Economic Bytes: Boosting The Economy

PSBs disbursed over Rs 2.5 Lakh Crore loans in October - (Boosting The Economy) Approx Read Time: 3 minutes In News: Public sector banks (PSBs) disbursed loans totalling Rs 2.53 lakh crore in October as part of the massive outreach programme. Background: The RBI has cut interest rates five consecutive times to boost growth but banks have been slow in passing the benefits of rate cuts to customers. The government…

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Economy Revival: (Bank Merger)

Published on 06-Sept-2019 Is Bank merger good or bad? Approx Read Time: 4 minutes Issue: While the deposits were coming in, these were not really being put to work. Most of the PSBs were left doing little other than the mandatory priority sector lending, and today, are slowly becoming irrelevant in the loan market. Banks have been ceding share to their private-sector competitors, both in the loans and deposits markets.…

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