SBI launches portal for restructuring of retail loans
COVID-19 stressed retail borrower accounts shall be eligible for resolution which were standard, but not in default for more than 30 days.
COVID-19 stressed retail borrower accounts shall be eligible for resolution which were standard, but not in default for more than 30 days.
He said digital banking tools have proved to be a boon during the pandemic, pointing out that 38 per cent of personal loans disbursed by the bank were executed through its app, Yono.
The Monetary Policy Committee (MPC), headed by the Governor Shaktikanta Das, also decided to keep the reverse repo rate at 3.35 per cent.
The industry body said all their customers are facing disruptions in cash flow cycles, which is likely to be there for the major part of this fiscal.
