PSBs disbursed Rs 4.91 lakh cr loan during Oct-Nov: FM

As part of a government-initiated outreach programme, public sector banks have disbursed a record Rs 4.91 lakh crore of loans during October-November, the finance ministry said on Tuesday.

Finance Minister Nirmala Sitharaman in September asked banks to reach out to customers and signal their willingness to lend following all prudential norms to boost consumption and revive the economy.

The outreach camps or loan ”melas” were conducted across 374 districts to improve credit delivery and support the needs of the economy, with particular focus on MSMEs, NBFCs, corporates, retail and agriculture sector borrowers, without compromising prudential lending.

View more…

Leave a Reply

Your email address will not be published. Required fields are marked *