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SBI’s Large Corporate Borrowers Line Up For Loan Moratoriums
SBI begins reviewing loan moratorium requests from its large corporate borrowers
09 Apr 2020, 08:21 PM IST
State Bank of India has seen a large number of requests, even from investment grade corporations, for a three-month moratorium of loan repayments as permitted by the Reserve Bank of India, according to two senior officials at the lender.Unlike in the case of retail borrowers, India’s largest lender is reviewing these requests on a case-by-case basis.Except for large AAA-rated industrial groups, a number of corporations in the AA-rate...
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