Rs 1,500 cr to cooperative banks

Tribune News Service

Updated At : 12:12 PM May 16, 2020 IST

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Chandigarh, may 15

In the wake of the Covid-19 pandemic, the National Bank for Agriculture and Rural Development (NABARD), Punjab regional office, has sanctioned Rs1,500 crore under special liquidity facility (SLF) to state cooperative banks. Of this, Rs1,000 crore has been sanctioned to Punjab State Cooperative Bank and Rs 500 crore to Punjab Gramin Bank.

JPS Bindra, chief general manager, NABARD, Punjab regional office, said the fund was a front-loaded liquidity support provided to these banks. — TNS

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