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LATEST NEWS UPDATES | Finance Minister stipulates time frame for banks to disburse loans; move comes as lenders turning risk averse -Manojit Saha

Finance Minister stipulates time frame for banks to disburse loans; move comes as lenders turning risk averse -Manojit Saha

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published Published on Apr 20, 2020   modified Modified on Apr 21, 2020

-The Hindu

In a communication to State-run banks, the government said the move is aimed at ensuring credit flow for economic activities and the guidelines come into effect from Monday when the business activities resume.

Mumbai: As business activities resumed on Monday after a nationwide lockdown, the Finance Ministry has swung into action to ensure credit flow to companies and prescribed a specific time frame for banks within which a loan needs to be disbursed.

In a communication to State-run banks, the government said the move is aimed at ensuring credit flow for economic activities and the guidelines come into effect from Monday when the business activities resume.

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The Hindu, 20 April, 2020, https://www.thehindu.com/business/finance-minister-stipulates-time-frame-for-banks-to-disburse-loans-move-comes-as-lenders-turning-risk-averse/article31391280.ece?homepage=true


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