Updated: April 27, 2023, 05:53 PM IST
livemint
To prevent accidental processing of payments… MoreState Bank of India (SBI) is taking all necessary precautions to prevent accidental processing of payments by Indian oil refiners buying Russian oil above the $60 per barrel price cap set by the US-led coalition. The largest lender in India has asked refiners such as Indian Oil Corp, Bharat Petroleum Corp Ltd and Hindustan Petroleum Corp Ltd for information on buying prices to hedge risk.