Friday, July 10, 2020

Blanket moratorium extension till December not required: SBI Chairman Rajnish Kumar

SBI had recorded a moratorium book of roughly 20% at the end of May which is set to fall further in the second leg of moratorium. “If I go by my book and the analysis of that book, the people who have availed moratorium that number is not very significant,” Kumar added. “It is premature to predict that there will be extension of moratorium till December.”

source https://economictimes.indiatimes.com/industry/banking/finance/banking/blanket-moratorium-extension-till-december-not-required-sbi-chairman-rajnish-kumar/articleshow/76896057.cms

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