BANK NEWS
Rescheduling of loans Shri Shashi Tharoor to banks
New Delhi: Shri Shashi Tharoor speaks about the loan repayments on Thursday, he urges the banks to reschedule the loans because the people cannot find a way of repayment in this COVID-19 pandemic.
Tharoor said the people are going financially low in this current pandemic while inaugurating an online meeting of the district consultative committee for banking development led by Indian Overseas Bank.
He added that private banks also should increase loan disbursal for the betterment of the banks as well as the customer.
Mr. Tharoor released the district plan of 2020-21 while on an online meeting which is predicted around the credit outlay of ?10,606 crores in the priority sectors. Of this, ?4,706 crore is for agriculture, ?2,180 crores for small industries, and ?3,720 crores for other priority sectors. Total bank deposits in the district, as in March 2020, stood at ?1,02,021 crore and total advances, ?66,445 crores.
Lead District Manager Sreenivasa Pai G., regional heads of various banks, and government officials attended the online meeting.
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