FIBAC 2023 | Session 3 | SME lending: Next frontier of growth – but can it scale to potential?
Автор: Indian Banks' Association
Загружено: 2023-12-05
Просмотров: 292
Описание: MSMEs are the missing middle for the Indian economy and it is the largest unbanked and under-banked segment. Providing products specially tailored to solve the problem of this segment will unlock the next paradigm for limitless growth opportunities. GST, digital payments are few enablers driving rapid formalization of MSMEs. Although volumes are growing slowly, most banks are not reaching their full potential. Many still use old business models and rely on legacy processes. There is no one-size-fits-all approach to suit every bank and market, but banks that rethink their SME-lending businesses can increase their market share and promote profitable growth. Different segments need to be catered holistically – entrepreneurs, greenfield units, professionals, women borrowers, rural-centric and many more. End-to-end digitization of processes across the value chain will play a crucial role in achieving efficiency and optimal costs. Using advanced analytics and purpose-built processes and infrastructure, banks can make decisions instantly and create STP journeys. Is this the MSME moment for the industry, similar to the Retail growth story of the last 20 years? Or will challenges with MSME lending continue to remain?
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