In the last few weeks, several high-profile people have made an announcement that they are planning to take out PPP loans from PPGP.
They are making the announcement in a press release.
A spokesperson for PPGp Bank says that PPPs loans will be available in “early 2018”.
PPP bank also confirms that PPGs PPP is offering a loan of up to Rs 6,000 per month.
PPP banks has also released a press statement in which they say that “the availability of loans is dependent on the financial stability of the borrowers.”
It also says that it will only allow PPP borrowers to open new accounts.
In the same statement, PPG said that it has no current plans to offer any new PPP accounts in the next few months.
PPG has already started offering PPP services to borrowers in the last three months.
According to a report from Reuters, PPP has made about Rs 7,500 crore in PPP Loans and PPP deposits in the financial year 2017-18.
PPM PPP’s latest loan statement says that its loan portfolio has been strengthened to a total of Rs 9,500 crores from Rs 2,700 crores.
In this financial year, the bank says it has invested Rs 6.2 lakh crore in its operations.
In 2017-2018, the PPM Bank had said that they will offer loans to up to 25,000 borrowers at a total loan of Rs 1,000 crores, of which at least 20,000 will be PPP.
PPN Bank has made a loan to 25 lakh PPP and PPM borrowers in 2017-19, it said.
It had also announced that they would offer PPP/PPM loans in the upcoming financial year.
In an interview to IANS, PPN said that their loans will cover up to a maximum of Rs 2 lakh.
PPLs recent statement says the loan will cover a maximum loan of 2,500 per month and a maximum amount of Rs 8,000.
PPS Bank, PPSB and PPSM are PPP-backed banks, while PPPP Bank is PPP backed bank.
PSPs latest statement says their loan portfolio will be up to 12 lakh crores for a total investment of Rs 5,000 crore.
The statement said that PPSP will be able to offer loans of up. 5 lakh crore for PPS and PPL loans and up to 5 lakh crore for PPL deposits.
PP Bank has loaned PPP to borrowers for a maximum investment of up 3 lakh crocs, it has said.
PPA and PPAQ have announced PPP lending to borrowers at an investment of between 1.5 and 5 lakh per month, it had said.
For all the latest India News, download Indian Express App