MoneyWorks4Me

SBI decides to permit acceptance of documents for KYC updation through mail or post

03 May 2021 Evaluate

State Bank of India (SBI) has decided to permit acceptance of documents for KYC updation through mail or post, in view of difficulties faced by customers due to local lockdown induced by the second wave of COVID-19. The move is expected to be followed by other public sector lenders.

SBI is the country’s largest lender and it offers a wide range of services in the Personal Banking, Agriculture/ Rural, NRI services, SME and Corporate Banking etc.

Peers
Company Name CMP
State Bank Of India 948.80
PNB 116.65
Bank Of Baroda 238.00
Canara Bank 119.80
Union Bank Of India 173.40
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