To help retail borrowers come out of the possible financial stress following the increase in interest rates in the recent months, Vijaya Bank has begun the process of increasing loan repayment periods.
Mr H.S. Upendra Kamath, Chairman and Managing Director of the bank, said this while delivering a talk on MSME and general banking issues at Kanara Chamber of Commerce and Industry (KCCI) here on Friday.
He said that the Government has asked bankers to help retail and MSME borrowers in case they need any support.
“But it is left to the individual banks to draw up various measures in their wisdom.”