YES Bank to lend to MSMEs based on their GST returns

Private sector lender YES Bank has launched a credit product to help small businesses avail secured loans based on their Good and Services Tax (GST) returns. Called YES GST, the product is an overdraft (OD) facility for micro, small and medium enterprises (MSMEs), and is a first-of- its-kind product in the banking industry. Through this, small businesses can avail ODs up to ₹1 crore, based on thei…