New Document top_band
 
Business Standard

Southern states want more leeway from PSU banks

Related News

The finance ministers and chief ministers of the four have told Union Finance Minister that there should be more leeway from public sector banks in terms of collateral for priority sector lending.

In a meeting with Chidambaram and heads of here on Tuesday, the leaders said there had been a good uptake in credit growth for the priority sector, but much more could be done if PSU banks reduce the collateral requirement.

Karnataka Chief Minister Jagadish Shettar, Andhra Pradesh CM and Puducherry CM attended the meeting, while Tamil Nadu and Kerala were represented by their finance ministers, and K M Mani, respectively.

According to sources, Chidambaram has urged banks to look into this request. He also said, “In terms of agriculture credit, education loans, and SME credit, there is a good growth in southern states, compared with certain other states.”

Read more on:   
|
|
|
|
|
|
|
|
|
|
|

Read More

Festive season brings cheer for banks in retail credit

The reduction in interest rates by banks in home loans has finally helped banks to garner a higher month-on-month growth this year in the festive ...

Quick Links

News Rss icon

LIC Housing Finance takes over Orbit Corp's Mumbai property

Orbit's total amount outstanding is Rs 95.50 crore including interest, expenses and other charges

VCES a rare opportunity, make fresh start, says Chidambaram

The FM asked hose in trade and industry to seize the offer

Govt allows greater flexibility for pension fund investments

But the EPFO board would need to approve the changes before they become official

Back to Top