A SBI executive said the bank is giving these emergency loans to those in need. It does not involve elaborate scrutiny. Photo: Shutterstock
Ahead of finalising the package for industries hit by Covid-19, the Union finance
ministry reviewed support extended by large public sector banks
(PSBs), including via the emergency credit line, to affected firms. State Bank of India (SBI) and Bank of Baroda (BoB) have together sanctioned close to Rs 10,000 crore as immediate credit assistance to the affected units.