‘Public Sector Banks sanctioned loans worth Rs 5.95 lakh crore for more than 46.74 lakh accounts between March 1 and May 8’
Between March 20 – May 8, Public Sector Banks contacted 97% of borrowers eligible for emergency credit lines & working capital enhancements and sanctioned loans worth Rs 65,879 crore, up from the Rs 26,500 crore sanctioned as of May 4.
PSBs sanctioned loans worth Rs 5.95 lakh crore for more than 46.74 lakh accounts from the MSME, Retail, Agriculture & Corporate sectors between March 1 and May 8, 2020. Total financing worth Rs 1.18 lakh crore was provided to NBFCs. Pic Credit: N Sitharaman Offc