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State Bank Of India
BSE: 500112 | NSE: SBIN
Large Cap | Bank - Public
1077.75
13.25 (1.24%) SBI extends credit period of stressed auto dealers
Date: 19-08-2019State 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.