PNB, Bank of Maharashtra Lead In Collateral-Free MSME Loans In FY23

PNB, Bank of Maharashtra Lead In Collateral-Free MSME Loans In FY23

New Delhi, Aug 4 (KNN) Among the top public sector banks (PSBs), Punjab National Bank (PNB), Bank of Maharashtra and Union Bank of India are the banks with the maximum number of collateral-free MSME loans up to Rs 10 lakh and Rs 10 lakh to Rs 25 lakh as of March 2023, said Bhanu Pratap Singh Verma, Minister of State for MSME in a written reply to a question in the Lok Sabha.

In the list of 12 PSBs, PNB led the tally with 18 lakh loans amounting to Rs 27,124 crore.

It is followed by 15.20 lakh loans involving Rs 22,783 crore by Bank of Maharashtra and 14.64 lakh loans involving Rs 20,351 crore by Union Bank of India as of March 2023 under the up to Rs 10 lakh collateral-free…
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Source: https://knnindia.co.in/news/newsdetails/sectors/pnb-bank-of-maharashtra-lead-in-collateral-free-msme-loans-in-fy23