Pvt banks treble share in small biz loan to 70%

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Private sector banks more than tripled their share in loans sanctioned to the micro, small and medium enterprise (MSME) sector to 69.8% in FY22 from the previous year’s levels. Earlier, private banks had almost halved their share in FY21 to 18.2% from 33.6% in FY20. Public sector banks, which accounted for 48% of all loan sanctions to MSMEs in FY20, increased the share to 73% in FY21.

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