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Home News News and Press Release Month 11 2019 2019 (11) This

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

21-11-2019
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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 October, 2019

Outreach Camps conducted across 374 districts across the country during October, 2019

Record ₹ 2.53 lakh crore of loans disbursed in a single month

Total credit of ₹ 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 Programmes 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 normsopening of accounts along with Aadhar 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 ₹ 2,52,589 crore including camps and all branches.
  • An amount of ₹ 1,05,599 crore was disbursed towards New Term Loan.
  • An amount of ₹ 46,800 crore was disbursed towards New Working Capital loans.
  • Total New Term Loan + New Working Capital (₹ 1,05,599 crore + ₹ 46,800 crore) was 60% of total disbursement.
  • Credit to NBFCs during the month of October 2019 was ₹ 19,627.26 crore.

The details are as under:

1. PSBs Disbursement Data in Customer 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 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

76,561

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

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