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In India, SME Lending Benefits From Innovation

In India, SME Lending Benefits From Innovation

In India, banks have been targeting lending to smaller businesses amid a slowdown in lending to larger corporations. Yet the slowdown has extended in the midst of a general waning of the economy and has snared “big” lending to small businesses. The Reserve Bank of India reported in July that between May 2014 and May 2015, lending to small industries (and the players in them) grew at 9.6 percent — not bad but a far cry from the 23.8 percent rate seen in the previous year.