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Enhancing Financial Services for SMEs: Recommendations for Improved Data Sharing and Client Orientation

This presentation provides actionable recommendations aimed at improving the financial services for SMEs. It emphasizes the importance of pooling existing institutional data from SMEDA, trade associations, and chambers of commerce. Key strategies include enhancing data sharing among member banks, fostering a client-oriented approach through timely and decentralized decision-making, and simplifying collateral registration processes. Additionally, the presentation suggests the creation of a comprehensive list of market research firms to aid banks in better understanding and serving SMEs.

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Enhancing Financial Services for SMEs: Recommendations for Improved Data Sharing and Client Orientation

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    1. Group Work Presentations Group 1

    2. Recommendations Should pool existing data from SMEDA, Associations, Chamber of Commerce etc Data sharing with member banks PBA should collect data from member banks on their knowledge of sectors/subsectors like installed capacity CIB scope to be enhanced

    3. Banks should be more client oriented Timely decision making Decentralized decision making Simple procedures Simplification of collateral registration/documentations etc PBA should develop a list of market research companies Recommendations (cont…)

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