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PSU banks disburse Rs 2.52 lakh crore loans in October

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 De...

PTI|
Nov 21, 2019, 06.00 PM IST
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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.

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