Hyderabad August 28: As per the report of the bankers’ meeting, not a single rupee has been spent on sanction of loans to Minorities eventhough Rs. 12.55 crore were earnmarked for 2011-12.
A sum of Rs. 11, 815.29 crore is the liability on the Muslim borrowers which has to be collected. As per the R.B.I. guidelines, Rs. 986.45 crore have to be released by the banks as the share of loans to be given to Minorities which works out to 15% of the total loans to be sanctioned by the bank.
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