This kind of a rating goes on for every sector on a quarterly basis and that is already being done,” she said.At the same time, SBI Chairperson Arundhati Bhattacharya said that even for the unutilised limit the bank needs to keep the capital.She, however, added: “So, we have a cancellability clause for unutilised limits so that we don&China granulation screw barrel Suppliers39;t unnecessary block up capital. “This is the total exposure and of which, generally at any given time, about 70-75 per cent is utilised.Mumbai: Country’s largest lender State Bank of India (SBI) today said it has not cancelled unused line of credit to debt-laden telecom sector amid reports of tightening of screw by lenders.
The sector is facing the squeeze on revenues and profitability in the wake of cut-throat competition following entry of Reliance Jio.”As regard to withdrawal of these unused line of credit to telecom sector, we have not withdrawn any unutilised limit.6 lakh crore, and make higher provisions to firewall their business against any future stress.4 per cent, which was RS 18,000 crore. end-ofTags: state bank of india, telecom sector, rbi, reliance jio, debt, vodafone, airtel, sbi, reserve bank of indiaLocation: India, Maharashtra, Mumbai (Bombay). It’s goes around between companies. It may be utilised by one company and not by others.SBI has exposure of less than 1 per cent in telecom sector. Therefore, Vodafone India remains unaffected by this decision,” Vodafone spokesperson said.Telecom companies including Airtel, Vodafone and Reliance Jio have, separately, denied cancellation of existing line of credit by any bank.
“In terms of saving our capital we do take informed decisions to try and use limits where it is required,” he said. This is a regular review that is taken and where the limits are unused for a period of time, there we simply cancel it.RBI recently asked banks to immediately review their exposure to the telecom sector, which has total debt of about Rs 4.”Various telecom companies including Airtel, Vodafone and Reliance Jio have, separately, denied cancellation of existing line of # credit by any bank.
Tags: single screw barrel
Zhoushan Longwei Plastic Machinery Co., Ltd