For SME and startup financing, what initiatives have been taken by Bank of India?
SMEs have always been a priority sector which was defined long ago and the flow of finance to this sector was closely monitored by the government and the RBI. Hence, this sector was always nurtured and taken forward. I won’t be able to reveal the exact number but SME lending on YOY basis is moving upwards. However, the start-up culture is new to the banking scenario and it is so much into focus because the current government has given it a thrust.
What is you observation about fintech start-ups getting into banking space and vice-a-versa?
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