SBI sees around Rs 60K crore repayment getting deferred: Rajnish Kumar

The RBI move is aimed at providing borrowers some relief to borrowers, who are affected by the impact of lockdown on account of COVID-19. "Our term loan book is fairly large and I think Rs 2-2.5 trillion gets paid every year, so for three months it would be Rs 50,000-60,000 crore," the bank's chairman Rajnish Kumar told reporters.

from Banking/Finance-Industry-Economic Times https://ift.tt/2QRoInv