Sub-prime lending by PSBs rises on the back of govt guarantees

Wait 5 sec.

Public sector banks in India are actively lending to Micro, Small, and Medium Enterprises. This lending focuses on new and lower-rated businesses. Government guarantee schemes facilitate this. Data from the Reserve Bank of India shows a decrease in subprime borrowers. Private banks focus on super-prime borrowers. Government schemes like CGFMU and ECLGS support MSME lending.