Thursday, 13 April, 2023

MSMEs bounce back with normalized repayments: SIDBI MD Sivasubramanian Ramann

<p>Small Industries Development Bank of India (SIDBI), thinks the recovery of the post-Covid economy will cause far less harm to the banking system than initially anticipated. This is due to statistics from loans with government guarantees showing no surge in defaults. Sivasubramanian Ramann, Chairman &amp; MD of SIDBI, says the lender is utilising technology platforms like the NSEL portal and GST network to reduce the time it takes to disburse loans by just a third.</p>