Public sector banks sanction loans worth 6 lakh cr in two months

Non-bank finance companies (NBFCs) have received Rs 1.18 lakh crore from these banks during the period between March 1 and May 8. With the lockdown coming into effect from March 25, state-owned banks opened an additional line of credit of 10 per cent of the existing fund based on working capital limits, subject to a maximum of Rs 200 crore.

from Banking/Finance-Industry-Economic Times https://ift.tt/3fIgWqY