Monday, June 1, 2020

The poor bring more business to banks in April

Loans to the economically weaker sections in April was nearly 40% higher than loans to big corporates, indicating low credit demand for investments while also pointing to the need for borrowings to keep the poor going at a time when economic activities came to a virtual standstill.

source https://economictimes.indiatimes.com/industry/banking/finance/banking/the-poor-bring-more-business-to-banks-in-april/articleshow/76146841.cms

No comments:

Post a Comment