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Finance Ministry Says PSBs Sanctioned Loans Worth Rs 6.45 Lakh Crore In First Half Of Current Month

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The Finance Ministry has stated that Public Sector Banks (PSBs) have sanctioned loans worth over Rs 6.45 lakh crore during May 1-May 15.

The approved loans pertained to 54.96 lakh accounts from MSME, Retail, Agriculture and Corporate sectors. This sanctioned level of Rs 6.45 lakh crore as on May 15 is a Rs notable increase compared to the Rs 5.95 lakh crore sanctioned as of May 8, the Finance Ministry noted.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, May 20 2020. 09:52 IST
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