Amidst a Raging Second Wave, SMBs Witnessed a 7% Increase in Customers: OkCredit Data
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OkCredit registered an overall 15% increase in transacting customers since March 2020 Maharashtra, despite being severely hit by the pandemic, witnessed a 35% decline in transactions this year in comparison to a 65% drop last year. Tier-1 cities have been most affected as witnessed by the drop in transaction levels. For Delhi, Karnataka and Kerala the drop in transactions was…

How can Banks Assist SMEs in these Challenging Times Post- COVID?
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With the current pandemic affecting the global economy, financial institutions and banks have started navigating to the post-COVID- 19 strategy. This is the long-term outlook to improve the bank’s crisis response. All the global banks including the community banks are struggling with their future strategy. This strategy is focused on supporting the small businesses during the crisis and taking the…