Govt should revive credit to small businesses, says Nandan Nilekani | ET CEO Roundtable

The Economic Times
Published on: Sep 27, 2019
228 views

Speaking at the ET CEO Roundtable in New Delhi Wednesday, Infosys chairman Nandan Nilekani said that the next big step for the government to take is to revive credit to small businesses. "Today only 8% of Indian small businesses get credit from the banking system. Due to combination of factors like public sector banks having high NPAs, NBFCs having asset liability mismatch, the whole thing is grid locked," Nilekani said. Listen-in. (Text: ET Bureau)

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