In a recent media interview conducted by CNBC Awaaz, Shri. VS Khichi, ED, Bank of Baroda and Shri Saurabh Tripathi – MD & Senior Partner BCG were of the opinion that the MSME sector is most affected by small changes in consumer behavior and the economy. The fact that Bank of Baroda has around 11.5 lakh beneficiaries in the Mudra Loan Scheme with an outstanding loan of almost Rs. 11,500 cr. was brought to light. It was revealed that Bank of Baroda has identified and is restructuring 45,000 accounts with stressed MSME loans and that Bank of Baroda interacted with 2.6 lakh customers who exceeded the credit limit and got Rs.33,000 cr dispersed during the outreach program.
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