Tuesday, July 8, 2014

AP banks see sharp rise in loan dues from SMEs

..........In line with the guidelines of the Reserve Bank of India banks were also supposed to adopt a "sympathetic" attitude towards sick enterprises and help in rehabilitation especially in cases where the sickness is on account of circumstances beyond the control of the enterprises. According to a senior banker, the overdues had also cast a shadow over the performance of banks in implementing the prime minister’s task force recommendation on ensuring proper credit flow to micro, small and medium enterprises in some aspects......

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