SBI extends Moratorium on Loan without receiving applications


Kochi: State Bank of India extends moratorium, of loan on June, July, August months, announced by Reserve Bank of India. SBI did not wait for the applications from the deserved people and extended moratorium for three months, reports said.

SBI contacted with about 85 lakh dealers regarding the extension of the moratorium. The bank sent SMS regarding the moratorium. The people who want it can reply with typing ‘Yes’ is the only one step for the moratorium, reports added.


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