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SBI suspends Russia oil payments despite waiver
Financial Express Pune
|March 11, 2026
STATE BANK OF INDIA is not willing to process payments for Russian oil even after the US government issued a temporary waiver for India’s imports, as the country’s largest lender is uncertain how long the concession will last, according to people familiar with the matter.
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The state-owned bank believes that engaging in such business could expose it to risks as it has a sizable loan portfolio in global markets, and also hurt its reputation, said the people who asked not t
Dit verhaal komt uit de March 11, 2026-editie van Financial Express Pune.
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