Large corporate defaults squeeze the loan window for small units

Business Standard Smart Business

The loan repayment defaults by large corporates, leading to mounting NPAs of the banks, has squeezed the loan sanction window for small business units. The small business units, who otherwise have a better track record in loan repayment, are suffering for no fault of theirs, said Jasbir Singh Hura, Past President of Sambalpur Chamber of Commerce and Industry (SCCI). 
 

Hura was speaking at Business Standard’s Smart Business event jointly organised with SCCI and Sambalpur Branch of Eastern India Regional Council (EIRC) of the Institute of Chartered Accountants of India (ICAI) on the topic, ‘Curtailing the NPA Menace’. The event was