32 C
Guwahati
Friday, July 4, 2025

SBI offers loan relief to Manipur customers amidst unrest  

- Advertisement -
- Advertisement -

HT Bureau

GUWAHATI, Aug 18: The State Bank of India (SBI) has introduced a substantial loan relief package for its
customers in the violence-affected region of Manipur. The package encompasses a moratorium of up to
12 months on Equated Monthly Installments (EMIs), interest payments, and other dues.
This relief initiative is available to borrowers whose accounts were not classified as non-performing
assets (NPAs) as of May 3, 2023, as stated in a notice by the SBI Manipur regional office. The
implementation of the package is based on an assessment date of May 4, 2023.
To benefit from this relief, borrowers in Manipur are encouraged to approach their home branches or
any nearby SBI branch before the deadline of August 31, 2023, as announced by the SBI.
It is pertinent to note that Manipur has been grappling with unrest since May 3, following clashes
between the Kuki and Meitei communities, which escalated into widespread violence. The state has

- Advertisement -

witnessed significant disruption, with over 150 fatalities and thousands displaced during the nearly four-
month-long period of turmoil.

- Advertisement -
The Hills Timeshttps://thehillstimes.in/
Welcome to The Hills Times, your trusted source for daily news and updates in English from the heart of Assam, India. Since our establishment in 2000, we've been dedicated to providing timely and accurate information to our readers in Diphu and Guwahati. As the first English newspaper in the then undemarcated Karbi Anglong district, we've forged a strong connection with diverse communities and age groups, earning a reputation for being a reliable source of news and insights. In addition to our print edition, we keep pace with the digital age through our website, https://thehillstimes.in, where we diligently update our readers with the latest happenings day by day. Whether it's local events, regional developments, or global news, The Hills Times strives to keep you informed with dedication and integrity. Join us in staying ahead of the curve and exploring the world through our lens.
Latest news
- Advertisement -
Related news
- Advertisement -