State Bank of India has increased loan tenures by 10 more years stretching its loan repayment tenure to a maximum of 30 years. With this, the bank is allowing extension up to the age of 70 years for its borrowers. SBI’s decision comes after the government asked public sector banks to expand tenures instead of hiking the installment amount in order to pass on the rise in cost. Some other public sector banks are also likely to follow suit.