Emergency credit line: Banks' cumulative sanctions touch 54% of 3-lakh cr target

"As of Sept 3, banks have together sanctioned Rs 1,61,018 crore to 41.94 lakh accounts and disbursed Rs 1,13,713 crore to 24.70 lakh accounts under the scheme. The cumulative sanction is 54% of the total target of Rs 3 lakh cr," the report said. The average sanction and average disbursement per account is Rs 3.84 lakh and Rs 4.60 lakh, respectively.

from Banking/Finance-Industry-Economic Times https://ift.tt/35otAbW