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Credit scores to help MSMEs tap bank funds

Credit scores to help MSMEs tap bank funds

Tuesday, April 18, 2017, 12:17 PM

Banks have stepped aside when it comes to lending to small and micro enterprises, thanks to doubtful-finances and lack of credible-data on their credit history. But that could change with credit-information companies, which changed the face of retail lending in India. Bankers say such information would help banks take faster decisions while lending to these enterprises and ensure that defaults are kept to the minimum.
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