SBI opens emergency credit line for borrowers amid coronavirus scare1 min read 21 Mar 2020, 02:58 PM IST
The additional liquidity facility – Covid-19 Emergency Credit Line (CECL), will provide funds up to ₹200 crore
The bank said the credit line is open for all standard accounts which have not been classified as SMA 1 or 2 as on March 16, 2020 are eligible to avail this credit line.
Mumbai: Amid businesses getting affected due to the novel coronavirus pandemic, the country's largest lender State Bank of India has opened an emergency credit line to meet any liquidity mismatch for its borrowers.
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