For many banks, lending to small businesses is always seen as a risky affair. But Prime Bank, now with three decades of betting on small businesses, explains how it finds the sweet spot in an area where many large banks have struggled.
Prime Bank CEO Rajeev Pant spoke to Business Daily about the power of consistency, specialisation, staying close to customers and avoiding risky bets, and how this has offered a formula to keep loan default rates at below three percent against the banking sector’s over 17 percent.
