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SBI sends notices to some Snapdeal sellers to pay up dues

SBI sends notices to some Snapdeal sellers to pay up dues

Monday, March 20, 2017, 11:26 AM

After Axis Bank withdrew sanctioned credit limits to a few Snapdeal sellers, it's the turn of the State Bank of India to raise alarm bells over falling sales of several retailers associated with the troubled online platform. The public sector lender has sent notices to several sellers and sought immediate repayment of outstanding loans above their drawing power.
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