PSU banks disburse Rs2.52 lakh cr loans in Oct

New Delhi: Public sector banks disbursed Rs 2.52 lakh crore in loan melas during the festive month of October, the Department of Financial Services said on Thursday. The disbursements were made in two phases spread across 400 districts of the country. New term loans and fresh working capital accounted for 60% of the total disbursement. Of the Rs 2,52,589 crore, an amount of Rs 1,05,599 crore was disbursed towards new term loan while Rs 46,800 crore was disbursed as new working capital loans. Credit to NBFCs during the month of October was Rs 19,627.26 crore. TNS