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Global Investors Summit done, Uttar Pradesh turns to banks for credit line

The state has exhorted banks and financial institutions to support the investment roadmap by providing loans to the GIS projects

Bank, money, Banks
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Virendra Singh Rawat Lucknow
After garnering investment proposals worth Rs 33.50 trillion at the Global Investors Summit (GIS) 2023, the Uttar Pradesh (UP) government has asked commercial banks to loosen their purse strings for private sector projects.

The state has exhorted banks and financial institutions to support the investment roadmap by providing loans to the GIS projects.

The pool of GIS projects is likely to play a major role in improving the credit deposit (CD) ratio of banks. Currently, the CD ratio of UP is nearly 53 per cent, but the Yogi Adityanath government is striving to touch 60 per cent.

“Today, the CD

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First Published: Feb 20 2023 | 10:13 PM IST

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