"PSBs complemented RBI on loan moratorium. Their effective communication & proactive actions ensured that over 3.2 cr. a/c availed 3-month moratorium. Quick query redressals allayed customer concerns. Ensuring responsible banking amid #lockdown, she tweeted.
Sitharaman also said public sector banks
(PSBs) sanctioned loans worth Rs 77,383 crore between March 1 and May 4 to provide sustained credit flow to NBFCs and housing finance
Besides, under the Targeted Long Term Repo Operations (TLTROs), total financing of Rs 1.08 trillion was extended "ensuring business stability and continuity going forward", she added.
and others, pre-approved emergency credit lines and working capital enhancements are being prioritised by PSBs.
"...More than 27 lakh customers contacted from March 20 and 237,000 cases sanctioned loans worth Rs 26,500 cr. A work in progress," she said in another tweet.
India imposed the lockdown from March 25 for 21 days in the first phase and later extended it two times until May 17 to check the spread of coronavirus.