SBI to grant moratorium to NBFCs on case-by-case basis amid Covid-19 crisis

Considers 25 fresh credit proposals from shadow banks

State Bank of India, the country’s largest lender, is working on 25 proposals, totalling at least Rs 5,000 crore, for credit to non-banking financial companies (NBFCs) while taking up requests for a loan moratorium on a case-by-case basis.
 

Explaining the change in the approach to granting moratorium to NBFCs, bank executives said the Reserve Bank of India (RBI) came out with the Covid-19 regulatory package in March, and that things had become clear only subsequently. “Now, there is the RBI liquidity window at repo rate too to get finance for on-lending,” an official said.
 

Second, the National Bank for Agriculture