Bank of Baroda on Wednesday said it has set up an emergency credit line to provide funds to its existing MSME and corporate borrowers impacted by the outbreak of coronavirus.

This follows a similar additional funding facility announced by the country's largest lender State Bank of India for its borrowers, last week.

"The Bank has decided to make maximum 10 percent of the existing fund based working capital limits (FBWC) subject to maximum of Rs 200 crore. This is in addition to existing adhoc/excess/standby letter of credit (SLC)/gold card limit,” BoB said in a late night statement.