New Delhi, June 29 -- Admitting that Private banks have started a little slow than the Public Sector Banks (PSBs) in terms of loan sanctioning and disbursals under the Rs 3 lakh crore Emergency Credit Line Guarantee Scheme (ECLGS), Managing Director, Kotak Mahindra Bank and CII President, Uday Kotak assured that private sector banks will soon gain momentum in disbursing collateral-free loans to MSMEs.
While speaking at CII Virtual Dialogue on, Strategising the Rollout of Economic Stimulus Package on the occasion of International MSME Day, on Saturday, Kotak said, Private banks have started a little slow but assured that in the next few weeks there will be significant flow of credit from private sector banks under the scheme both in terms ...