Coronavirus situation under control in Delhi, not terrible, says Kejriwal
Maruti reports 54% YoY decline in sales in June; sells less than 40% of pre-coronavirus level
Government Bans 59 Chinese Apps Including Tik-Tok, Shareit, UC Browser, and WeChat
PM Modi to address the nation at 4 pm: What to expect
Maharashtra Extends Lockdown Till July 31 Day After Urging Caution
Coronavirus Vaccine Update
Swarms Of Desert Locusts Reach Delhi Outskirts After Gurugram
Delhi fighting difficult battle against COVID-19, will emerge victorious: Kejriwal
2-Week Lockdown In Guwahati From Monday; Minister Says "Shop By Sunday"
YouTube likely to come up with TikTok-like short video platform
Rs 2,000 crore from PM CARES Fund to be spent on 50,0000 ventilators for COVID-19 patients
Baba Ramdev's Patanjali launches India's 'first Ayurvedic' medicine for coronavirus, Coronil
Coronavirus: Glenmark conducts Fabiflu trial on 1,000 patients; to compete with Gilead's Remdesivir
Jio's golden touch makes Reliance Industries share rise 108% in 3 months
Coronavirus vaccine: When will it be ready? Moderna, AstraZeneca offer answers
Chennai lockdown starts today: Check what is allowed, not allowed
Coronavirus vaccine: Singapore scientists discover 5 antibodies that can combat COVID-19
India-China tension: Indian Army releases list of 20 martyrs; wreath ceremony begins in Leh
Tamil Nadu announces 'maximised restricted lockdown' from June 19 in Chennai, 3 other districts
Maruti Suzuki's Alto becomes India's top-selling car for 16th year in a row

Latest Posts

21.8% of SBI customers avail moratorium facility on loan EMIs

latest news update

State Bank of India (SBI) on Friday said that the moratorium facility on loan EMIs was availed by nearly 21.8 per cent customers. It stood at 23 per cent in terms of the loan value. The country's largest lender also said that it has seen a robust growth in retail deposits so far.

"Robustness of our retail portfolio is established as only about ~21% of borrowers availed moratorium," SBI said in a regulatory filing. In terms of financial support to the customers, SBI said that Rs 17,116 crore coronavirus related loans have so far been sanctioned.

The RBI had recently said that an estimated Rs 38.68 lakh crore of the total Rs 100 lakh crore worth of loan outstanding in the banking system are now under the six month moratorium as part of the coronavirus relief package.

The Reserve Bank of India (RBI)  last month extended the moratorium on loan EMIs by three months, or till August 31, 2020. The earlier three-month moratorium was ending on May 31. This makes it a six-month moratorium on term loan EMIs starting from March 1, 2020 to August 31, 2020.

SBI had thereafter said that it has "proactively reached out to all of its eligible loan customers to obtain their consent to stop their Standing Instructions (SIs) / NACH mandate for the EMIs falling due in June, July and August 2020."

Meanwhile, reported a net profit at Rs 3,580.81 crore for the March quarter compared with Rs 838.40 crore in the same quarter last year. "Exposure to severely stressed sectors by Covid-19 is less than 4 per cent of the book," it also said in the regulatory filing.

×

Alert Message

Ok
Please Wait...

Share the Opinion Poll with your Friends At

Ok

Share the Survey with your
Friends At

Ok
×

Statistics

Ok
No
×

Statistics

Ok