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Yes Bank to lend to small businesses based on GST returns

It has launched a GST returns-based overdraft facility through which businesses can borrow up to Rs 1 crore, it said in a statement.

April 13, 2018 / 08:22 PM IST
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Mid-size private sector lender Yes Bank today said it will be lending to small businesses against their GST returns.

It has launched a GST returns-based overdraft facility through which businesses can borrow up to Rs 1 crore, it said in a statement.

The overdraft will be given based purely on the borrower's annual turnover and GST returns, it added.

PTI
first published: Apr 13, 2018 08:19 pm

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