Customer Outreach Initiative Conducted by Public Sector Banks (PSBS) During October,2019

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....ustomer Outreach Initiative Conducted by Public Sector Banks (PSBS) During October,2019 <br>News and Press Release<br>Dated:- 21-11-2019<br><BR>Customer Outreach Initiative Conducted by Public Sector Banks (PSBS) During October,2019 Finance Minister's directive to PSBs to reach out to customers and signal their willingness to lend, crystallised in Customer Outreach Initiative by PSBs during Octob....

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....er, 2019 Outreach Camps conducted across 374 districts across the country during October, 2019 Record &#8377; 2.53 lakh crore of loans disbursed in a single month Total credit of &#8377; 19,627.26 crore given by PSBs to Non Banking Financial Companies (NBFCs) during October,2019 As per the Union Finance Minister's directive to Public Sector Banks (PSBs) in September, 2019, Customer Outreach Pr....

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....ogrammes were conducted by PSBs in participation with other banks and NBFCs in 226 districts (from 01.10.2019 to 09.10.2019) in Phase - I and 148 districts (from 21.10.2019 to 25.10.2019) in Phase - II. PSBs actively reached out to their customers in these camps and made concerted efforts towards activities such as sanctioning of loans as per prudential norms, opening of accounts along with Aadhar....

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.... and mobile seeding of accounts, and popularizing BHIM app. The drive also simultaneously galvanised similar outreach efforts in individual branches of PSBs i.e. outside the camps. Highlights of the achievements during the initiative are as under: * Total Disbursements during the month of October 2019 was &#8377; 2,52,589 crore including camps and all branches. * An amount of &#8377; 1,05,599....

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.... crore was disbursed towards New Term Loan. * An amount of &#8377; 46,800 crore was disbursed towards New Working Capital loans. * Total New Term Loan + New Working Capital (&#8377; 1,05,599 crore + &#8377; 46,800 crore) was 60% of total disbursement. * Credit to NBFCs during the month of October 2019 was &#8377; 19,627.26 crore. The details are as under: 1. PSBs Disbursement Data in Custo....

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....mer Outreach Initiative During 1st Customer Outreach Initiative From 01.10.2019 to 9.10.2019 During 2nd Customer Outreach Initiative From 9.10.2019 to 31.10.2019 From 01.10.2019 to 31.10.2019 Amount (Rs. In Crore) 81,695 1,70,893 2,52,589 2. PSBs Disbursement Data in Customer Outreach Initiative - Product-wise Sl. No Product During 1st Customer Outreach Initiative From 01.10.2019....

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.... to 9.10.2019 During 2nd Customer Outreach Initiative From 9.10.2019 to 31.10.2019 From 01.10.2019 to 31.10.2019 Amount (Rs. In Crore) 1 Home Loan 2,688 9,478 12,166 2 Vehicle Loan 1,638 5,447 7,085 3 Education Loan 152 273 425 4 Other Personal Loans 3,503 11,747 15,250 5 MSME Loans 13,956 23,254 37,210 6 Agri Loans 11,451 29,053 40,504 7 Corporates 46,224 76....

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....,561 1,22,785 8 NBFCs 1,175 12,488 13,663 9 NBFCs On-lending 908 2,592 3,500 Grand Total 81,695 1,70,893 2,52,589 3. Credit to NBFCs in the month of October 2019 Category Disbursed (in Rs. Crores) On-Lending / Co-origination 15,297.18 Pool Buyout 1,453.13 PCGS 2,876.95 Total 19,627.26 Source: Banks<BR> News - Press release - PIB....