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M Nagaraju Says Banks Should Lend More, Like, Seriously!

M Nagaraju Says Banks Should Lend More, Like, Seriously!

So, like, DFS Secretary M Nagaraju is all about getting banks to ease up on those interest rates for small business loans. He’s saying, "Hey, you got the cash, let’s share the love!" At this IBA bash in Mumbai, he’s pushing for banks to lend more, because, c'mon, they can totally do it! And SBI's C S Setty? He’s like, public banks are the MVPs! Let’s make it rain loans, people!

Quick rundown

  1. DFS Secretary urges banks to lower interest rates on small business loans.
  2. State-owned banks have strong capital and are urged to lend more.
  3. Public sector banks outperform private banks on key metrics.
  4. A digital portal for consortium lending is in the works.
  5. Transformative steps are being taken towards a stronger banking ecosystem.

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