PSU banks lent Rs 35K cr to agri sector

PSU banks lent Rs 35K cr to agri sector

The first quarter comprises the months of April-May-June and the banks' performance in agricultural lending is not noteworthy. When the annual target is at Rs. 3,75,000 crores, the three months prior to the Kharif period / monsoon is merely less than ten per cent at Rs. 35,000 crores only between all three types of banks - commercial, cooperative and regional rural banks. May be in the next quarter ie., July-August-September, would absorb higher amounts both for working capital as also term loans in agricultural sector. We should wait and watch.