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27 May, 2020 07:12 IST
SBI Plans To Offer Moratorium To All Term Loan Customers
Source: IRIS | 30 Mar, 2020, 11.49PM
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India's largest lender State Bank of India (Q,N,C,F)* is likely to offer a three-month moratorium to all its term loan borrowers, as a way to ensure the quick pass-through of relief measures announced by the Reserve Bank of India.

SBI will offer the moratorium to all customers rather than making individual assessments, two senior officials told on condition of anonymity. The moratorium will also be offered to working capital facilities availed by micro, small and medium enterprises, the officials said.

Shares of the company declined Rs 9.1, or 4.64%, to settle  at  Rs 186.95.  The total volume of shares traded  was  2,419,756 at  the BSE (Monday).
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