Public Sector Banks have sanctioned loans worth 5.66 lakh crore rupees for more than 41 lakh 81 thousand accounts during March-April this year. In a series of tweets, Office of Finance Minister Nirmala Sitharaman said, these borrowers are from MSME, Retail, Agriculture and Corporate sectors, waiting for disbursal soon after lockdown lifts. For MSMEs and others, pre-approved Emergency credit lines and working capital enhancements are being prioritised by Public Sector Banks. More than 27 lakh customers have contacted from March 20 and 2.37 lakh cases have been sanctioned loans worth 26,500 crore rupees.

Public Sector Banks complemented RBI on loan moratorium. Their effective communication and proactive actions ensured that over 3.2 crore accounts availed three-month moratorium. Quick query redressals allayed customer concerns and ensured responsible banking amid lockdown.