 "Some public sector banks are planning to seek assurance from the government that it would convert part of its dues lying with Vodafone Idea (VI) into equity, according to three senior executives of banks who spoke to Business Standard on condition of")
With micro, small and medium enterprises (MSMEs) being more vulnerable to trade tariff shocks, lenders are toying with the idea to suggest revision in terms for credit guarantee cover as part of the support package.
The SMEs may have relative advantage for sectors against countries like China, which face higher reciprocal tariffs. They would need incentives, bankers said.
“The situation is evolving. We are keeping track of developments,” a senior State Bank of India (SBI) executive said.
Some of the industries may be impacted are textiles, auto part components and gems and jewellery. SMEs in this segment have relatively limited
