'Banks to follow home loan growth story for MSMEs'

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Times of India 7h ago

'Banks to follow home loan growth story for MSMEs' - Times of India

Quick Summary:

India Business News: NEW DELHI: Banks will be asked to tap into the "digital footprint" of small businesses, including salary payments, electricity bills and municipal tax.

Having been asked to focus on profitable business, Oriental Insurance turned profitable last year, while National narrowed its loss to Rs 187 crore and United India reported losses of Rs 800 crore.

Joshi also said that banks must be more efficient in mopping up low-cost current account and savings bank account (CASA) deposits, where state-run players are lagging.