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Has The Government Push Prompted PSU Banks To Lend More?
With the economy slowing, the government pushed lenders, particularly PSU banks, into lending more to support the economy.
12 Feb 2020, 11:03 AM IST
With the economy slowing, the government pushed lenders, particularly public sector banks, into lending more to support the economy. Nearly Rs 70,000 crore in additional capital was provided, loan melas were organised and the Reserve Bank of India was nudged into easing restrictions placed on certain weak lenders.Have all of these measures led to increased lending by India’s government-owned banks? Yes, suggests the aggregate lending...
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