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Saturday, May 23, 2020

BoB says 65% customers opted for moratorium

BoB's numbers are higher than some peer banks like State Bank of India (SBI) which had said that only 20% of its borrowers had opted for the moratorium. BoB estimates that it can offer about Rs12,000 crore of loans to micro small and medium enterprises under the Rs 3 lakh crore goverment guarantee scheme which is 20% of its Rs 60,000 crore exposure to this sector.

from Banking/Finance-Industry-Economic Times


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