We have to sympathaize both with the processors and the Banks. The banks once bitten are now wary to extend loans lest somebody does a Nirav Modi on them. The processors are caught in the pincers of a devaluing Rupee making imports dearer. The Banks could judiciously and quickly evaluate the trusted and tested processors and extend credits rather than paint the entire industry with the same tarred brush.
We have to sympathaize both with the processors and the Banks. The banks once bitten are now wary to extend loans lest somebody does a Nirav Modi on them. The processors are caught in the pincers of a devaluing Rupee making imports dearer. The Banks could judiciously and quickly evaluate the trusted and tested processors and extend credits rather than paint the entire industry with the same tarred brush.