PSU banks step up lending, disburse a record Rs 4.91 lakh cr loans in Oct-Nov

PSU banks step up lending, disburse a record Rs 4.91 lakh cr loans in Oct-Nov

The finance ministry on Tuesday said state-run banks disbursed a record Rs 4.91 lakh crore worth loans in the October-November period, as part of an outreach programme directed by the ministry. The statement comes at a time when the government is seeking to enhance credit flow and stimulate consumption, while impressing on banks to shed risk aversion and get back to the job of lending. Banks disbursed loans worth Rs 2.39 lakh crore in November on top of Rs 2.52 lakh crore in October.

Read more at 
The Financial Express

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