Small businesses facing financial crunch as banks become wary of lending

Posted: January 29, 2020 at 10:06 am | Author: Manish Marwah

Present status of NBFC in India

Small businesses are facing financial crunch as banks and non-banking financial companies are becoming wary of lending to them amid slowing consumption, weak economy and likelihood of rising bad loans. According to a data released by the Reserve Bank of India (RBI), gross loans extended to the medium, small and micro enterprises (MSME) fell 3.43% […]