Thursday, 21 November 2019

PSU banks disburse record Rs 2.52 trn loans in Oct, says Finance Ministry

Public sector banks disbursed a record Rs 2.52 lakh crore of loans during the festive month of October , the Finance Ministry said on Thursday.
An amount of Rs 1.05 lakh crore was fresh lending, the Department Financial Services said in a statement.

An amount of Rs 46,800 crore was given as working capital loan, it said.
The government in September had asked state-run banks to step up lending and hold outreach programmes or loans melas in 400 districts to lend to desirable shadow banks and retail borrowers.

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