Begin typing your search above and press return to search.
exit_to_app
Which direction is India heading?
access_time 2022-01-26T11:54:59+05:30
UP Elections: Is Yogis Hindu vs Muslim working?
access_time 2022-01-28T14:51:16+05:30
Is the CPI-M afraid of Lokayukta?
access_time 2022-01-28T11:15:18+05:30
Casteism in the Republic
access_time 2022-01-26T08:59:48+05:30
Is the party over for Boris Johnson?
access_time 2022-01-25T20:14:21+05:30
Online experiments of Israeli aggression
access_time 2022-01-25T10:00:57+05:30
DEEP READ
UP Elections: Is Yogis Hindu vs Muslim working?
access_time 2022-01-28T14:51:16+05:30
Massacre in Kazakhstan
access_time 2022-01-14T16:39:12+05:30
Saudi Arabia: changing to face the future
access_time 2022-01-11T17:23:42+05:30
exit_to_app
Homechevron_rightBusinesschevron_rightPSBs to adopt...

PSBs to adopt nationwide credit outreach programme this year: FM

text_fields
bookmark_border
PSBs to adopt nationwide credit outreach programme this year: FM
cancel

New Delhi: Finance Minister Nirmala Sitharaman on Wednesday said that public sector banks (PSB) will adopt a nationwide credit outreach programme this year.

Addressing the media in Mumbai, she said that banks will go about exhibiting loan offerings in every district of the country in a bid to enhance the credit demand.

A similar outreach programme was undertaken by the public sector banks in which some private sector banks also participated to boost credit offtake in the face of an economic slowdown.

"With changing times, now industries have the option of raising funds even from outside the banking sector. Banks themselves are raising funds through various avenues. These new aspects need to be studied to target credit where it is needed," she said.

Sitharaman said that during her interaction with the chiefs of public sector banks it was highlighted that banks can play a crucial role by hand-holding industries from a particular sector to enable them to become an exporter and thereby play an important role in assisting One district one Product scheme suggested by the Prime Minister.

Show Full Article
TAGS:PSBs credit outreach programme FM 
Next Story