The Economic Times daily newspaper is available online now.

    PSU banks disburse Rs 2.52 lakh crore loans in October

    Synopsis

    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. An amount of Rs 1.05 lakh crore was fresh lending, the Department Financial Services said in a statement.

    Loan-ThinkStock Photos

    An amount of Rs 46,800 crore was given as working capital loan.

    NEW DELHI: 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.


    (You can now subscribe to our Economic Times WhatsApp channel)
    (Catch all the Business News, Breaking News Budget 2024 News, Budget 2024 Live Coverage, Events and Latest News Updates on The Economic Times.)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    ...more

    (You can now subscribe to our Economic Times WhatsApp channel)
    (Catch all the Business News, Breaking News Budget 2024 News, Budget 2024 Live Coverage, Events and Latest News Updates on The Economic Times.)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    ...more
    The Economic Times

    Stories you might be interested in