Private Banks show higher share of MSME customers,beats PSBs in govt backed credit

摘要

According to the data from National Credit Guarantee Trustee Co.Ltd cited by the Reserve Bank of India public sector banks have lagged behind their private peers in disbursing loans under the government backed credit guarantee scheme."Private banks showed greater tendency than public sector banks(PSBs)for utilizing the Emergency Credit Line Guarantee Scheme(ECLGS),covering a larger number of beneficiaries,"the regulator said in its Financial Stability Report.As of November 12,private banks had disbursed INR 1.06 trillion of government guaranteed loans,while their state run rivals made INR 83,000 crore worth loans,data showed.Non-banking financial companies(NBFCs)disbursed INR 31,000 crore,followed by foreign banks at INR 5000 crore.