3.2 cr Bank Accounts availed 3 – month moratorium. Quick query redressals allayed customer concerns

Office of Smt. N Sitharaman:

  • During March-April 2020, PSBs sanctioned loans worth Rs 5.66 lakh cr for more than 41.81 lakh accounts.
  • These borrowers are from MSME, Retail, Agriculture & Corporate sectors, waiting for disbursal soon after lockdown lifts.
  • Economy poised to recover!
  • For MSMEs and others, pre-approved Emergency credit lines & working capital enhancements being prioritised by PSBs.
  • More than 27 lakh customers contacted from March 20 and 2.37 lakh cases sanctioned loans worth Rs. 26,500 cr.
  • A work in progress.
  • Sustained credit flow to NBFCs & HFCs in COVID19!
  • PSBs sanctioned loans worth Rs. 77,383 cr. between Mar 1-May 4.
  • Inclusive of TLTRO funds, extended total financing of Rs. 1.08 lakh crore, ensuring business stability & continuity going forward.
  • PSBs complemented RBI on loan moratorium.
  • Their effective communication & proactive actions ensured that over 3.2 cr. a/c availed 3-month moratorium.
  • Quick query redressals allayed customer concerns. Ensuring responsible banking amid lockdown
    File Pic Credit: PIB India

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