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.

from Banking/Finance-Industry-Economic Times https://ift.tt/2UfMiwx