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6 hours ago

Banks seek RBI clarity on collateral-free loans up to Rs 20 lakh for small businesses

Banks seek RBI clarity on collateral-free loans up to Rs 20 lakh for small businesses

New Delhi: Banks are finding it difficult to extend collateral-free loans of up to ₹20 lakh to small businesses, as some accounts aren't covered under the government-backed guarantee scheme for small firms. Many borrowers are also unwilling to pay... Read more.

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