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Cash-flow-based lending key to financing new-age industries: SBI MD
Cash-flow-based lending will become increasingly important for financing new-age industries like data centres, solar manufacturing and technology-driven businesses, a senior bank official said on Friday. Banks need to develop new lending models, as emerging businesses may not have the traditional collateral required for bank finance, the official added. "Unless banks are able to find ways to fund these kinds of new businesses, whether it is pharma or technology, new technology...tangible securi…
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