Tag: PSB

PSBs set sights on personal guarantees for corporate dues
Business

PSBs set sights on personal guarantees for corporate dues

State-run banks are set to invoke the private ensures given by as many as 300 promoters for company loans following directions from the finance ministry, two folks with direct information … Read More

corporate due
Banks catalysts of economic revival, make special efforts to reach out to people: Nirmala Sitharaman
Business

Banks catalysts of economic revival, make special efforts to reach out to people: Nirmala Sitharaman

Finance Minister Nirmala Sitharaman on Wednesday stated banks are going to be the catalysts for financial revival and in addition urged them to undertake digital applied sciences for effectivity and … Read More

PSBs have at least Rs8 lakh crore of loans under moratorium
Business

PSBs have at least Rs8 lakh crore of loans under moratorium

India’s 5 largest state-run banks collectively have at the least Rs7.9 lakh crore of loans below moratorium, together with loans that had been harassed even earlier than the coronavirus outbreak, … Read More

loanmoratoriumSBI
PSBs disburse Rs 16,031-crore loan to MSMEs under emergency credit guarantee scheme
Business

PSBs disburse Rs 16,031-crore loan to MSMEs under emergency credit guarantee scheme

New Delhi: The Finance Ministry on Tuesday stated public sector banks have disbursed Rs 16,031.39 crore until June 12, below the Rs 3-lakh crore Emergency Credit Line Guarantee Scheme (ECLGS) … Read More