RBI releases draft circular on limits on exposure to single and group borrowers and large exposures for UCBs
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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