When Zee Business questioned Nirmala Sitharaman over bank loans; what FM said
In the press conference held today by Finance Minister Nirmala Sitharaman, Zee Business today put up an important question on bank credit line status and delay in sanctioned loan disbursal by banks.
In the press conference held today by Finance Minister Nirmala Sitharaman, Zee Business today put up an important question on bank credit line status and delay in sanctioned loan disbursal by banks. Zee Business reporter Sameer Dixit, who was present at the FM Sitharaman's conference in New Delhi today asked about the status of the credit line among the Indian banks and the steps taken by the Government to handle the delay in sanctioned credit line by the banks.
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— Zee Business (@ZeeBusiness) May 13, 2020
Replying to the question raised by the Zee Business, Sitharaman said, "Thee is no delay from the banks' side in disbursal or credit of the sanctioned loans. In fact, there have been requests put forth by the loan applicants to delay the credit line disbursal till the lockdown exists as they won't be able to use the money and their EMI will become operational."
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On bank loan and the status of the credit sanctioned, Sitharaman said, "Banks are not shy of giving loans. They are pro-active in giving loans to the applicants. In fact, the amount sought by the banks for meeting the required amount of loans in the wake of Coronavirus crisis, the Government of India, through RBI, has already provided enough liquidity to the banks. If further demand in regard to liquidity crisis comes, the Government of India will definitely pay heed to such requests."
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