Rajeev Chandrasekhar's official website - Member of Parliament

GOVERNMENT OF INDIA

Ministry of Finance

DEPARTMENT OF FINANCIAL SERVICES

RAJYA SABHA

UNSTARRED QUESTION NO 3742

TO BE ANSWERED ON 29.04.2008

Credit Flow to Corporate Sector.

3742.

SHRI RAJEEV CHANDRASEKHAR

 

 

Will the Minister of FINANCE be pleased to state:-

(a) whether it is a fact that his Ministry has asked banks to step up credit flow to specific corporate sector; and

(b) if so, whether this constitutes direct lending which would potentially have negative financial impact on the banks in future?

ANSWER

The Minister of State in the Ministry of Finance
(Shri Pawan Kumar Bansal)

(a) No, Sir.
(b) Does not arise.