GST data should be available to lenders to vet loan proposals

The banking sector is expected to continue its focus on retail loans due to the relatively lower risks involved and expand MSME lending on the back of availability of granular GST data in 2019. With four-five of the 11 weak public sector banks likely to be unshackled from the Reserve Bank of India’s restrictive prompt corrective action framework on the back of capital infusion from the government,…