India, Aug. 12 -- An Indian entrepreneur based in the United States has compared the banking systems of the two countries, claiming that the US comes out on top due to American banks' willingness to take calculated risks. Shreyans Jain, co-founder of Y Combinator-backed Manicule, shared an X post contrasting the two countries from the perspective of a borrower.

Jain claimed that in the US, borrowers with a decent credit score and relatively short credit history can access substantial loans. In India, on the other hand, banks demand extensive documentation and remain highly risk-averse even when the borrower has strong finances.

In his X post, Jain said his experience of dealing with banks in the two countries could be indicative of the ...