High attrition at senior level, asset quality are concerns for the bank: Samit Ghosh, founder of Ujjivan Financial Services
"Nitin Chugh's resignation has come as a surprise," Ujjivan's founder and non-executive chairman of the holding company Samit Ghosh told ET. "In fact, it's a matter of concern that several people of the leadership team, which we built over the past 16 years, have left," he said.
HSBC outpaces market on back of SME loansHong Kong and Shanghai Banking Corp’s (HSBC) India corporate loan book has grown at a compounded rate of 16% in the last five years led by a tripling in loans to small and medium enterprises (SMEs).
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