Indian govt asks banks to provide liquidity support to corporates_5e7baaf68810e.jpeg

Indian govt asks banks to provide liquidity support to corporates

Banks have been asked to make available an additional 10% in funds over and above sanctioned working capital loans, but not exceeding 2 billion rupees per loan account as part of the emergency measures, a senior government official, who did not want to be named, said. India’s largest lender, State Bank of India, has already rolled out this emergency credit line.

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