Private sector banks aggressively lend to MSMEs, according to RBI's latest FSR

The number of fresh borrowers at 67.61 lakhs for private sector banks under the government's ECLGS scheme is three times the fresh borrowers attracted by public sector banks who managed only 22.65 lakh new borrowers. Private banks disbursed Rs 95700 crore compared to Rs 79800 crore disbursed by public sector banks, according to Reserve Bank's latest Financial Stabilty Report.

from Banking/Finance-Industry-Economic Times https://ift.tt/mTHWR2Y