GST cut drives MSME loan demand - The Times of India

CHENNAI/MUMBAI: The GST rate cut is driving MSMEs to seek additional funding from banks for expansion. After the GST rejig, banks have seen a spike in enquiries for advances from the MSMEs. It comes amid lenders having moved closer to their annual targets for the MSME segment in the first half of the current fiscal. For instance, state-owned Indian Overseas Bank has recorded its MSME portfolio tou…