In an exclusive interview with Entrepreneur, Amit Bhatia, Head- Private and Commercial Banking, Deutsche Bank (India), shares the bank’s vision for small and medium enterprises (SME) banking along with its commitment to digitization for a balanced and healthy growth.
What are the steps taken by Deutsche Bank to support SME financing?
SMEs contribute to approximately 40 percent of the country’s GDP and generate huge employment in the organized and unorganized sector. Deutsche Bank is committed to support the growth and competitiveness of this critical sector. Over the years, we have undertaken various initiatives, like SME events, to create awareness, introduced systems of financial consulting to enable access to credit and also improved the digital facilities of the bank. Also, we have utilized government initiatives for providing financial solutions to the micro, small and medium enterprises.
And, what are your SME lending criteria?
It is based on the robustness of a business model. We analyze and access the promoter’s competence in the business, competitive market scenario, industry performance, turn over growth of the SME, business margins and profitability and use the credit bureaus effectively.
What is your commitment for SMEs in this financial year?
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