Lenders want more time to finalise working capital needs of large firms

Lenders will need more time to firm up an additional working capital line for large corporates in the wake of the coronavirus (Covid-19) outbreak. This is because most funding happens through consortiums or multiple banking arrangements.
 

A senior State Bank of India (SBI) executive said in the case of large corporates, where there is consortium and social banking, the decision will be taken in consultation with all the lenders. Such a decision can’t be taken on a standalone basis because there are collateral issues and the need to get no-objection certificates.
 

If a fresh assessment of working capital requirement is