New Delhi: Honest borrowers will find it easier to get loans from public sector banks(PSBs) following the reforms being undertaken, according to financial services secretary Rajiv Kumar.
The government this week announced a slew of reforms for the banking sector and said it will infuse an unprecedented Rs 88,139 crore capital in 20 PSBs before March 31 to boost lending and revive growth.
Announcing the reforms, finance minister ArunJaitley had said that stringent norms for disbursal of high value loans have been framed, with strict surveillance on big loan defaulters and mandatory reporting of loans of over Rs 250 crore if there is a breach of any covenant.