Yogi Adityanath's farm loan waiver: SBI, PNB, Allahabad Bank top exposure

The state government has formed an eight-member committee to implement the decision

State Bank of India, Punjab National Bank and Allahabad Bank lead the pack of commercial banks with exposure to the agriculture sector in Uttar Pradesh, where the state government has decided to pay all crop loans owed by small and marginal farmers.  

As of December 2016, nine banks (also including Union Bank of India, Bank of India and Bank of Baroda) had extended loans worth Rs 70,046 crore to the agriculture sector in the state. Of this, crop loans were Rs 49,811 crore.

Total credit by commercial banks — covering public sector lenders, private banks and regional rural banks