Sbi Credit Profile
SBI extends credit period to 75-day for auto dealers facing slack in demand
To help the auto sector tide over stress, the country's largest lender State Bank of India (SBI) has extended the credit period of automobile dealers that are facing demand slowdown and inventory build up. "We are actively engaging with the auto dealers and in case of hardship faced by them the bank is extending credit repayment period on the case to case basis," SBI managing director (retail & digital banking) told reporters here on Sunday. Normally the credit period is of 60 days but the bank has extended the same to 75 days in some cases or 90 days in others, he added. As a bank, we can only focus on the financing side. Our main focus is make available funds at cheaper cost for those retail customers keen on buying cars. We also fund the dealers when they buy cars from the manufacturer. However, for the aspect of revival of demand, only government can step in," he said. Gupta further said there has been a slight downturn in auto loans from the bank in recent months due to ...
 "SBI extends credit period to 75-day for auto dealers facing slack in demand")
SBI's credit profile hinges on NPA resolution: Moody's
The scenario analysis assumes about 35-40% of SBI's NPAs are resolved under various resolution processes in next 2 financial years: Moody's
 "SBI's credit profile hinges on NPA resolution: Moody's")
