Pvt banks treble share in small biz loan to 70%

Private sector banks more than tripled their share in loans sanctioned to the micro, small and medium enterprise (MSME) sector to 69.8% in FY22 from the previous year’s levels. Earlier, private banks had almost halved their share in FY21 to 18.2% from 33.6% in FY20. Public sector banks, which accounted for 48% of all loan sanctions to MSMEs in FY20, increased the share to 73% in FY21.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/frnlq25