Retail customers yet to approach us in big numbers for loan recast: SBI MD

SBI has launched a portal for retail customers to check eligibility for personal loan restructuring

The country’s largest lender, State Bank of India (SBI), has, so far, not seen its retail customers approach the bank in big numbers to avail the restructuring facility, which the Reserve Bank of India (RBI) has made available for personal loans, apart from corporate loans.

“People are yet to approach in a big number. We have not heard from any of our branches that a large number of people have approached them for restructuring,” said Challa Sreenivasulu Setty, managing director, SBI.

The assumption is that people who availed the six months moratorium, which the RBI had asked banks to offer due to