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Covid-19 crisis: SBI to disburse Rs 700 cr to MSMEs in Mumbai by June

Among all banks, SBI controls a market share of 22% in the MSME lending

SBI
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The impact of the crisis on NPAs (non-performing assets) will become clear after August depending on the evolving situation, Suresh Nair, deputy general manager at SBI said

Press Trust of India
State Bank of India (SBI), the country's largest lender, has set a target of disbursing Rs 700 crore to MSMEs in the Mumbai circle by the end of June, to help them tide over liquidity crisis due to the Covid-19 lockdown.
Among all banks, SBI controls a market share of 22 per cent in the MSME lending.
"SBI will boost flow of credit to MSMEs (micro, small and medium enterprises) in this challenging period by reassessing their working capital limit and also by extending Covid-19 emergency loans.
"Overall, we expect to lend Rs 700 crore to MSMEs in four districts of Mumbai circle

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