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SBI to grant moratorium to NBFCs on case-by-case basis amid Covid-19 crisis

Considers 25 fresh credit proposals from shadow banks

Topics
State Bank of India SBI | NBFCs | MFIs

Subrata Panda & Abhijit Lele  |  Mumbai 



SBI to link saving deposits, loan pricing to repo rate from May 1
Earlier, SBI had not agreed to providing blanket moratorium to NBFCs and had said it would look at each case on its merit

State Bank of India, the country’s largest lender, is working on 25 proposals, totalling at least Rs 5,000 crore, for credit to non-banking financial companies (NBFCs) while taking up requests for a loan moratorium on a case-by-case basis.

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First Published: Wed, May 06 2020. 23:09 IST

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