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For years, commercial banks have dominated lending to Micro, Medium and Small Enterprises (MSMEs). They are now confronting competition from Non-Banking Financial Companies, or shadow banks as they are known, which are turning more aggressing in funding MSMEs. By all accounts, the competition is set to heat up.
For borrowers, NBFCs offer the promise of quick loans disbursals, easy and flexible repayment facilities, and non-collateralised loans. And those are the terms that MSMEs like.
