 "SBI")
About 10 per cent of term loan customers of State Bank of India have sought for deferment of standing instructions under the Reserve Bank’s regulatory package for Covid-19.
Senior SBI executives said most of those seeking deferment are retail and micro and small enterprises and are hard-pressed for resources when earning and cash flows have almost dried up. The bank is assessing how much amount (of loan) is under moratorium option. Those with enough liquidity (like large and medium-size companies) have continued with payment schedules. Perhaps, they would prefer not to pay accumulated interest after the end of three-month moratorium,
