Wednesday, July 8, 2020

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.

source https://economictimes.indiatimes.com/industry/banking/finance/banking/sbi-to-digitise-msme-lending-putting-senior-people-to-drive-growth/articleshow/76857963.cms

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