The Finance Ministry has stated that Public Sector Banks (PSBs) have sanctioned loans worth over Rs 6.45 lakh crore during May 1-May 15. The approved loans pertained to 54.96 lakh accounts from MSME, Retail, Agriculture and Corporate sectors. This sanctioned level of Rs 6.45 lakh crore as on May 15 is a Rs notable increase compared to the Rs 5.95 lakh crore sanctioned as of May 8, the Finance Ministry noted.
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