State Bank of India (SBI), India’s largest public sector bank, through its COVID-relief for Maldives, is supporting economic relief measures of Government of Maldives by providing liquidity support of $16.20 million for local businesses and deferred loan repayment for over 200 retail accounts. On the Independence Day of the Maldives (July 26), India provided a $400 million assistance via an extended currency swap arrangement.

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