Coronavirus Outbreak: Bank of Baroda sets up emergency credit line to provide funds for MSMEs, corporate borrowers
Bank of Baroda's announcement follows a similar additional funding facility announced by the country's largest lender State Bank of India for its borrowers last week.
Public sector banks with about 80 percent of banking operation have taken steps to ensure the safety of its staff and uninterrupted banking services to customers.
Govt says Mudra defaults no concern as majority loans securitised; RBI warns Centre of spike in NPAs under scheme
RBI alerted the finance ministry over the rise of NPAs under the Mudra Yojana and said that the scheme could become next big source of bad loans.
What raises eyebrows is the absence of a similar regime for corporates like CIBIL who are by far the heaviest borrowers and defaulters.
Gross Non-Performing Assets ratios of large borrowers among state-run banks increased from 6.1% in March to 8.1% in September 2015