2/6  BIS central bankers' speeches  Mantras for borrowers 8. a) Bridging information asymmetry One thing that seriously ails the MSME entrepreneurs is large-scale ignorance about banking products & practices as also a lack of awareness about the unfolding economic environment.
Under the circumstances, the first mantra for the borrowers is to develop awareness about the changing economic dynamics and its impact on their businesses. The borrowers must make efforts to be updated with the latest regulatory guidelines, schemes offered by the banks and also by the Government.