Three of the banks that participated in the stress tests had acquired significant loan portfolios through business combinations.
This would enable them to impart correct information rather than avoiding or giving wrong information. Updation of Code of Bank’s Commitment to Micro and Small Enterprises should include commitment on revival and rehabilitation framework and lifecycle financing of MSMEs. Though the BOs don’t intervene in credit decisions, several complaints about delayed decision-making in granting of loans to MSMEs, education and housing loans are received.