SBI has made big preparations for farmers and started new initiatives to reduce risk in the agriculture loan segment
SBI initiatives for Agri Loan: The country's largest government bank, State Bank of India (SBI), announced 11 new initiatives on Thursday. These include increasing digital banking facilities and opening 35 new agricultural centralized processing cells.
SBI initiatives for Agri Loan: The country's largest government bank, State Bank of India (SBI), announced 11 new initiatives on Thursday. These include increasing digital banking facilities and opening 35 new agricultural centralized processing cells, reducing the risk in the farm loan segment. State Bank of India announced these initiatives in a statement to broaden the bank's reach to meet the banking needs of its potential customers on the occasion of its 69th Foundation Day.
Digital banking experience improved.
According to the statement, SBI has improved its digital payment experience. This includes 'tap-and-pay' on the BHIM SBI Pay app and 'end-to-end' digital loans against mutual funds on the YONO app.
Initiative regarding PM Surya Ghar
The bank also announced an initiative that will make SBI Surya Ghar's loan completely digital 'end-to-end'. It said that users can opt for a loan under the PM Surya Ghar Yojana of the Central Government. It provides loans for up to 10 kW capacity. The entire process from applicant registration on the MNRE/REC platform to loan disbursement will be managed on SBI's digital platform.
The second Global NRI Center opened in Patiala.
Acknowledging the significant contribution and global presence of NRIs in shaping the country's growth story, SBI has opened the second Global NRI Center (GNC) in Patiala, Punjab.
SBI Chairman Dinesh Khara inaugurated the second Global Overseas Centre (GNC) at Patiala on Bank Day to enhance its services to NRI customers. SBI's GNC reflects the bank's unwavering commitment to strengthen its ties with the global Indian community.
"These centers function as centers of excellence and provide tailored services to NRI customers. With a network of 434 dedicated NRI branches in India, overseas offices in 29 countries, 45 exchange houses, and five bank partnerships in Gulf Cooperation Council (GCC) countries, SBI is well-equipped to provide a wide range of services to its NRI customers across the globe," the statement said.
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