Business Standard

After MSMEs, let's focus on large stressed sectors

The Rs 3-trillion booster dose may help bring MSMEs back on the rails but to whom will they supply goods? It's time to take a look at companies with enough assets but strained cash flows

insolvency, MSMEs, bank loans
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insolvency, MSMEs, bank loans

Tamal Bandyopadhyay
The back office of the State Bank of India (SBI), the largest lender by assets, has shot off letters to its 810,000 small- and medium-enterprise customers, offering them pre-approved collateral-free loans to restart their businesses. While 7,000 SBI branches are engaged in the sanction and disbursements of such loans, chairman Rajnish Kumar is monitoring the progress in real time.

The scene is no different in other public sector banks. The bosses of SBI’s neighbours at Mumbai’s business district Nariman Point — Union Bank of India and Central Bank of India — have been driving down to their offices everyday to
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

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First Published: Jun 14 2020 | 9:03 PM IST

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