Nirav Modi fallout: As banks tighten purse strings, FinTech can fill the void
For the millions of small businesses in the country, the current mess in the banking sector and the entire Nirav Modi and Punjab National Bank (PNB) fiasco could not have come at a worse time. After the disruptions caused by demonetization and the Goods and Services Tax (GST), SMEs are looking to get a move on, for which they need funds, but it seems getting credit from banks will only get tougher.
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