STOCK MARKET BSE NSE

60% builders avail Covid Line of Credit from SBI

As many as, 60% builders have availed for Covid Line of Credit (LoC) from the State Bank of India, Telangana.

Published: 08th November 2020 12:43 AM  |   Last Updated: 08th November 2020 11:40 AM   |  A+A-

By Express News Service

HYDERABAD:  As many as, 60% builders have availed for Covid Line of Credit (LoC) from the State Bank of India, Telangana. “The issues arising because of Covid has been addressed to a large extent by extending relief measures such as moratorium on EMIs, charging of simple interest during the moratorium, extending an emergency LoC, and extending the period of repayments,” said OP Mishra, Chief General Manager, SBI Hyderabad Circle, who attended a meeting with Confederation of Real Estate Developers’ Associations of India (CREDAI) on Saturday.



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp