"MSMEs bounce back with normalizing repayments: SIDBI MD Sivasubramanian Ramann"

Small Industries Development Bank of India (SIDBI), the biggest lender in the vital SME segment, believes the damage to the financial system would be a lot less than expected with a revival in the post-Covid economy as data from government-guaranteed loans showed no spike in defaults.

SIDBI Chairman & Managing Director Sivasubramanian Ramanan tells ET that the lender is leveraging the technology platforms from the NSEL portal to the GST network to cut its loan disbursal time period to just a third, reducing uncertainties for the borrower.

Read more at The Economic Times Rise