Comments
At the end of the second and last phase of the customer outreach initiative, which was announced by Finance Minister Nirmala Sitharaman in September, public sector banks (PSBs) had, in aggregate, disbursed loans worth ₹2.53-lakh crore, the Finance Ministry said on Thursday.
While the first phase (from October 1 to 9) saw loan disbursals of ₹81,695 crore, the second phase (from October 9 to October 31) saw disbursals of ₹1,70,893 crore. While 226 districts were covered under the first phase, as many as 148 districts were covered under the second phase.
Of the total disbursement of ₹2,52,589 crore (including camps and branches), ₹1,05,599crore was disbursed towards new term loan and ₹46,800 crore towards new working capital loans, an official release said. Total credit of ₹19,627.26 crore was given by PSBs to NBFCs in October.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.