
Non-bank lenders ‘LAP’ up alternative to faucet MSMEs, CFO Information, ETCFO
Mumbai: Non-bank finance firms have stepped up lending to micro, small and medium enterprises (MSMEs), with the speed of progress in such advances outpacing commitments by business banks to this class of debtors. To make sure, non-bank lenders are specializing in collateral-backed loans under ’10 lakh-a area and ticket-size banks won’t discover too enticing for…