India's State Bank to resume tractor loans

Newswire

MUMBAI, May 21 (Reuters) - India's largest lender, State Bank of India , said on Wednesday it would resume tractor and farm equipment loans with immediate effect, having earlier suspended new loans because of rising defaults. "We regret that our circular dated May 16, concerning tractor loans has been misunderstood and has given rise to concern. The circular is withdrawn with immediate effect," a statement from Chairman O.P Bhatt said. State Bank shares were up 0.7 percent at 1,666.50 ...

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