'MSMEs top demand for unsecured loans'

Small businesses are emerging as the biggest drivers for unsecured loans, with a 73% year-on-year growth in demand from MSMEs in the September quarter. The demand is mainly from smaller cities, which experienced faster growth than metros during the quarter leading up to the festival season, an analysis of loan demand from 700 cities conducted by Paisabazaar showed. In Q2, demand in non-metro cities increased by 74%, while in metro cities, it grew by 69%.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/ZN8YAfT

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