The Emerging Challenges For Root Factors In Alternative Business Loans

Dinesh Anantrao Patil, who runs a manufacturing plant that makes hydraulic presses near Mumbai, took a 1 million- rupee (about $15,000) loan in October from nonbank financier Edelweiss Retail Finance Ltd. Mr. Patil said that in the past he had borrowed from a cooperative bank but that to do so he had to go to the bank and meet with their managers. Edelweiss officials came to his doorstep. “Everyone wants to get a service while sitting at home,” Mr. Patil said. Write to Shefali Anand at shefali.anand@wsj.com (END) Dow Jones Newswires 12-27-160247ET Copyright (c) 2016 Dow Jones & Company, Inc. This article appears in: Interactive Charts Default Setting Please note that once you make your selection, it will apply to all future visits to NASDAQ.com.

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