction session was held. Latha R Kini, president of the chamber, welcomed. Mohammed Ameen, vice-president, and introduced the chief guest. Sudhir P Ghate, honourable secretary, delivered the vote of thanks. Ganesh Bhat, treasurer, was also present.