/ SBI Not Cancelled Unused line Of Credit To Telecoms Sector- Sriram ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Monday, 12 June 2017

State Bank Of India (SBI) is the country's largest lender which has not cancelled unused line of the telecom sector.

The total debt is about Rs.4.6 lakh, according the reports, RBI asked the other banks for to review their exposure and make the higher provision for their business.

SBI Managing Director B Sriram said to the media that withdrawn of the unused line of credit in the telecoms sector and not withdrawn any unutilised limit.

Sriram said at the time of saving of capital we can take informed decisions and try to use the limit whenever it's required and we review all the accounts of the telecom sector.

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