Summary:
Bankers want you to take loans during this festive season and so they are beginning a massive outreach exercise in October. They will showcase their loan products across retail, agriculture and MSME sector in order to woo clients. Organisations like Small Industries Development Bank of India (SIDBI) and National Bank for Agriculture and Rural Development (NABARD) have also been invited. When asked if such lending spree will increase bad loans, they said that there will be no compromise on merit for approving and disbursing loans. Recently in July, banks had conducted a massive exercise of interaction with own staff to understand the bottlenecks in loans and it was decided to increase loans in retail, agriculture and MSMEs..