RBI’s Mundra hopes to boost credit to small businesses

SS Mundra: India must remove obstacles blocking access to credit

India needs to remove numerous obstacles blocking access to credit for small businesses, the Reserve Bank of India's SS Mundra said on August 23.

Outlining what he called the "ABCD of credit", Mundra said policy-makers needed to tackle access, the information asymmetry between banks and businesses, problems with collateral, and shortcomings in firms' documentation.

Access to formal financial services is limited among small businesses, with a recent survey suggesting 90% of small Indian

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