SBI to digitise MSME lending, putting senior people to drive growth

SBI’s SME portfolio shrank over 7% in FY20 to Rs 2.68 lakh crore from Rs 2.89 lakh crore. About 9.5% of this portfolio turned non-performing. The country’s biggest mass lender is also working on unveiling a pre-approved merchant loan through its Yono platform.

from Banking/Finance-Industry-Economic Times https://ift.tt/329oIG7