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Lockdown 2.0: Coronavirus-hit units get Rs 10,000 crore from banks

Banks have built internal capacities for assisting companies, including micro, small & medium enterprises (MSMEs).

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A SBI executive said the bank is giving these emergency loans to those in need. It does not involve elaborate scrutiny. Photo: Shutterstock

Abhijit Lele
Ahead of finalising the package for industries hit by Covid-19, the Union finance ministry reviewed support extended by large public sector banks (PSBs), including via the emergency credit line, to affected firms. State Bank of India (SBI) and Bank of Baroda (BoB) have together sanctioned close to Rs 10,000 crore as immediate credit assistance to the affected units.
 
PSB executives said this was a regular review with top officials of large banks, including SBI. There was also discussion on working capital re-assessment.


Banks have

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First Published: Apr 29 2020 | 2:11 AM IST

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