No dearth of bank loans, provided you fulfil all eligibility criteria: Vikramaditya Singh Khichi
| Tuesday | 20th August, 2019
There is no dearth of loans from banks, provided the borrower fulfills all the eligibility criteria, a top bank official said on Monday.
Recently, industry representatives had written to Finance Minister Nirmala Sitharaman that enough loans are not being disbursed to small businesses.
Small businesses have time and again complained to the government that large companies, to whom they supply goods, are not paying them on time.
But we have recently launched a housing loan product, which is directly linked with repo rates," he said.
He further added that Bank of Baroda has recently reduced the interest rates by 30 basis points.
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