 "Nirmala Sitharaman")
Finance Minister Nirmala Sitharaman said on Thursday that public sector banks have sanctioned loans worth Rs 5.66 trillion during March-April and the disbursement will start soon after the lockdown is lifted, leading to economic recovery.
During March-April 2020, PSBs sanctioned loans worth Rs 5.66 trillion for more than 4.18 mn accounts. These borrowers are from MSME, retail, agriculture & corporate sectors, waiting for disbursal soon after lockdown lifts. Economy poised to recover! Sitharaman said in a tweet.
She further said that state-owned banks implemented the moratorium announced by the RBI on repayment of loans.
"PSBs complemented RBI on loan moratorium. Their effective communication
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