State Bank of India (SBI) has given a three-month relief to borrowers under its settlement schemes and will not charge extra interest keeping in mind the COVID-19 pandemic. Against the backdrop of current disruption in the market and 21 days lockdown till April 14, 2020, the Bank has come forward to extend the timeline for payment of settlement amount by three months.
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.
