Credit flow to MSMEs shrinks as lenders turn cautious owing to economic slump. The contraction in gross credit flow to the sector could be on the back of risk-averse lending by top banks as slowing consumption and stalling manufacturing growth. Between November 2018 and 2019, gross loans to micro and small industries fell 0.1%.
from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/35goqei
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Wednesday, January 1, 2020
Banks not keen to lend big to small businesses
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