India’s largest lender State Bank of India (SBI) on September 26, 2020 said it has relocated the office of its Dy MD, financial inclusion and micro markets (FI&MM) vertical from Mumbai to the national capital Delhi.
- Under this new vertical, the bank will offer loans predominantly for agriculture and allied activities and micro and small enterprises to vastly improve the customer experience for the citizens in the hinterland.
- This will help bank to focus & improve synergy with government agencies and functionaries.
- The thrust is also to improve service quality and availability of banking services for customers across all segments.
(Source: BL)
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