SBI launches e-facility to check eligibility for retail loans restructuring

Reserve Bank of India had announced a one-time restructuring scheme for personal loan and corporate borrowers affected by Covid-19 stress

The country's largest lender State Bank of India (SBI) on Monday said it has launched a facility on its website to help retail customers check their eligibility for one-time loan restructuring announced by the RBI.

Last month, the Reserve Bank of India (RBI) had announced a one-time restructuring scheme for personal loan and corporate borrowers affected by Covid-19 stress.

"We thought instead of people actually visiting our branches, we can provide this tool and they can initially check their eligibility," the bank's managing director (retail & digital banking) C S Setty told reporters.

An eligible customer, however, will have to later visit the