SPONSORED BY

Auto Segment
Mutual Fund Segment
My Budget
Expert Speak
In Association With
 
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 ...

Recommended for you

Quick Links

More news from Finance Rss icon

SIT writes to RBI on financial transactions of HSBC, India for FY12 and FY13

May seek details of last 16 years as well

RBS to shut down its banking operations in India, retains its back office business

Retains back office biz; to begin talks with RBI about future plans of India business

StanChart overhauls top deck

Bill Winters to replace Peter Sands, Asia CEO Bindra to step down end-April

Back to Top