 "SBI")
Amid businesses getting affected due to the novel coronavirus pandemic, the country's largest lender State Bank of India has opened an emergency credit line to meet any liquidity mismatch for its borrowers.
The additional liquidity facility Covid-19 Emergency Credit Line (CECL), will provide funds up to Rs 200 crore and will be available till June 30, 2020, SBI said in a circular issued on Friday.
The loan will be offered at an interest rate of 7.25 per cent with a tenure of 12 months.
With a view to provide some degree of relief to the borrowers whose operations are impacted by Covid-19, it
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