YES Bank to give loans to MSMEs based on their GST returns, bank statements

Private sector lender YES Bank, which is working closely with micro, small and medium enterprises for their banking requirements, has launched loan products that use their bank statements and Goods and Services Tax (GST) returns for ascertaining their credit worthiness. “We have operationalised a GST return-backed funding of up to ₹1 crore. We have tied up with a fintech Karza, which extracts info…