Now Reading: Central Bank of India’s MSME drive generates Rs 150 crore
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Central Bank of India’s MSME drive generates Rs 150 crore
Central Bank of India's Hyderabad Region held an MSME Outreach Campaign in Balanagar on Friday, generating business worth Rs 150 crore. General Manager Dr Himanshu Gupta stressed expanding financing to new-to-bank and…
The Story in Brief
Central Bank of India's Hyderabad Region held an MSME Outreach Campaign in Balanagar on Friday, generating business worth Rs 150 crore. General Manager Dr Himanshu Gupta stressed expanding financing to new-to-bank and new-to-credit customers.
The bank sanctioned Rs 40 crore in MSME loans, issued Rs 60 crore in in-principle sanctions, and generated Rs 50 crore in fresh leads. Loans worth Rs 25 crore were disbursed on the day. Officials including M Pichayya and Gajendra Singh Chouhan attended.
The Indian Opinion
Bank outreach events often boast inflated figures that mix sanctions, approvals, and leads as if they are the same thing. The real test is how many of those in-principle sanctions and leads convert into actual disbursements, only Rs 25 crore was handed out on the day. Watch the bank's quarterly disclosures to see if the Rs 60 crore in-principle sanctions turn into real loans, or if this is just another headline.
Source: telanganatoday.com
This story was synthesised by AI from the source linked above.
