US-based entrepreneur criticizes Indian banking red tape, calls nation 'credit-starved'
An Indian founder based in the US stated that American banks only require a solid credit score and a brief history to approve a loan. He remarked that in India, the process involves needing an excellent credit score, an extensive history, bank statements, and a seemingly endless list of requirements, only to face a rejection. He further commented that a nation lacking credit access and possessing no tolerance for banking risk will struggle to advance on the global stage.
by shortkt.com✓