Friday, Mar 29 2024 | Time 16:24 Hrs(IST)
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Business Economy


Govt's package to revive economy eyewash: AIBEA

Aurangabad, Maharashtra, Aug 23 (UNI) General Secretary of Maharashtra State Bank employees Federation and Joint Secretary of AIBEA Devidas Tuljapurkar said on Friday that measures announced by Finance Minister Nirmala Sitharaman to revive economy is nothing but reiterating existing policy framework which banks are already implementing.
In a press release, Tuljapurkar stated that each bank has board driven one time settlement scheme more or less on the same lines.
He said each bank has surplus to lend but banks are unable since there is no demand and capital is not the constraint and hence announcement that PSBs would lend Rs five lakh crore sounds hollow.
This exercise is nothing short of whitewash, the release added.
UNI VKB SHK2207
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