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Bad debt fear keeps pvt banks away from street vendor loans

Last week, a branch manager of a leading state-run bank in Madhya Pradesh wrote to the municipal commissioner seeking “cooperation” as several of the 160 street vendors, who were given loans under the PM SVANidhi scheme, had not paid a single instalment, turning them into non-performing assets (NPAs).

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3rql0ls
Bad debt fear keeps pvt banks away from street vendor loans Bad debt fear keeps pvt banks away from street vendor loans Reviewed by Space encyclopaedia on December 25, 2020 Rating: 5

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