Govt pushes lending, asks banks for daily reports of loans allowed: Report

India's government has redoubled efforts to push state-run banks to boost lending and it has demanded that lenders submit a daily report detailing the volume and scale of loans sanctioned, according to industry sources and documents seen by Reuters.

The finance ministry, in a letter dated April 17 and seen by Reuters, asked banks to furnish detailed data on new loans, including particulars on what sectors were getting them.

The push comes after a recent 75 basis point rate cut by the Reserve Bank of India (RBI), and at a time when the banking system is flush with liquidity pumped in by