Small businesses suffer as India’s bruised banks sit on deposits3 min read 17 May 2017, 08:21 AM IST
A mountain of bad debt in India's banking system has led to a prolonged credit crunch that is inflicting most pain on small- and medium-sized enterprises
New Delhi/Mumbai: Businessman Vineet Pandey has 500 housekeepers, security guards, electricians and plumbers on his books, servicing offices in India’s booming financial metropolis Mumbai. He would love to hire more to keep up with demand, but cannot get a bank loan.
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