Live Session on Rescuing MSME Sector Post Covid with Rajnish Kumar, Chairman- State Bank of India

In a Webinar organised by FLO, State Bank of India Chairman Rajnish Kumar on Sunday urged small and medium enterprises to act prudently and avoid over-leveraging during the current situation where there is a lot of uncertainty. Kumar said that if enterprises have some inherent weaknesses then they should not go for short-term borrowings
Kumar warned that for businesses with fundamental flaws or inherent weakness, short-term borrowing is not advisable at this juncture.
He said banks are reassessing the working capital requirements for businesses on a case-to-case basis.