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PSBs plan ‘daylight over drafts’ to woo top cos

PSBs plan ‘daylight over drafts’ to woo top cos

With the Reserve Bank of India (RBI) changing the rules to help public sector banks (PSBs) grab business from MNC lenders, some of the PSBs are planning to frame policies and seek board permission to offer large overdrafts, running into thousands of crores, during the day to top corporates, two senior bankers told ET.


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16 February 2021, 20:17