Asset shortages hinder MSMEs access to formal bank financing: RBI DG

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Asset shortages hinder MSMEs access to formal bank financing: RBI DG - Business Standard

Quick Summary:

He further mentioned that many MSMEs primarily operate in the informal sector, making it challenging to assess their creditworthiness due to information asymmetry, especially regarding their financial performance.

Their reluctance stems from a combination of weak bargaining power and the fear of losing future business opportunities,” he said.

While speaking at the annual day of the Foreign Exchange Dealers Association of India (FEDAI), he said, “Banks often use asset-based lending, which relies on collateral rather than cash flow.