State Bank of India (SBI) has set up a wholly owned subsidiary named State Bank Operations Support Services (SBOSS) for providing support services and Business Correspondent activities to SBI branches and RACCs in rural and semi urban areas, as approved by RBI. Final approval for setting up the subsidiary has since been received from RBI on June 30, 2022.
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.
