Mumbai: Indian banks have sought government guarantees against their loans to certain sectors in order to revive flow of credit in the economy as a measure to counter the covid-19 slowdown, said Rajnish Kumar, chairman, State Bank of India.
On Saturday, Kumar addressed representatives from the real estate sector via video conferencing and said even if the government guarantees the incremental lending, that will be of much help.
The video conference was organised by the National Real Estate Development Council (Naredco). “In the current circumstances, this (government guarantee) would be the best way and this is what we have been telling the government.