Explanation:

• State Bank of India has launched an emergency loan facility for its existing loan customers whose business has been hit due to Coronavirus 2019 (COVID 19).
• The loan facility has been named COVID 19 Emergency Credit Line (CECL). It has been launched to meet the temporary liquidity mismatch arising out of covid-19.
• The interest rate under this facility will be 7.25% per annum.
• State Bank of India was established on 1st July 1955 under the SBI Act 1955.
  Headquarter- Mumbai, Maharashtra.
  Chairperson- Rajnish Kumar.