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LOAN ISSUES: The circular had given rise to fears that other banks would follow in the SBI's footsteps.

LOAN ISSUES: The circular had given rise to fears that other banks would follow in the SBI

SBI withdraws circular, resumes farm equipment loans

The country's biggest state-owned bank had decided to put on hold any new loans to finance new tractors and any farm mechanization activities, in a circular issued last Friday from Mumbai which cited the bank's large portfolio of tractor loan accounts with high overdues.

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