MoneyWorks4Me

SBI extends credit period of stressed auto dealers

19 Aug 2019 Evaluate

State Bank of India (SBI) has extended the credit period of automobile dealers that are facing demand slowdown and inventory build-up. Normally the credit period is of 60 days but the bank has extended the same to 75 days in some cases or 90 days in others.

SBI is the country’s largest lender and it offers a wide range of services in the Personal Banking, Agriculture/ Rural, NRI services, SME and Corporate Banking etc.

Peers
Company Name CMP
State Bank Of India 984.50
PNB 116.80
Bank Of Baroda 232.40
Canara Bank 123.90
Union Bank Of India 177.45
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