ADD ANI AS A TRUSTED SOURCE
googleads
ANI Logo
Menu
Business

Rs 4.91 lakh crore disbursed by PSBs in Oct and Nov

New Delhi [India], Dec 3 (ANI): Public sector banks (PSBs) disbursed Rs 2.39 lakh crore to micro, small and medium enterprises (MSMEs), non-banking finance companies (NBFCs), corporates, retail and agriculture sector borrowers in November, raising the total disbursement since the launch of their customer outreach in October to Rs 4.91 lakh crore.

ANI Dec 03, 2019 18:05 IST googleads

Union Finance Minister Nirmala Sitharaman had announced customer outreach initiative by PSBs to improve credit delivery.  File photo)

New Delhi [India], Dec 3 (ANI): Public sector banks (PSBs) disbursed Rs 2.39 lakh crore to micro, small and medium enterprises (MSMEs), non-banking finance companies (NBFCs), corporates, retail and agriculture sector borrowers in November, raising the total disbursement since the launch of their customer outreach in October to Rs 4.91 lakh crore.
The customer outreach in October resulted in total credit disbursement of Rs 2.52 lakh crore, according to an official statement released on Tuesday.
In September, Finance Minister Nirmala Sitharaman had announced a customer outreach initiative by PSBs to improve credit delivery and support the economy's needs without compromising prudential lending.
PSBs disbursed Rs 35,775 crore to MSMEs in November, raising the total customer outreach credit to Rs 72,985 crore.
On the other hand, Rs 25,525 crore was disbursed to NBFCs in November, increasing sharply from Rs 19,628 crore in October and raising the total customer outreach credit disbursed to Rs 45,153 crore.
Total support sanctioned by PSBs in the form of the credit (including co-origination and on-lending) and pool buyouts from NBFCs since the IL&FS default in September 2018 till November 2019 has increased to Rs 4.23 lakh crore, including pool-buyouts of Rs 1.24 lakh crore.
PSBS, being adequately capitalised and record recovery underway, have sufficient liquidity to support credit growth, according to the statement.
(ANI)

Get the App

What to Read Next

Business

Piyush Goyal meets global industry leaders to deepen trade ties

Piyush Goyal meets global industry leaders to deepen trade ties

The meetings were inclined towards bolstering India's manufacturing capabilities and deepening its integration into global supply chains. The discussions focused on expanding investment partnerships and enhancing India's role as a critical hub in the Indo-Pacific region.

Read More
Business

India market "relatively resilient" compared to its Asian peers

India market

The deepening conflict in West Asia has placed the Indian economy and the broader Asian region in the "eye of the storm," as supply chain disruptions and surging energy costs threaten to trigger a significant negative growth shock.

Read More
Business

Govt Urges Citizens to Avoid Panic Booking

Govt Urges Citizens to Avoid Panic Booking

Amid global energy disruptions following the closure of the Strait of Hormuz, the government has assured that the domestic supply of LPG, petrol, diesel, kerosene, and natural gas remains stable, while citizens are urged to avoid panic booking and conserve fuel, said Sujata Sharma, Joint Secretary of the Ministry of Petroleum and Natural Gas, today.

Read More
Business

India pushes for green ship recycling, euro-compliant yards

India pushes for green ship recycling, euro-compliant yards

India is rapidly expanding its ship recycling sector and upgrading shipbreaking yards to meet European environmental standards, as part of a broader effort to strengthen its maritime industry and reduce logistics costs, Sushant Kumar Purohit, Chairperson of VO Chidambaranar Port Authority, said today.

Read More
Business

Kody Technolab Ltd. Launches Medigo Robot

Kody Technolab Ltd. Launches Medigo Robot

Ahmedabad (Gujarat) [India], March 12: Kody Technolab Limited today announced the launch of Medigo Robot, a health screening robot developed to enable rapid preventive health assessments and expand access to routine screening across healthcare, public, and institutional environments.

Read More
Business

Finkurve Financial Services Limited (Arvog)

Finkurve Financial Services Limited (Arvog)

Mumbai (Maharashtra) [India], March 12: Finkurve Financial Services Limited (BSE: 508954), among leading Tech-first Gold Loan NBFC, announced that the Company has crossed Rs. 1,035 crore+ in Assets Under Management (AUM) surged by nearly 10x compared to FY23, marking a significant milestone in the company's growth trajectory within India's secured lending ecosystem.

Read More
Business

PM Narendra Modi To Headline NXT Summit 2026 Today

PM Narendra Modi To Headline NXT Summit 2026 Today

New Delhi [India], March 12: Prime Minister Narendra Modi will headline the NXT Summit 2026 in New Delhi today, March 12. PM Modi will inaugurate the Bharat Progress Report and deliver the chief guest's address at the three-day global leadership forum.

Read More
Business

With India’s Fasteners Market Projected at USD 17 Billion by 2034

With India’s Fasteners Market Projected at USD 17 Billion by 2034

New Delhi [India], March 12: The Indian fasteners market continues to demonstrate strong momentum, having reached USD 11.2 billion in 2025 and is projected by the IMARC Group to surge to USD 17.0 billion by 2034, reflecting a robust CAGR of 4.67% during 2026-2034. This dynamic growth is fueled by the expansion of the automotive, construction, and industrial sectors, as well as increasing demand for high-performance, lightweight fasteners, and strategic government initiatives such as "Make in India." In this thriving context and to boost domestic manufacturing, Messe Stuttgart India has launched FASTNEX 2027 with its highly anticipated Signature Edition, set to take place from 8th to 10th February 2027 at the Bombay Exhibition Centre, Mumbai. The event stands as a crucial platform for industry professionals to showcase innovative products, access market intelligence, foster collaborations, and expand their business networks, ultimately contributing to the overall advancement of India's manufacturing sector.

Read More
Business

India: CPI inflation rises to 3.21% in February 2026

India: CPI inflation rises to 3.21% in February 2026

India's Consumer Price Index or retail inflation in February was recorded at 3.21 per cent, official data showed on Thursday.

Read More
Business

NSE concludes process for selection of intermediaries for IPO

NSE concludes process for selection of intermediaries for IPO

National Stock Exchange of India Limited on Thursday concluded the process for the selection of merchant bankers, law firms and other intermediaries for its proposed Initial Public Offering (IPO).

Read More
Home About Us Our Products Advertise Contact Us Terms & Condition Privacy Policy

Copyright © aninews.in | All Rights Reserved.