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[ad_1] Axis Bank on Thursday said it has started disbursing loans through the Account Aggregator (AA) framework, which enables easy and instant access to financial information of customers in a secure manner. The country's third largest private sector lender has already gone live on multiple Account Aggregators like Anumati-AA, OneMoney-AA and FinViu-AA, covering re
[ad_1] Moody's Investors Service on Monday said higher interest rates have increased repayment amounts and limited refinancing options for SME borrowers who have availed loans against property, heightening default risk for these loans. "Even if the RBI were to keep rates on hold from here, the repayment amounts will weigh on SME borrowers' capacities to repay debt.
[ad_1] Corporate distress among small and medium-sized enterprises (SMEs) hit its highest since mid-2020 in the three months to May in Britain and Europe, as credit conditions tightened, an index compiled by law firm Weil Gotshal and Manges showed on Thursday. SMEs are struggling the most as higher interest rates squeeze liquidity. “It should come as no surprise t
