Bank credit to priority sectors jumped 85 pc to Rs 42.7 lakh crore in ….

Bank credit to priority sectors jumped 85 pc to Rs 42.7 lakh crore in last 6 years: FM Sitharaman. The overall credit disbursement to the agriculture sector has seen steady and positive growth during this period. Some of the major areas where FinTechs are further augmenting banking services include opening savings accounts through e-KYC, leveraging Artificial Intelligence (AI) technology for face recognition and name match. The Government and RBI have also taken various measures to improve the financial soundness of banks and to address the issues related to credit discipline, responsible lending and improved governance, adoption of technology, recovery and reduction of NPAs. For confidential support call the Samaritans on 08457 90 90 90 or visit a local Samaritans branch, see www.samaritans.org for details. In the U.S. call the National Suicide Prevention Line on 1-800-273-8255 or visit http://www.suicidepreventionlifeline.org/. For confidential. support in the UK, call the helpline on 0800 1111.

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